Are you buying a home from a family member? Family transactions may have pluses for both the buyer and seller. A major benefit to buyers is a gift of equity. So what is a gift of equity? It is a little known rule which allows equity in a family member’... Read More
Student loan debt and payments play a large role in buyers qualifying for a mortgage loan. With escalating costs of a college education, many graduates carry the heavy burden of debt. Luckily there are many programs providing student loan payment relief. But w... Read More
It is no secret that student loans cause debt ratio issues when qualifying for a home loan. While mortgage lending hasn’t caught up with student loan debt payment options, there are great solutions available. So let’s share creative ways millennials... Read More
FHA loans are well known for helping buyers obtain a very affordable house payment. Well FHA, one of the most popular loan programs, just became even cheaper because HUD lowered FHA PMI rates for the 2nd time in 2 years. The Federal Housing Administration will... Read More
So has the lending world scared you into believing your credit score is your whole meaning in life? Obviously it isn’t, but it does play a very important role in key areas of life. Some you may surprise you. Credit scores could determine insurance rates, ... Read More
Well, 2016 is over and what a year it was! The real estate market had a great year which was supported by very low rates and an improving economy. As a mortgage lender, we try to do more than just close mortgage loans. Providing education is a cornerstone ... Read More
VA home loans are such a great way for our military to affordably finance a new home. The benefits are many and our service members deserve it. We also feel that education and answering questions for Veterans and Service Members is key. Some of the most pop... Read More
Everyone hears the credit advice flying in the mortgage process. Examples may include “You need to pay off all your debts!”. “Close your unnecessary credit cards!”. Too often we see clients do things like these that hurt their purchase ... Read More
USDA Commitment Done Right! We love USDA loans! Not only are buyers able to purchase with no money down, but it is flexible on credit. On top of this, USDA just made homeownership more affordable effective 10/1/16! This was accomplished by USDA drastically lowe... Read More
Mortgage Process from A to Z Are you a first time homebuyer or been a while since you last purchased a home? Then, we have prepared a comprehensive summary of what to expect from prequalification to closing. Therefore, we describe each step of the mortgage proce... Read More
Check Out The Latest
- Gift Letter for Mortgage: Requirements for Who, What, and How MuchSeptember 21, 2017 - 7:16 pm
Buying a home is the American dream for many and there are a lot of programs available to accomplish this dream. But what happens when the buyer needs a little extra funds in order to purchase? That is where a gift can be very beneficial. Although it is important to understand gift requirements such as […]
- Everything You Need to Know About Purchasing Rental PropertySeptember 14, 2017 - 9:47 am
Whether it is a vacation rental or long term rental, buying rental property could be a big step towards financial freedom. According to the National Association of Realtors, buying a rental or investment property actually accounts for approximately 20% of purchase transactions lately. A benefit for investors that are able to buy rentals is that […]
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