Latest Articles

5 Feb 2021

Mortgage Preapproval Affect on Credit Ratings

Does Shopping Around for a Mortgage Preapproval Hurt Your Credit Rating? For serious home shoppers, especially in competitive housing markets, it isn’t enough to be prequalified. You also need to be preapproved for a loan amount equal to or greater than the price of the home you’re considering (minus the down payment).  That said, stringent […]
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9 Jun 2018

Is your Condo Project in Litigation?

Good News for Condos with Minor Litigation with Fannie Mae and Freddie Mac:  If the lender determines that pending litigation involves MINOR matters with no impact on the safety, structural soundness, habitability, or functional use of the project, the project is eligible provided the litigation meets one or more of the following conditions: non-monetary litigation […]
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6 Jun 2018

Understanding Your Debt Ratio

When you are filling out a mortgage application, the lender will be asking you for specific financial information. One of the reasons they ask for this information is to enable the underwriter to calculate your debt ratio, also known as DR or DTI for “debt to income ratio”. The debt to income ratio is what […]
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Copyright © 2021 | C2 Financial Corporation | NMLS# 135622 | Licensed to Do Business in the State of CA | This licensee is performing acts for which a real estate license and mortgage lender license is required. C2 Financial Corporation is licensed by the California Department of Real Estate, Broker # 01821025; Maryland Commissioner of Financial Regulation; NMLS# 135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional, and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of CA and MD. C2 Financial Corporation has the ability to broker VA loans based on their relationship with VA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.

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