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Will an Employment Gap Hurt My Chances for Mortgage Approval?

Will an Employment Gap Hurt My Chances for Mortgage Approval?

Employment history is a very important aspect of a mortgage application. Mortgage loans are usually for substantial sums of money and lenders want to reduce the risk that borrowers will default. One sign that a borrower will be consistent in making their

Mar 11, 2020 | Mortgage Advice

What Costs Can I Expect as a Home Seller?

What Costs Can I Expect as a Home Seller?

When you bought your house, the fees you paid included the closing costs for your mortgage, your down payment, and maybe some mortgage points. Now that you are ready to sell, there are a few more costs that you need to anticipate. In fact, according to Re

Jan 15, 2020 | Mortgage Advice

Is a Bigger Down Payment Always Better?

Is a Bigger Down Payment Always Better?

In the homebuying process, if you find yourself in the enviable position of having more cash than needed for a minimum down payment, it may be difficult to know just how much you should put down. A larger down payment can bring plenty of benefits, but is

Sep 25, 2019 | Purchasing a Home Preapproval Mortgage Advice

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Recent Posts

Facing Foreclosure? Here’s What You Can Do Now Should You Hold Out for Lower Interest Rates Before Buying a House? More Borrowers Are Putting 20% Down - Should You? Where Do Mortgage Lenders Get Funds for Home Loans? What Are the Financial Benefits of Owning a Home?

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Company NMLS# 70452

Paul Skeens NMLS# 7392

www.nmlsconsumeraccess.org

Licensed: MD 17542 DC MLB70452 FL MBR1384

Licensed by the Virginia State Corporation Commission

License #MC5185 & MLO-2351VA

Licensed by the PA Department of Banking

License #MB35217

By refinancing your existing loan, the total finance charges may be higher over the life of the new loan.

Phone: 301-932-4610

Fax: 301-500-1201

loan@colonialnetwork.com

3261 Old Washington Road Suite 1011
Waldorf, MD 20602

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