Latest Articles

Divorce and qualifying income for a new mortgage

Determining qualifying income is Part 4 of E5’s Divorce Mortgage Guidance series. Regardless of the spouse, qualifying for a new mortgage requires consistent and ongoing income that can be verified. For a purchase, the source of the down payment funds also needs verification. We review various scenarios and pitfalls. Qualifying Income To calculate income, lenders […]

Divorce – where will you live?

One of the most significant questions when considering divorce is “where will you live?” E5 developed this multi-part series on navigating the credit, income and home financing process during divorce. E5 Home Loans Divorce Mortgage Guidance Series Part 2 – Divorce Housing Scenarios – Retaining the Marital Home Part 3 – Divorce Housing Scenarios – […]

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, […]

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 […]