Stated Income Loans are Ideal for Real Estate Investors

by mylenderjackie | Dec 2, 2019 | Loan Programs, Stated Income Loans

Stated income home loans used to be widely available before the recession in 2008. And although we’re not back to the subprime mortgage bust, and hopefully never will be, these loans were extremely valuable and they’re making a huge comeback. In 2010, the...

Tailored Pre-Approval Letters Can Help in a Bidding War

by mylenderjackie | Nov 25, 2019 | Purchasing a Home

We talked about the benefits of a pre-approval letter and how it makes you a more qualified buyer when you present this letter to sellers when submitting an offer. But, a tailored pre-approval letter can actually help you win a bidding war. Here’s what I mean. A...

Stated Income Loans 2019

by mylenderjackie | Nov 20, 2019 | Stated Income Loans

We are nearing the end of 2019 and before 2020 starts, you might want to consider jumping on the stated income loans 2019 bandwagon. This is a great opportunity for those that are self-employed or may not be able to prove all of their income to get a home loan. If...

How Do Down Payment Assistance Programs Work?

by mylenderjackie | Nov 7, 2019 | Loan Programs

Down payment assistance programs were created to make homebuying more affordable but how exactly do they work? Nearly half of Americans say the down payment is the hardest part of buying a home. There are a lot of low down payment options such as VA loans and FHA, but...

Is it Better to Get a 10, 15, 20 or 30-Year Mortgage?

by mylenderjackie | Oct 29, 2019 | Refinance Your Home Loan, Loan Programs

Is it Better to Get a 10, 15, 20 or 30-Year Mortgage? There are so many options out there for homebuyers when it comes to a mortgage. Not only are there different options when it comes to the loan itself such as an FHA, USDA, conventional or VA, but the terms of the...

Are You Getting All 5 Tax Breaks for Homeowners?

by mylenderjackie | Oct 24, 2019 | Homeownership

Whether you’re preparing your taxes for next year or considering buying a home, it’s important to understand all of the potential tax breaks you can get by being a homeowner. With the new Tax Cuts and Jobs Act, fewer Americans will need to itemize the...

Is a 20% Down Payment Really the Best?

by mylenderjackie | Oct 14, 2019 | Loan Programs

A common question for home buyers is how much should they put down on a house? But it really depends on the buyer, current financial situations, and credit history. Not every situation works for every mortgage option. If you’re a buyer with a lot of money saved...

5 Reasons Your Loan May Not Be Approved

by mylenderjackie | Oct 7, 2019 | Credit

There’s nothing more disheartening than realizing your home loan has fallen through or you can get approval for a home loan. It really comes down to these five reasons why a lot of buyers feel to get their mortgage approved. #1. Low credit score. Now, I...

Should I Look at Homes First or Apply for a Loan?

by mylenderjackie | Oct 1, 2019 | Buying

I hear a lot of agents telling buyers to apply for a home loan before looking at any property but is this always the best direction? I have found that applying first and looking at homes second only works about half of the time. The reason for this being that buyers...

Top Mistakes Many First Time Buyers Make

by mylenderjackie | Sep 23, 2019 | Buying

The last thing we want is to have regrets after buying such a large purchase, a home. If you’re like a lot of consumers these days, you’ve done your research, you’ve become educated, and you understand a little bit more about the home buying process....