Good morning! For you Doctors out there… We have a loan just for you. The advantage of the doctor loan is that you can get a bigger loan at a higher loan to value ratio than people who aren’t doctors. A normal conventional loan maxes out at 453k in Texas. A doctor loan can go…
Good morning! 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…
Good morning! 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…
Good Morning! When it comes to bonus income there are three things to be aware of when you are getting 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 the bonus or overtime…
I sent this to you about a year ago, but I wanted to get it to you again. It’s a Special Report on how to purchase a home with a Reverse Mortgage. This Report gives you three real-life examples of exactly how others used this unique program to buy their dream homes. You’ll also learn…
If you need more cash to finalize a real estate transaction and decide to sell an asset, such as a boat for example, here’s how to do it, and properly document for your mortgage company… You must create a bill of sale reflecting the date of sale, an asset to be sold, and the sales…
Good Morning! Here’s a nugget for those of you that owe money to the IRS… Did you know that if you have a monthly payment plan with the IRS we can include the monthly payment in your debt to income ratio as if it were any other debt? …so, it’s possible to get a mortgage…
Here are some helpful tidbits of information you need to know about the USDA loan program… If you are looking for a home in the outter 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…
You know if you pay just a little bit extra each month on your mortgage payment it can have a huge savings for you. …and, shave several years off your mortgage. I created the table below to illustrate the savings. This is based on a 30 year $100,000 mortgage at 4% interest. Extra Payment Monthly…
Mortgage rates creeping up are finally having an affect on application volume. According to the Market Composite Index mortgage applications feel by 6.6% last week. If this trend continues it could also lead to a slowing of house value appreciation. I’ll continue to monitor it for you… That’s it for today! Have a good day!…