The latest posts and resources from the Loan Cabin Team
Resources
What Does a Mortgage Loan Processor Do?
Does the mortgage process overwhelm you? Do you wonder why you must talk to many people, like the loan officer, underwriter, and loan processor? It seems confusing, but it takes a team to underwrite and …
What Documents Will I Need for a Mortgage Pre-Approval?
If you’re serious about buying a home, you’ll need a mortgage pre-approval. When you’re pre-approved, you can start the house-shopping process in earnest! A mortgage pre-approval will help you nail down a budget and get …
What Are Points and Credits?
Are you negotiating for your dream house and trying to figure out the best mortgage that will get you the house you want? Mortgage points and lender credits can help you out. Here’s what you …
The 3 Most Important Numbers for Your Mortgage Application
The path to homeownership is filled with excitement and challenges. One of the most significant steps in this journey is understanding your mortgage application and the metrics that influence your eligibility and loan terms. While …
How Your New Home Can Affect Your Mortgage Pricing Options
Did you know that the details of a property can affect how much you can afford? Let’s say you’re looking at two homes that are both listed at $500,000. You might think that you could …
How Your Lender Sees Your Primary Residence vs. a Second Home or Investment Property
Did you know that a lender views your primary residence differently than they’d view a second home, and that an investment property is considered something else altogether? Should You Get a Steroid Shot for Cystic …
How to Get Rid of Mortgage Insurance
Tired of paying private mortgage insurance premiums? While PMI may have been a good thing at first—helping you to purchase a home that would have otherwise been out of reach—it starts to add up over …
How Do Mortgage Rates Work and How Can I Get the Best One?
Wondering how mortgage rates work and how you can get the best rate possible? This is one of the most common questions that we answer as mortgage loan consultants! It’s a smart question because your …
Get Ready to Refinance Your Mortgage
Are you intimidated by refinancing? Here’s what you need to know so that you can go forth with confidence! Contents1 First and Foremost, Ask Yourself Why You Want to Refinance2 Next, Get An Idea of …
5 Helpful Tips for Viewing Estimates and Comparing Lenders
Whether you’re preparing to apply for a new mortgage or considering refinancing your current one, it’s important to know how to compare lenders. This will help you get an accurate picture of how much you’ll …