Articles

3 Hints for Getting Approved for a Mortgage August 18, 2016
3 Hints for Getting Approved for a Mortgage

When you are excited about buying a new home, it can be a disappointing experience to run into difficulties with the mortgage approval. The only thing that is lying between you and your dream home is the financing! Don’t worry though… just…

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CFPB to Offer New Rules for Troubled Borrowers August 11, 2016
CFPB to Offer New Rules for Troubled Borrowers

Due to the financial crisis during the last decade, the Consumer Financial Protection Bureau (CFPB) was created to protect home owners. Over the last several years, the CFPB has introduced various rules to help troubled borrowers, and last week, it updated additional…

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Fannie Mae’s HomeReady Program New Information August 4, 2016
Fannie Mae’s HomeReady Program New Information

Fannie Mae’s HomeReady, the affordable mortgage option designed to meet the diverse needs of today’s borrowers, announced new enhancements. HomeReady allows borrowers to provide as little as 3% down, and was the first affordable lending option to offer creditworthy borrowers the ability…

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How to Know if It’s a Good Time to Refinance July 28, 2016
How to Know if It’s a Good Time to Refinance

Chances are you’ve heard the media outlets mention how low interest rates are right now.  You may have also heard plenty of advertisements enticing you to refinance your current mortgage. But how do you know if now is the right time for…

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A Buyer’s Guide to Home Ownership July 21, 2016
A Buyer’s Guide to Home Ownership

So you want to buy a house in the near future…  What’s the first step?  What needs to be put in place to make the dream become a reality?   Follow this guide and take these steps toward home ownership. 1. Assess Your…

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More News from Fannie Mae on Credit Evaluation July 14, 2016
More News from Fannie Mae on Credit Evaluation

According to a recent article from Julie Wink of National Professional Mortgage Magazine, Fannie Mae’s announcement about “trended” data being added to mortgage credit reports for the underwriting process is going to cause a shift in the mortgage industry. This announcement will…

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Franklin Loan Center | NMLS 237653
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 4131316
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