This BLOG On First Time Home Buyer Questions On How To Qualify For Mortgages Was UPDATED And PUBLISHED On June 15th, 2020 Buyers who are a first time home buyer, chances are they will have many first time home buyer questions May not know where to start or who to ask First time home buyers…
This BLOG On TRID Mortgage Regulations For Mortgage Lenders And Borrowers Was UPDATED And PUBLISHED On June 10th, 2020 TRID Mortgage Regulations: What Is TRID? Borrowers going through the mortgage loan application processnow have heard of TRID Regulations that went into effect on October 3rd, 2015. The mortgage industry is extremely regulated and once we…
This BLOG On Condominium Financing Mortgage Lending Guidelines On Purchases Was UPDATED And PUBLISHED On June 6th, 2020 Condominium Financing Update: There are new Condominium Financing Mortgage Lending Guidelines On Warrantable Condo Purchases. There have been changes that Fannie Mae has made with Condominium Financing Update that may affect condominium home buyers Most homebuyers do…
This ARTICLE On Qualification Requirements On 2 To 4 Unit Mortgage Loans Was Updated And PUBLISHED On May 15th, 2020 Multi-family that consists of 2 to 4 units are considered residential properties. Home buyers can qualify for an owner occupied primary residence mortgage loan with a two to four unit property Qualifying for 2 to…
This BLOG On Condo Hotel Mortgage Rates Was Updated And PUBLISHED On April 23rd, 2020 Not too many lenders will finance a Condotel. Condotel Financing has much tougher terms than other types of mortgages Condo Hotel owners who has their current Condotel Loan with big banks like J.P. Morgan Chase are probably paying Condo Hotel mortgage rates of…
This ARTICLE On Home Seller Mistakes When Choosing A Real Estate Agent Was UPDATED And PUBLISHED On March 23rd, 2020 Julie Hayward Explains About Home Seller Mistakes When Choosing A Real Estate Agent: Selling a home should be similar to other business transactions, but often sellers make emotional, impulsive decisions that cost them time and…
This BLOG On Purpose And Fundamentals Of Homeowners Association Was UPDATED On January 27th, 2019 There are certain homes that belong to a community such as gated communities. Many neighborhoods have isolated communities Some are gated while others are not These communities often have Homeowners Association Residents elect a President There are board members consisting of…
This BLOG On Tops Reasons Why Mortgage Loans Do Not Close On Time Was UPDATED And PUBLISHED On January 23rd, 2020 The majority of mortgage loans close on time once a borrower is pre-approved. However, there are cases where why mortgage loans do not close on time or why mortgage loans do not close at all….
This BLOG On Home Loan With Mortgage Charge Off Lending Guidelines Was UPDATED And PUBLISHED On August 14th, 2019 Home Loan With Mortgage Charge Off: The United States Department Of Housing And Urban Development (HUD), the parent of FHA, has the most lenient mortgage guidelines when it comes to qualifying for a home loan with mortgage…
This BLOG On What Happens If Credit Scores Drop During Mortgage Process Was PUBLISHED On July 5th, 2019 A Borrower’s credit scores are what determines whether or not the borrower qualifies for a certain mortgage loan program. There are minimum credit scores guidelines to qualify for FHA, Conventional, VA, USDA Loans, and Jumbo Mortgages FHA minimum…
This BLOG On Comparison Of 15-Year Fixed-Rate Versus 30-Year Fixed-Rate Mortgage Was Updated On July 3rd, 2019 Of the two mortgage term options is the 15-year fixed-rate mortgage or 30-year fixed-rate mortgage period better? There are benefits of 15-year versus a 30-year fixed-rate mortgage These are the two common periods over which people choose to pay…
This BLOG On Home Purchase With Prior Bankruptcy And Foreclosure Was UPDATED On June 7th, 2019 How To Qualify For Home Purchase With Prior Bankruptcy And Foreclosure: For those folks who want to purchase a new home with an FHA Loan, but had filed a prior bankruptcy, there is a mandatory waiting period of 2 years…
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