By Carrie Courtillet

Jul 17, 2024

What Credit Lines Are Included in Your Pre-Approval Evaluation? 

When applying for a pre-approval for a mortgage, lenders will evaluate various credit lines to determine your creditworthiness and ability to repay the loan. These credit lines typically include revolving lines of credit such as credit cards, personal loans,...

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By Carrie Courtillet

May 23, 2024

Does Taking Loans Against Your Retirement Account (401K) Affect What You Qualify For?

When evaluating your options for mortgage financing, it is important to understand how borrowing against your retirement savings can impact your overall financial situation. Borrowing from retirement accounts is often a way borrowers pay for their downpayment...

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By Carrie Courtillet

May 1, 2024

Main Street Home Loans, a Division of NFM Lending, Earns Prestigious Recognition from Mortgage Executive Magazine

Main Street Home Loans is thrilled to announce that Mortgage Executive Magazine has recognized NFM Lending and its Family of Lenders as the 15th largest retail housing lender in the United States. This significant achievement highlights the company’s...

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By Carrie Courtillet

Apr 30, 2024

What is Included in Escrow Account, Including Amounts (# of months) at Closing?

An escrow account is a common part of the home buying process, but many people may not fully understand what it entails. In simple terms, an escrow account is a separate account held by a third party to pay for property taxes and insurance on a home. The...

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By Carrie Courtillet

Apr 10, 2024

How Long is a Credit Report Good For?

For the purposes of obtaining a mortgage, a credit report is typically considered valid for 120 days, as this is the standard timeframe in which lenders and financial institutions will consider the information to be accurate and up-to-date. However, this does...

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