The week was relatively light following the release of the prior inflation data and the FOMC rate decision. The Federal Reserve decided to keep its overnight borrowing rate unchanged and has indicated no plans to make changes in the near term. Many … [Continue reading]
What Underwriters Look For in the Final Weeks Before Closing
Many home buyers assume the hard work is finished once their mortgage application has been approved. However, the final weeks before closing are an important stage of the process. During this time, underwriters continue reviewing information to … [Continue reading]
The Difference Between Being Approved and Being Cleared to Close
One of the most common misconceptions among home buyers is that loan approval and clear-to-close mean the same thing. While both are important milestones in the mortgage process, they represent different stages of your loan journey. Understanding the … [Continue reading]
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