Category: Interesting

These days, so many people are disputing accounts directly with the credit bureaus or by using a credit repair company.  A little know aftereffect deals with credit disputes remaining on the reports.  Thus, mortgage lenders may not be able to use the credit report or credit score for a mortgage approval. Why Credit Disputes Causes The Following Problems […]

Just in our office we see so many different mortgage scenarios and we have always taken pride in knowing a large array of mortgage products.  We don’t just take the cookie cutter loans.  We tackle the difficult situations for the good of our client and we make sure that the product our borrowers choose is […]

USDA Home Loans Farm Rules Check the property up-front to see if USDA considers it a farm USDA will not allow a property to have income producing buildings or land such as for farming.  You would think that US Department of Agriculture would be fine with this but they are not for their Rural Development […]

There are a lot of ways to pay off a mortgage early or quicker than the agreed upon terms.  Below are several ideas to consider when trying to pay off a mortgage. Refinance to a shorter term mortgage: 10 & 15 year terms offer lower rates than 20 or longer terms and will help save a lot […]

The most common need we see among buyers these days is a great low or no down payment mortgage solution.  There is a little known affordable payment, low to no down payment option available with us through the NC Housing Finance Agency (NCHFA).  Earlier in 2014, NC Housing Finance Agency unveiled the NC Home Advantage product which […]

Bonus Entitlement for ARMY | NAVY | AIR FORCE | MARINES | COAST GUARD | NATIONAL GUARD | RESERVES | SURVIVING SPOUSE Yes, it is possible to have a VA loan on one property and use another VA loan to purchase a new primary residence.  It seems that many active military, Veterans, Realtors, and mortgage lenders are […]

There are so many reasons families may have to live separately for at least part time.  Military families are used to this because of training, floats, or being called to action.  But even after separating from the service, Veterans may need to live separately from the rest of the family.  Often the reason is for […]

So many Americans believe paying bills on time is all that is needed for an excellent credit score.  Although that is an important factor, there is another factor that is just about as important.  As the title says, you are a number so you may as well have a good one!  Right?  That is why […]

Sound to good to be true?  VA home loans are often the most flexible loan product when it comes to renting a current home to buy another.  These days if someone wants to rent out their current home and then purchase a new primary residence, most mortgage loan products will potentially count 75% of the new rental […]

All buyers want to find a good deal on a home, so many go the route of purchasing foreclosure homes.  Therefore HUD homes for sale are very popular for many buyers.  Not only are they usually priced below market, but there are also great loan options.  The official name for FHA foreclosures is HUD REO […]

Social Security disability income protects individuals no longer able to work at the same prior level.  In the past lenders had difficulty in meeting a mortgage loan approval.  This requirement included proof that the income “should” continue for at least 3 more years from closing.  But now this practice is not allowed as per the […]

Did you know that a retired borrower can use a new distribution of income from a retirement account as qualifying income for a mortgage loan as long as the income from the asset should continue for at least 3 years?  Sometimes a buyer may not have enough social security or pension to qualify for a […]

We Understand a Pastor’s Nontaxable Income You are going to say “Amen, it’s about time someone understands my income!”.  Because our team fully understands how the pastor housing allowance may be counted for mortgage loans.  So whether you are a pastor, priest, or reverend, often you receive nontaxable income. But the problem is that lenders won’t count a large portion of […]