Headquartered in Miami Lakes, Florida, BankUnited continues to exist despite Chapter 11 bankruptcy filed by its former holding company, BankUnited Financial Corporation, in 2008. The seizure of the bank by FDIC and subsequent transfer to a new holding company, BankUnited, Inc., was regarded as one of the largest bank failures in recent time. Founded in …
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First Republic Bank specializes in offering personalized relationship-based service through its loan officers and brick and mortar branches. The bank has locations in California, Oregon, Massachusetts, Connecticut, New York, and New Hampshire. It also has an online presence and allows users to transact with the bank through a secure website. Among the residential lending products …
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You might be pre-approved for a home loan. But the final approval depends on the home appraisal report, which is presented by a certified appraiser appointed by your lender. What does a home appraiser do and how the appraised value of your home can affect a mortgage underwriting process? Let us understand the basics of …
Sounds strange? The personal financing market has made a comeback and is growing at a rapid pace. The market is also witnessing the emergence and rise of an entirely different kind of personal lending platform known as peer-to-peer lending (P2P Lending). Why a Personal Loan instead of a Mortgage Loan? That’s all right. But why …
U.S. Bank is one of the ten largest banks in the United States in terms of assets and the number of branches. Headquartered in Minneapolis, The bank offers a wide variety of financial services in 25 Midwestern and Western states through more than 3,000 branches and over 5,000 ATMs. The home mortgage department of the …
Bank of America foreclosures are real estate owned (REO) or bank-owned properties, which are maintained by professional asset managers and listed in major property search listings across the nation. You can check with the bank’s REO department or use other resources to find a residential or commercial property that you can easily afford to buy. …
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Financial analysis is an important step to determine homeownership capability. You get to know whether or not you can afford a home, and if yes, then how much you can afford. Budgeting, on the other hand, can help you save and make homeownership affordable for you. The mortgage underwriter, too, takes a closer look at …
The mortgage underwriting process has become stringent post subprime loan crisis. The underwriter looks in detail in every aspect of your financial life, seeking explanations of everything that might cause you to miss a payment in future. The ability to make mortgage payments on time is known as capacity, which can be vital for a …
While going through the different steps of home buying, you will come across a number of institutions that are in existence to help borrowers and home buyers. Even when you are learning about mortgage, you will get to hear the names of institutions and agencies that play important roles behind the mortgage process. HUD An …
Mortgage learning is easy with numerous resources, online as well as offline, available right at your doorstep. There are federal and state governments’ institutions offering advice and educational material for free and private organizations that might charge a fee for homebuyer learning classes. Online education programs are usually free, but you need to pay for …