When Should We Get Pre-Approved for a Mortgage?

by mylenderjackie | Sep 10, 2019 | Loan Approvals

Being preapproved before looking at homes is always the correct way to do things when buying a property but when should you get preapproved, why, and what is it? Being preapproved with a lender is more than simply typing in your income in a mortgage calculator online...

What Will it Cost You If You Wait to Buy?

by mylenderjackie | Sep 2, 2019 | Buying

I speak to a lot of real estate agents that have issues with buyers waiting to buy. Obviously, we know the prices consistently go up over the years even if there are drops here or there but what is really the difference if you buy now versus waiting until next year?...

Common Real Estate and Mortgage Terms

by mylenderjackie | Aug 26, 2019 | Purchasing a Home

The world of real estate is vast and can get confusing, especially of you are a first time home buyer. Just the language and terms alone in real estate can be enough to have the average person confused when buying or selling a home. When trying to purchase or sell a...

Is the Housing Market Cooling Off?

by mylenderjackie | Aug 22, 2019 | Buying

It seems that houses are not flying off the “shelf” as they did just 3 to 4 months ago so what is exactly happening and what does that mean for buyers and sellers now? Late spring and summer are typically some of the busiest times in the US housing market...

Common Sense Reasons to Buy a House with a Mortgage

by mylenderjackie | Aug 16, 2019 | Buying

There may be plenty of reasons to buy a home whether it’s expanding your family, wanting to grow equity, or just want something that will appreciate in value. Buying may be right for an individual or it might not be. There are some benefits and common-sense...

FAQ for Self Employed Home Loans

by mylenderjackie | Aug 6, 2019 | Stated Income Loans

Frequently asked questions on self-employment home loans or stated income loans. Question: How good does my credit have to be? Answer: You need a minimum credit score of 600 to be eligible for a stated income self-employment home loan. Past credit issues may be okay...

What is a No Doc Mortgage?

by mylenderjackie | Jul 30, 2019 | Stated Income Loans

Before the housing crash in 2008, a popular alternative to the traditional mortgage was called the Ninja mortgage which stands for “no income, job, or asset verification. This is also referred to as a no doc mortgage. Now while this might seem a little crazy,...

Home Loans for Fixer Uppers – 203K Loan

by mylenderjackie | Jul 22, 2019 | Loan Programs

If you are considering buying a home that needs a little bit of TLC, an FHA 203K loan might be the best option. An FHA 203K loan also sometimes referred to as a re-help loan or construction loan, allows the borrower to finance two major items in one, the house itself,...

What to Expect When Financing a Rental

by mylenderjackie | Jul 18, 2019 | Purchasing a Home

Planning on buying a home for rental or investment purpose? There are certain things you should know about the financing process. It’s a little bit different than buying a home you’re going to occupy so it’s important to know the terms, the rates,...

VA Loan Limits Eliminated

by mylenderjackie | Jul 8, 2019 | Loan Programs

The National Association of Realtors and the Department of Veterans Affairs have recently eliminated the conforming loan limit on a VA loan. The Blue Water Navy Vietnam Veterans Act now allows homebuyers to borrow above the 2019 limit of $484,350 without any down...