Renovation Loans – Why Renovate?
Are you considering a distressed property, fixer-upper, or home in need of some repairs? Homes that need a little work or updating can often be a great bargain turned investment, …
2019 Updated Loan Limits
It is a new year. New opportunities, new resolutions, and new loan limits! New, higher loan limits mean you can purchase more of a home with a traditional mortgage instead …
Student Loan Guidelines…
A growing number of people are currently dealing with student loans. Some are making the maximum required payments, and others may be paying as part of an income based repayment …
Why credit scores are different and which ones to trust
I had a conversation yesterday with a client about credit. I had reviewed their credit and was going over their report and scores with them. And then, the common reply …
Information Regarding an 80/10/10 and when to use it
Several of my clients are buying new construction homes. This sometimes put them in a unique situation because typically the builder wants to see a mortgage approval prior to starting …
Financing options for obtaining a Second Home
Have you always dreamed of owning a vacation home? It’s not a decision to be taken lightly, but if it is something you’ve always wanted, the means for making that …
Qualifying Debt to Income Ratios
A major factor in qualifying for a mortgage is the borrower’s debt to income ratio (DTI). When calculating your debt to income ratio, you first add up all of your …
For the second time buyers…
Some of my conversations with second time home buyers start off with uncertainty of where they should begin. Particularly the ones who currently still own their first home. While some …
Converting Your Current Home into a Rental Property
I have many potential home buyers looking to convert their current home into a rental property so they can buy a new home. The first thing a lender will ask …
Guidance on locking your rate
It’s all about risk. Between the times you start your application and the time you close your loan, interest rates will do what they always do – change. At times, …