Here are two quick credit tips for you… 1) 30% of your score is made up of the ratio between your available credit vs your actual balances on revolving credit accounts (like credit cards). You don’t want to charge these accounts over 50% of the available balance, and it’s even better if you can keep…
Good Morning! It’s very hard to get a Conventional loan approved with a debt to income ratio higher than 45%. I wanted to give you one little trick you can use to help out with your debt to income ratio. …Use lender paid mortgage insurance – have your mortgage lender pay your mortgage insurance in…
Good Morning! I get asked about how a no cost refinance works sometimes. So, I made a video for you to show you exactly how it works. Here ya go… https://youtu.be/17odpcsyGGA That’s it for today! Thanks for reading! Brett Get Pre Approved For A Loan Here My Previous Blog
Good Morning! I get asked about “Deed In Lieu” sometimes. A Deed In Lieu is where you beat the mortgage company to the punch… …and give the mortgage company back the house before they have a chance to foreclose. People ask me how a Deed In Lieu would affect their credit. I tell them that…
Good Morning! Here’s a USDA tip for you… One of the things to keep in mind is that USDA has family income caps. In other words if you make too much money you won’t qualify for a USDA loan. Here is the link to check the income for your area… Important: USDA goes by total…
Good Morning! Before you go out house hunting make sure you have enough money available to get your house closed. …I know it sounds simple, but many people don’t realize the amount of funds they will need available to get into a house. Here is a simple breakdown of your out of the out of…
Good Morning! If you get bonus income please be aware of how the mortgage company will treat that income when you try to get a mortgage. 1) We can’t use bonus income or overtime income unless you can prove you have been receiving this income for 2 years. 2) The employer has to indicate that…
Good Morning! I’ve written about this before, but we have more and more people passing the age 62 threshold, so I wanted to show you how to buy a house with a reverse mortgage. I had a borrower that was recently retired, and now living on a fixed income. They owned their home free and…
Good Morning! If you are needing a mortgage or in the mortgage process, and you have any disputed credit accounts – this could be problematic for you. I just made a short video on how to get a loan without removing disputes on your credit accounts. So, if this applies to you or someone you…
Good Morning! We do loans for Foreign Nationals? A Foreign National is someone who is neither a US Citizen, or a permanent resident. Here are some aspects of the Foreign National program… 80% LTV for Second homes & Investment Properties Purchases ( 1 year full doc or asset depletion) If no US credit, minimum credit…