Good Morning! What do you do if you are in the process of applying for a loan and you have filed an extension on your taxes? Your loan officer asks you for last year’s tax return, but you can’t give it to him or her because you filed an extension. Easy! …You give your loan…
Good Morning! The other day I had a borrower ask me if they could apply for a 30 year mortgage even though they were 78 years old. I can see why they asked this question. …The odds are they may not be around for another 30 years. Just so you know… It’s against the law…
Good Morning! Hey you guys! …changing it up this morning. Made a little video for you in an attempt to make you a smarter Mortgage shopper. It’s short, but I promise you will learn something… http://somup.com/cY1UI8QBM4 Have a great day! And, thanks for reading! Brett Get Pre Approved For A Loan HereMy Previous Blog
Good Morning! If you have an FHA loan that means your mortgage insurance is permanent. It will always be part of your payment. If you feel you have a 20% equity position or better in your property – it’s a good time to refinance into a Conventional loan to get rid of your FHA MI.…
Good Morning! If you are in the market for a house right now we are in a bit of an unusual time in the Mortgage world. Traditionally, FHA loans beat all other loans on pricing (particularly for low down loan options). However, this isn’t the case right now. Government insured loans are still priced high.…
Good Morning! Here’s an easy way to put down only 3%, pay no up front Mortgage Insurance, and get a very competitive rate… …It’s Fannie Mae’s 97% purchase product! Here are some of the important features of this product… 1) Owner-occupied primary residence only, for first time home buyers. 2) Minimum 620 FICO score. 3)…
Good Morning! Just a “heads up” – The Fed is meeting today at 2:30 easter time. They are expected to solidify their emergency bond buying plans, by essentially making it official policy for now. It’s hard to say exactly how the market will react to this, but it would be friendly to bonds, so I…
If you have recently been out of work, and now you are working again – here’s what you need to know to buy a house… I wanted to go over the FHA guidelines with you on a borrower returning to work in case you or someone you know is in this situation. There are just…
Good Morning! There are many people that just don’t know the USDA loan program exists. …and, next to VA it’s probably the best loan available. So, every now and then I like to restate the great aspects of this loan… If you are looking for a home in the outter suburbs or in a rural…
Good Morning! When congress passed the Covid-19 help plan one of the things they did was that they eliminated the burden to prove a hardship in order to file a Forbearance on your Mortgage. Some people that filed for Forbearance were truly in a hardship and needed it. Others weren’t in a hardship, and just…