How much do you need to buy a home? Often times clients are familiar with the down payment requirements. However, many are not as familiar with other cost that they should plan for. This week we talk about what would be homebuyers should expect. If you are in preparing to buy a home, my team […]
This week I talk about how we determine how much of a home you may be able to qualify for. There are more factors that go into determining your eligibility. I cover some of those details so you can have a better understanding of what options you may have. If you are would like to […]
This week I talk about collection accounts and credit utilization. These two areas have a significant impact on your credit score. Paying attention to these items can help to optimize your credit score. That increases your odds of loan approval and will help you get better loan terms. In the market to buy a home? […]
This week I talk about credit scores and differences in scoring models from different sources. I also give some quick tips on how to maximize your credit score. You can opt-out of pre-screened credit offers by using this link www.optoutprescreen.com. In the market for a home loan? My team and I would love to help you. […]
We are back at it! Finally some new episodes and this week we jump right into it. Many clients wonder if now is the best time to buy a property or if they should wait. I cover a number of reasons why I think now is still a great time to buy a home and […]
Good news for clients who are looking to purchase or refinance a second home or investment property. In March 2021, the Federal Housing Finance Agency, put in place a series of changes that impacted clients who were looking to finance a second home or investment property. These changes resulted in a large increase in rates […]
See important update by clicking here. On March 11, 2021, Fannie Mae and Freddie Mac (two largest sources of conventional mortgages) gave lenders notice of pending changes for Investment Property and Second Home mortgage loans. This letter gave lenders notice of an initial tightening of requirements for investment property and second home mortgages. All loans […]
Getting a mortgage while being self employed can be challenging. Add a global pandemic into the equation and you can see where it can become even more fun (a healthy dose of sarchasm never hurts). When it comes to qualifying for a mortgage, lenders will look closely at your ability to repay the loan in […]
I often times get asked by clients about a bi-weekly mortgage payment option. Often times these questions come as a result of a client receiving a solicitation in the mail to sign up for a bi-weekly mortgage payment plan. These plans promise thousands of dollars in savings and on the surface look great. By paying […]
AS OF JULY 2021 – THIS FEE HAS BEEN REMOVED BY THE NEW FHFA DIRECTOR. Last week the Federal Housing Finance Agency imposed a new fee for American Homeowners looking to refinance. This fee was implemented immediately and added significant cost to American Homeowners. The two largest buyers of home loans are Fannie Mae and […]