Credit Score Requirements for Attorney-Specific Mortgages

Excellent credit score graph in front of a young man showing he has excellent credit

Despite the credit score requirements for attorneys, Attorney Mortgage can help you qualify for a loan. However, it is important to understand the Fair Credit Reporting Act, what your credit score consists of, why you should take steps to improve it, and how you can begin the process.  The Fair Credit Reporting Act The Fair…

Read More

How Attorneys Can Prepare for an Interest Rate Change

Wooden model house with red sign percent representing preparing for an interest rate change

Potential home buyers often wait for interest rates to drop before they apply for pre-qualification. Mortgage rates may fall into a normal pattern this year after several years of highs and lows in the housing market. So how can you prepare for an interest rate change? Attorneys shopping for a new home are able to…

Read More

How Banks and Government Insurers Affect Attorney-Specific Loans

House made out of $100 bills

Mortgage rates change all the time – sometimes daily. Economic or political climate, supply and demand of property, and other events can make rates fluctuate. Your credit score, income, available cash for down payment, or your debt-to-income ratio can play a role in getting the best possible interest rate for your home loan. But mortgage…

Read More

Securing a Mortgage as a Solo Practitioner: Tips and Challenges

scrabble tiles spelling the word "mortgage"

Securing a mortgage as a solo practitioner or a self-employed attorney is possible, but it might require a few extra steps. Attorney Mortgage can help you prepare and manage the approval process for a home mortgage.  Self-employed vs Employed Mortgage lenders typically ask for verification of income, such as the last two years worth of…

Read More

Should I Buy a House on Short Sale?

house on short sale

Home sellers are sometimes motivated to sell a home because of financial difficulties, divorce, or the death of a partner or spouse. If they are lagging behind on mortgage payments, they may look at a short sale option instead of facing foreclosure. According to a Statista report, about 0.23% of American homes were in foreclosure…

Read More

Do I Need an Appraisal When I Buy a New Home?

person with clipboard which says real estate appraisal

When you get ready to buy your new home, a home appraisal is part of the loan approval process. If you are a newly degreed attorney, an established attorney looking for a first home, or if you are ready to refinance your home, Attorney Mortgage can help you understand the residential appraisal.  What is a…

Read More

Do I Really Need a Home Inspection?

Home inspector standing on a ladder and providing an inspection to the roof of a house.

After you find the home you like, and your offer to purchase is accepted, your real estate agent will talk to you about your home inspection. This is typically scheduled as quickly as possible. Attorney Mortgage recommends a home inspection as this will help ensure that there are no major problems with your new home. …

Read More