Quick Guides

Recession, Rates, and Real Estate

Recession, Rates, and Real Estate

Below is a link to a presentation on recessions that we recently used in a lunch and learn. Please click through the presentation to get answers on the below topics. What is a recession and what can history teach us about recessions? Is a recession likely in the next...

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Student Loan Guidelines…

Student Loan Guidelines…

A growing number of people are currently dealing with student loans.  Some are making the maximum required payments, and others may be paying as part of an income based repayment plan. Others may have their loan in forbearance or deferment. If you are not currently...

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How TRID impacted the mortgage industry

How TRID impacted the mortgage industry

The mortgage industry is going through a lot of dramatic changes that affect the mortgage process. The government has created stricter rules regarding documentation.  As a buyer, it is important that you are educated about these changes and know what to expect.  If...

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Requirements on mortgages and maternity leave

Requirements on mortgages and maternity leave

Maternity leave from work is generally short in duration and borrowers on temporary leave may or may not be paid during their absence from work.   Employment Requirements. If a lender is made aware that a borrower will be on maternity leave at the time of closing...

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Student Loan Payments Guidelines

Student Loan Payments Guidelines

FHA has taken away the option to not count student loan debt against borrowers if the student loans are deferred or in forbearance, effective September 14, 2015. Mortgage Application with Contracts Before 9/14/2015 Will use actual documented loan payment If deferred...

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All loans are subject to credit and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. Whitecap Mortgage LLC, 210 S. Mill Rd., Ste. 104, Kennett Square, PA 19348. Phone 484-222-2620. Corporate NMLS#1847550 (nmlsconsumeraccess.com). Licensed by the Pennsylvania Department of Banking and Securities, Delaware State Banking Commission, and Maryland Department of Labor.