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...
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Can I Still Buy a House with Low Income?
I love, LOVE talking to people wanting to buy a house, and especially for the first time. I love problem-solving and figuring out solutions that will really work for my clients, and not just immediate but for the future too. I want all my clients, whether they are...
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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Do Reverse Mortgages Put People at Risk for Losing Their Home?
Often referred to as America's most hated home loan, reverse mortgages are actually making a comeback and they're not as risky as a lot of people think they are. There's a lot of common misconceptions about a reverse mortgage, the main one being the fear of losing the...
read moreShould I Buy a House or a Condo?
The decision to buy either a house or condominium comes down to personal preference and the type of house you want to maintain. Condos can be easier on the maintenance but higher on the homeowner association dues because of that lack of maintenance. However, both have...
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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...
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What Happens if the Appraisal Comes in Too Low?
You've chosen to buy a house or maybe you're refinancing and everything's going along great. The inspection has passed, things look like they're moving forward, and then you get the appraisal back. Oh no! The appraisal came in lower than expected. Now, what do you do?...
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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.