Buy now, pay later: How do mortgage pros deal with ‘phantom debt’?
Philip Crescenzo Jr., Southeast division vice president at Nation One Mortgage Corp., said he sees lenders estimating the borrower’s assets and comparing them to the BNPL loan balance. “There are a few ways that [...]
How to Split a House in a Divorce
Start preparing as soon as you can if you think you'll choose this option, advises Phil Crescenzo Jr., vice president of the Southeast division at Nation One Mortgage Corporation in Summerville, South Carolina. Check [...]
FHA vs. conventional loans: What’s the difference?
“The biggest difference between FHA and conventional would be the down payment. FHA rates typically are lower and more flexible for less down,” says Phil Crescenzo Jr., vice president, southeast division, for Nation One Mortgage [...]
Ducks in a Row: Typos, bottlenecks and other missteps can create costly delays
Thirty to 60 days. That’s how long the average mortgage approval can take, according to Realtor.com. In some cases, it can take even longer. For mortgage originators, these delays can increase costs by extending rate [...]
Home equity loan limits to know
"Most lenders want to stay close to 80% or less than 90% CLTV, but there are some exceptions and alternative options in some scenarios that may allow higher CLTV percentages," Phil Crescenzo Jr., vice president [...]
‘The new normal sets in.’ 5 pros on where mortgage rates will go in May — and beyond
That may be happening a bit now. Phil Crescenzo Jr, vice president of the southeast division at Nation One Mortgage Corporation, adds there was a recent increase in mortgage applications. “This shows that homebuyers [...]
