Bank Statements are the New Stated Income Loan
Back in 2007 and 2008 during the subprime mortgage bust, stated income mortgages were a thing, but they tended to get people into a lot of trouble and made it possible to buy homes they really couldn't afford. But, with a little bit of finesse, revising, and a lot of...
read moreNot as Much Deductions? How the 2018 Law Affects Homeowners
Every year when I do my taxes I can't wait to add in those itemized deductions. I start off with a large number to pay and slowly whittle that down, but this year, those deductions didn't get me very far. So what's going on? 2018 taxes were a little scary for some...
read moreWill My Credit Score Affect My Chances of Getting a Home Loan?
A lot of us think that that credit score, that end-all/a be-all number is really the deciding factor on whether or not we can get a loan. Any loan or for that matter be it a car loan, student loan, appliance loan, or financing just about anything, but that score, that...
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What You Need to Be Ready for Your Home Loan Application
How to Prepare for a Home Loan Application Planning for home ownership is just as important as homeownership itself. Being prepared from the beginning can put you in a better place overall not only now but in the future. Nobody wants to purchase a home only to be...
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What Are Some Low Down Payment Mortgage Options?
For first-time homebuyers or those with not a lot of down payment, you might be looking for options for a mortgage. Are there options that provide either zero or low down payment alternatives? If you can't come up with a 10% or 20% down payment, as most first-time...
read more3 Extremely Important Things You Should Know About the Housing Market
The housing market is always a hot topic, especially if you're planning on buying or selling. But, it can be a bit confusing to understand what's really going on out there with home prices, the real estate market, and interest rates. Here are three really important...
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How Will the Government Shut Down Affect Mortgages?
Here we are several days into a government shutdown and many people are wondering what impact that will have on real estate, the housing market, and the mortgage process. For many people, dealing with the government shutdown interrupts our life in several ways and can...
read moreHow to Determine Fair Market Value
One of the key questions that potential sellers typically ask an agent is, “What is the market value of my home?” Determining fair market value requires experience, knowledge, and honesty in finding accurate comparable sales. In answering this question, I attempt to...
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Welcome to my Blog!
Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.