Your property tax bill usually comes out in late November, or early December. There are two issues I see every year with regard to property taxes. …Issues that put people in tough spots. 1) Some people who have non escrowed loans just don’t have the money saved up to pay their property taxes. …They might…
If you haven’t owned a home in the last three years and you want to purchase a home you should consider the MCC tax credit. How MCC works in a nutshell… You take 20% of the mortgage interest you pay each year – and you are allowed to claim that 20% as a dollar for…
Sometimes a borrower needs a simplified way to prove their income. Did you know we have a VOE (Verification of Employment) only program that is considered full doc? This program is for borrowers that work for a company and get a W-2. You don’t need pay stubs, or w-2’s, or tax returns. The VOE is…
I wanted to address the two most common questions that I get regarding reverse mortgages… Question: What happens if I die? Will the lender be taking my house? Answer: No. After You Pass Away, Your Heirs May Pay The Loan Balance In Full With Cash Or By Refinancing The Debt And They Can Keep…
I wanted to highlight an underused program in the mortgage market. …It’s Freddie Mac’s Home Possible. Here are some highlights of this great program… – 97% financing! – Only .25% mortgage insurance rate! …compare to .55% for FHA and over 1% for 95% Conventional. – No reserves required. – Allows 3% seller contribution. – There…
If you are looking for a home in the outer suburbs or in a rural area make sure your realtor knows about this great USDA 100% financing program. -Up to 100% of the Appraised Value – Total LTV of 102% – -No Down Payment Required -No Cash Reserve Requirement. No cash contribution requirement -Unlimited seller…
We are helping alot of people with this no money down program… Most Down Payment Assistance is tied to your income. If you make too much money you don’t qualify for the Down Payment Assistance. Not this one. It doesn’t matter how much you make. So, if you have at least a 600 credit score,…
Would you like to buy a nice home in the country or an outlying suburb with no money down? Here’s a program that might work for you… It’s called USDA, and here are some details on this program… -Up to 100% of the Appraised Value – Total LTV of 102% – -Difference of sales price…
Most Down Payment Assistance is tied to your income. If you make too much money you don’t qualify for the Down Payment Assistance. Not this one. It doesn’t matter how much you make. So, if you have at least a 600 credit score, and you have been working for the last two years, you may…
In Texas we have some unusual rules when it comes to getting cash out of our homes. For owner occupied residences, we are limited to 80% max loan to value ratio. When it comes to a divorce, if one spouse is keeping the house they will often have to pay the departing spouse their share…