Author Archives: nuevamortgages

Did you know mortgages can come with some special features? Yeah, neither did I, not until I decided to become a trusted mortgage professional. Sometimes, we all need things to be a bit more flexible for them to work for us.  Here are some of the special features that can be included in a mortgage.Continue reading “Different Mortgage Features”

There are many components to a mortgage application that almost feels like common knowledge; however, as your trusted mortgage professional, I’ve compiled some quick and easy, and yet, lesser-known tips that will help you with the mortgage approval. Guarantor A guarantor is somebody who helps with the application by agreeing to guarantee that payments areContinue reading “Lesser known things to help secure a pre-approval”

When verifying applicants for their employment status, it can be assumed that they have at least one source of income.  As your trusted mortgage advisor, I’m here to say that there are other types of revenue that can be considered eligible income towards your mortgage application.  The following types of income are eligible for aContinue reading “Applying for a Mortgage: 101 Other common forms of employment income”

So, you’re in the middle of doing your research on how apply for a mortgage and you come across these new terms and acronyms – TDSR, GDSR and LTV.  You start to think, “oh no, I have to learn all these new things too?”.  As your mortgage specialist it’s my job to save you theContinue reading “Simplified Definitions of Acronyms – GDSR – TDSR – LTV”

One of the most, if not the absolute most important aspects of a mortgage application is the borrower’s credit.  We all know what a credit score is, we’ve all heard of it when applying for any type of loan and if you’re savvy and conscious of your score, you probably check the credit apps onContinue reading “The Five C’s of Credit”

The guidelines vary for the salaried employee vs the self-employed. While a salary and an employment letter work well for securing a mortgage, the requirements for those that are self-employed are just a bit more elaborate. When applying for a mortgage, there are different guidelines when you’re an employee vs. self-employed with your own business. Continue reading “Applying for a Mortgage 101: Employed vs. Self-Employment”