by PMR Loans | Jul 21, 2026 | Mortgage News
Do lenders work with self-employed buyers? Lenders work with self-employed buyers regularly. Self-employment doesn't disqualify you from a mortgage. It shifts what documentation you'll need and how underwriters calculate your income. Most loan programs,...
by PMR Loans | Jul 21, 2026 | Mortgage News
What Closing Costs Do You Pay When Refinancing? When you refinance, you're paying for many of the same services that were part of your original purchase: an appraisal, title work, and underwriting. The lender needs to verify the home's current value, confirm...
by PMR Loans | Jun 27, 2026 | Mortgage News
What a low home appraisal means for your purchase When a home appraisal comes in lower than your agreed purchase price, your lender will only approve a loan amount based on the appraised value, not the price you offered. This creates a gap you'll need to cover...
by PMR Loans | Jun 27, 2026 | Mortgage News
The mortgage process after preapproval After preapproval, you'll search for a home, make an offer, and move through a formal application, underwriting, and appraisal before reaching closing. The entire timeline typically takes 30 to 45 days once you're under...
by PMR Loans | Jun 27, 2026 | Mortgage News
How Student Loans Affect Your Debt-to-Income Ratio Your debt-to-income ratio (DTI) is the percentage of your gross monthly income that goes toward debt payments. Lenders use it to measure whether you can handle a mortgage on top of your existing obligations. Student...
by PMR Loans | Jun 27, 2026 | Mortgage News
Does overtime count toward mortgage income? Overtime does count, but only if you've been earning it consistently for at least two years. Lenders average your overtime across the last 24 months, which means a few high-earning months won't move the needle much...
