198 Search Results
198 Search Results
https://www.sofi.com/learn/content/mortgage-fraud/
Mortgage fraud involves lying or omitting information to fund or insure a mortgage loan. It results in billions of dollars in annual losses nationwide. In the second quarter of 2023, 0.75% of all mortgage applications were estimated to contain fraud, which is about 1 in 134 applications, according to CoreLogic. Rates of fraud were higher […]
https://www.sofi.com/learn/content/home-loans-on-disability/
Can a person on disability buy a house? Yes, if that aspiring homeowner’s income, debt, and credit qualify them for the house they want to buy. Lenders look at those factors for all applicants. Income can come from Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI), long-term disability from an employer or insurer, or […]
https://www.sofi.com/learn/content/jumbo-loans-for-self-employed/
Buying a house is an exciting milestone, but it can also be stressful — especially if you’re self-employed and have to jump through extra hoops to secure a loan. Self-employed borrowers may have even more difficulty when applying for a jumbo loan for a more expensive house. Below, we’ll walk through jumbo loans for the […]
https://www.sofi.com/learn/content/good-mortgage-rate/
Most people consider a “good” mortgage rate to be the lowest average current rate available. But here’s what they may not realize: Not everyone will qualify for the best rates out there. So what is a good mortgage rate? It can be different for every borrower, depending on their financial situation and credit score. Many […]
https://www.sofi.com/learn/content/how-does-mortgage-interest-work/
Mortgage interest is, simply put, the money you pay the bank for the service of lending you the amount you need to buy your home. Interest is expressed as a percent of the loan amount. It is usually rolled right into your monthly mortgage payment of the principal and interest. This means interest can be […]
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