First Priority Financial

Mortgage Acronyms Explained

Ever wonder what all those acronyms stand for? Here's our guide to the ones you'll likely see during the loan process

New Home Data for 2014

Here's a recap of construction and sales of new homes in 2014 Click to enlarge


Which Loan Fits You?

Having trouble figuring out which loan type is right for you? Follow the flow chart to see what might be a good fit! Click to enlarge Download the PDF: Loan Program Flow Chart
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Do You Know The TRID Closing Disclosure Triggers?

New disclosures, new rules. Beginning August 1st, the Closing Disclosure will go into use, along with its own set of timeframe requirements. The Closing Disclosure must be received by the borrower 3 business days (any calendar day except Sunday or legal public holidays) prior to the consummation ...
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Ten Credit Do's and Don'ts To Bear In Mind Prior To Getting Your Mortgage Loan

How can a fully approved loan get denied for funding after the borrower has signed loan docs? Simple, the underwriter pulls an updated credit report to verify that there hasn't been any new activity since original approval was issued, and the new ...
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Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?

Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job ...
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