What Does Underwriting Mean When Buying A House?

What does underwriting mean when buying a house? This video breaks down what an underwriter is, and what they do. It also goes through the loan process from an underwriting perspective. Underwriting mortgage loans is a complicated process that involves a lot more than just handing in a few documents. So what does underwriting mean? It's a process where the underwriter reviews your loan file, compares it to current lending guidelines, and determines if the risk associated with lending you money is offset by your particular loan scenario--to include debt to income ratio, credit score, job history, available assets, appraisal, insurance, title, etc..

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Company NMLS 2438205
My Website: www.musketeermortgage.com
Application Link: https://2438205.my1003app.com/1416990...
Licensed in the following States: KY, IN, FL, MN, AR

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