Here is another interview with Kwasi Jenkins, who shares with us the loan definitions everyone needs to know, why they need to know it, and how knowing it will make getting their mortgages smoother. Terms this will help you understand are:
What are Conforming Vs Non-Conforming Loans?
What are Assets?
What are Liabilities?
What is a Letter of Explanation and how should I use it when obtaining a mortgage from the bank?
If you're getting a divorce, how does that effect your loan application?
"As Is" Appraisal Vs. "Subject To" Appraisal
And many more!!
Kwasi's previous interview on obtaining a mortgage and working with the loan processor and underwriter:
Please remember, if you want to submit a question, please send and email titled "Audience Question" to LisaPhillipsREI@Gmail.com If it doesnt say that, its easy for me to overlook it as SPAM and get deleted.