Featured Article

  • Mon, Mar 7th 2016, 18:19

    Borrowers checklist

    When you decide to apply for a home loan, you need to submit documents certifying your ability to pay. To ensure that your loan will be approved, we made this check list with most of the information required. If you have any questions about the documents or about your loan, please feel free to contact Your casa at any time. 

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  • Mon, Mar 7th 2016, 19:15

    When to speak to a mortgage professional?

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  • Wed, Mar 9th 2016, 19:35

    How does YourCasa work?

    How do we work, what do we offer, what we are not, and what is our mission!

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  • Thu, Mar 10th 2016, 17:37

    What Makes Up Your Monthly Payment When You Buy a Home

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  • Tue, Mar 15th 2016, 16:24

    Why did Juan not qualify for a mortgage?

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  • Wed, Mar 16th 2016, 19:10

    A guide to surviving the mortgage process

    Oh no! It is time-consuming paperwork! A guide to surviving the mortgage process

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  • Fri, Mar 18th 2016, 16:31

    How long does the home buying process take?

    How long does the home buying process take? You made a decision… now it is time to buy a house. If this is your case, perhaps you are wondering how long it will take the home buying process. In this article you will find the answer.

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  • Mon, Mar 21st 2016, 20:30

    What should I expect from the mortgage underwriting process? Learn how to defeat the “Real Estate private investigator”

    Think the mortgage underwriting process as the time when you get on the plane and you patiently wait to reach your destination. At this stage of the process you cannot do anything else, but cross your fingers and hope to get great news from the lender. These are the key points in the mortgage underwriting process: 1. The “Real Estate Private investigator” The underwriter is like a Real Estate private investigator: it is a kind of Sherlock Holmes. His job is to verify that everything you said in your loan application is true. For example, he may call your employer in order to check the information you provided. 2. Appraisal In the appraisal the lender or underwriter verifies that the price of the house you want to purchase can be compared with the price of similar houses. In this way the lender can be sure that the value of your home matches the value of the loan. In order to verify this, the lender might hire an independent appraiser before the closing. The result could affect the loan conditions. 3. The “Real Estate Private investigator” looks for the history of the property Here appears on the scene Sherlock Holmes or "Homes" to do his job. At this stage a title company researches the history of the house to verify that there is no claim against the house, unpaid taxes, etc. This process is called “title search”. Then the title company issues a policy to guarantee that the house is free of any legal problem. 4. Flood certification This part of the process only applies when the property you want to purchase is in a flood zone. If this is the case, your lender will hire an expert to analyze the flood zone status of the property. If your house is in a flood zone, you will need to buy flood insurance. There are some other requirements your lender may ask you to provide such as a survey. Hopefully, at the end of all this process you will get the final approval so you might say: I defeated Sherlock “Homes”.  

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