Why is my escrow account negative?
Your escrow account might be negative due to increased property taxes or homeonwer's insurance premiums, an underestimation
Can my mortgage be declined because my credit score dropped after going under contract?
Maybe. Most mortgage lenders run a refersh of a credit report a few days before closing.
Can I get a mortgage with no credit score?
Yes, borrowers with no credit score are still eligible for mortgages. The process might be more difficult and require alternative documentation, but options exist.
Where are mortgages recorded?
At a local government's land record office. This could be in your town, city or at the county court house. Every community is different of where the documents are recorded.
Do mortgage underwriters use gross or net income for qualification?
It depends. For most mortgage approvals, underwriters use the gross monthly income for W2 (non-self-employed) borrowers.