Latest Articles

Not All Rates Are Created Equal

The rise of interest rates this year ushered in more and more loan options, news articles and conversations about where rates stand and where they are going. It’s easy to read or hear something with a number like 4%, 5%, 6%. One number doesn’t tell the whole story, whether it’s in the media or when […]
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Credit Score: What makes up your FICO score

Your credit score can mean the difference between qualifying for a home loan or being denied.  Even more so, it can impact the interest rate you might qualify to receive.  So, what makes up your credit score? Your FICO score is a three-digit number generated by a mathematical algorithm using your prior payment history as a benchmark, […]
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Reasons why a mortgage application is denied

Redfin recently feature E5 Home Loans’ Owner, Larry Cappelletti in an article on underwriting.  Larry’s guest contribution discussed reasons why a mortgage application might be denied.  There’s some great info in the following excert and things to watch out for in the process. To read the entire article, visit Redfin Income, assets, and credit history […]
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How Much Can I Afford?

There’s common sense and there are lending requirements when you go to determine how much home you can afford to buy.  We strongly encourage borrowers to set their own limit on a monthly payment amount before even beginning to get prequalified.  By analyzing your budget, income and monthly bills, you will set your comfort zone […]
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The Value of a Second Opinion

The value of a second opinion has a real dollar amount. This is the story of a real client’s second opinion and why it can be critical to talk to more than one lender when shopping for a mortgage. We want to start by thanking Stephanie Olson for allowing E5 Home Loans the opportunity to […]
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Clues About the Condition of the House

Things You Should Look For When Shopping For a Home Before looking at houses, decide if you’re willing to make any major repairs that might be needed, such as structural, roofing, or plumbing.  Pay attention to clues on the condition of the house before even placing an offer or get an inspection done.  Maintenance issues […]
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The E5 Zero-Zero Offer

As you might have guessed from “Zero-Zero,” you get something for nothing. And you’re right.  At E5, we believe in shopping your home loan for the best fit loan program with a great interest rate. Most important, we don’t include a bunch of crazy fees. The value of a second opinion A homebuyer recently contacted […]
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