Hello! Did you know we have programs to help ITIN borrowers? An ITIN borrower will live and work in the U.S., but will not have formal U.S. residency status. Here are some features of our ITIN loans… No Social Security Number Needed Loan Amounts Now Up To $1.5M Primary Residences, Second Homes &…
Hello! I wanted to give you a quick breakdown of how your credit score is calculated by the credit bureaus… 35% – Payment history The credit bureaus look at your payment history on all your accounts; the length of your positive credit history and how long you have gone without a negative item; whether there…
Product Spotlight: If you or someone you know have thought about getting a Reverse Mortgage, you or they may have run into a problem… If you have a more expensive home it’s hard to get a Reverse Mortgage. 99% of all Reverse Mortgages are done thru FHA. The problem is, if your home is worth…
Hello! I’ve written about this before, but it’s important, so I wanted to touch on it again. Before you go house hunting make sure you have enough money available to get your loan approved and your house closed. …I know it sounds simple, but many people don’t realize the number of funds they will need…
Hello! I had this situation come up again last week, and I wanted to address it again with you… Did you realize that when buying a house from an immediate family member – the buyer doesn’t have to come out of pocket for a down payment? (As long as it’s an owner occupied residence for…
Hello! 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…
Hello! This tax deduction can hurt you when it comes time to get a mortgage. If you have a W-2 job, and you are considering getting a mortgage here’s something to keep in mind as tax season approaches… The deductions you take on Schedule A for “unreimbursed job expenses” will come out of your adjusted…
Hello! If you are considering a USDA loan there are two things you should be aware of… 1) There are geographic restrictions. Not every area is eligible for USDA financing. The best thing to do is enter the address of the home or area you are interested in and see if it’s eligible for USDA…
Hello! We have many people apply for mortgages that have recently changed jobs. Here are a few things to keep in mind if you or someone you know is about to change jobs and apply for a mortgage… 1) If you are getting transferred from one location to another, but with the same company you…
Hello! I wanted to let you know how the major mortgage programs treat Chapter 7 bankruptcy… FHA: 2 years from discharge date, but not less than 12 months w/extenuating circumstances. VA: 2 years from completion date. USDA: 3 years from discharge date. Fannie Mae: 4 years from discharge date, or dismissal date. Freddie Mac: 4…