Ability to Repay


Myth 1 – Automated Underwriting Systems (AUS) are optional.
Myth 2 – Private Mortgage Insurance (PMI) is good for the borrower.
Myth 3 – VA loans are too strict.
Myth 4 – FHA acquired dementia last year and forgot their mission statement to borrowers and increased their monthly mortgage insurance to ridiculous levels.
Myth 5 – There is no reason for borrowers to use FHA anymore.
Myth 6 – A good credit score can guarantee you a loan.