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...

How Does a Mortgage Loan Officer Get Paid?

by mylenderjackie | Jul 1, 2019 | Buying

Many first-time homebuyers and borrowers ask how a mortgage officer or lender gets paid? Well, let me break it down for you so you understand all of the details involved in a real estate transaction or refinance. Mortgage officers or loan offers are typically paid by...

How to Go From Renting to Owning

by mylenderjackie | Jun 24, 2019 | Homeownership

Making the Move from Renting to Buying Welcome to the real world. Are you ready to be homeowners? It is a big step to go from renting to owning. There are a lot more responsibilities but you are gaining equity for the future, saving money for yourself and developing a...

Can Your Lender Offer Legal Advice?

by mylenderjackie | Jun 17, 2019 | Purchasing a Home

You may often find real estate attorneys that are also licensed brokers or agents but you usually won’t find a mortgage officer that is also practicing law. A real estate attorney can conduct a real estate transaction from the purchase and sale agreement to...

Can I Refinance if I’m Self Employed?

by mylenderjackie | Jun 12, 2019 | Refinance Your Home Loan, Stated Income Loans

The stated income home loans or self-employment home loans are a great option for anyone that is self-employed but I’ve been asked a lot frequently if self-employed individuals can refinance under this type of loan. Sometimes qualifying for a mortgage can be...

YOU MAY BE A WINNER! And Other Ridiculous Bank Adverts

by mylenderjackie | May 13, 2019 | Purchasing a Home

I’m sure you’ve gotten them in the mail, those advertisements and marketing ploys that say you may already be a winner or you may already be qualified yada yada. How do they know if you’re a winner or if you’re qualified? Well, they...

What Are Some Low Down Payment Mortgage Options?

by mylenderjackie | May 6, 2019 | Loan Programs

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...

VA Loans Extremely Beneficial to Military

by mylenderjackie | May 1, 2019 | Purchasing a Home

One of the biggest concerns for the military now in California is the question of affordability. Some people have bought into the myth that the VA loan limit in California is far less than the median price of a home This thought actually is really just a myth. The...