You may wonder why mortgage lenders are very competitive as it relates to mortgage rates. First, they must be competitive in price along with a strong reputation in the community, service and communication. You won’t find one mortgage lender...
In 1934, the Federal government passed the National Housing Act as part of the “New Deal,” which was President Franklin D. Roosevelt’s massive plan to provide relief from the Great Depression, relief that would come, it was hoped, through...
This subject will require a detailed response to give you a clear picture of all the ins and outs of restricted stock unit (RSU) use on a loan application, but the short answer is, yes! Under certain circumstances, you...
A Brief History in Time Mortgage lending has made some dramatic changes over the past few years and when you include the period beginning in 2000, there have some rather wild swings regarding loan approvals. Mortgage lenders often change lending guidelines...
With home prices on the rise, especially in markets like New York and San Francisco, it’s common for mortgage loan amounts to exceed the conforming and high balance conforming loan limits as set by regulation. These loan limits often...
Sometimes in the dead of winter, homeowners start to think of making some changes to their home. Just to freshen up the place and move some things around. Maybe upgrade the kitchen with new appliances and while they’re at...
Mortgages can be complicated, with lots of confusing terms and acronyms that seem like they come from another language. But you don’t need to be a real estate agent or a lending professional to speak the language of mortgages....
If you are a new or established medical practitioner this program is for you! Qualifying for a home loan can be difficult when you have enormous student loan related debt on your credit report, but this product will give...
There are two types of home buyers, those who want to buy an existing home in an established neighborhood or subdivision and someone who wants a brand new home that’s never been lived in before. New construction vs. existing...
When we think of loan qualification, we think of credit scores, debt-to-income ratio, and annual salary totals from a steady career. We rarely think of the money locked in an Investment Retirement Account (IRA), 401(k), or Keogh retirement account. For...