Good Morning! A word about forbearance… If you have a job and things are still good for you and your family please don’t request a forbearance. Not only will this also contribute to the crippling of the mortgage market, but you may be doing unintentional harm to yourself. The credit bureau will report the…
Good Morning! Stock market halted trading this morning due to profound sell off. Mortgage rates are going down… If you have thought about refinancing to lower payment and/or term – this is a good time to do it. Let us know how we can help you. Thanks! Brett Get Pre Approved For A Loan HereMy…
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! 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! I get asked this question allot by borrowers… “My spouse doesn’t have very good credit, but can I use her income on my loan application?” Answer: “No.” If we ad the spouses income, then we have to take his/her credit too. In fact, they would become an equal borrower on the loan. If…
Good Morning! If you are self employed and can’t use your tax returns to prove income there are loan options for you. You can use your bank statement deposits to prove income. We have 10% down bank statement loans for purchase and refinance with good credit. Let us know if you are in this situation.…
Good Morning! A good credit strategy is important. Knowing simple things to implement to improve your credit scores is half the battle. Here are a few easy ways to improve your credit scores… 1) Did you know a single credit card late payment can ding your score by as much as 60 points? a) Helpful…
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 your 2018 tax return, but you can’t give it to him or her because you filed an extension. Easy! …You give your loan…
Good Morning! You may have been told by your loan officer that you have to remove the disputes from your credit before they can underwrite your loan. Removing disputes can be time consuming and expensive. For Conventional loans, there is really no way around this. You will have to remove them. However, for FHA…
Good Morning! I’ve touched on this before, but I had this come up the other day, and thought I might touch on it again. When you sell a personal asset such as a car or boat to raise money for a down payment to buy a house here is what you will need to show…