Looking to Purchase a Condo? Read this first!

When starting the home buying process most consumers do not realize that the type of property they are looking for can have a big impact on what loan products they may have at their disposal. This point is illustrated best when talking about condominiums. Most buyers do not realize that there are certain restrictions that… [Read More]

Home closing: What happens on the day of funding?

July 30, 2018…Your mortgage: What is the day of funding? If you use a mortgage to buy a home, your home closing can’t happen before the “day of funding.” That’s when all of the lender’s “prior to funding” conditions have been met and the loan proceeds can be wired to the escrow account and distributed… [Read More]

What does “underwriting” mean? How to deal with loan conditions

Your mortgage application: underwriting and loan approval Once you submit a mortgage application, it goes into underwriting. But what does underwriting mean? Mortgage underwriters examine your application and documents to approve or decline your application Computers can approve mortgages, but human underwriters must verify that your documents match the information on your application Underwriters usually… [Read More]

Should You Put More Than 20% Down on a House If You Can Afford It?

July 13, 2018…The national average down payment is between six and 11 percent, with some home-buyers paying as little as three to 3.5 percent. But for some people, there’s an opportunity to put down more than the perceived-standard 20 percent. Should they do it? It might seem tempting, as your house is likely the biggest… [Read More]

7 Steps To Buying A Home

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June 11th, 2018: Along with paying down debt, building an emergency fund, and planning for retirement, buying a home is one of the most popular financial planning goals. With interest rates on the rise, you may be wondering how to buy a home as soon as possible. Here are some steps to take: 1) Get… [Read More]

How to choose the “right” Mortgage

Titles can be misleading. The title of this article should really read “How to choose the right mortgage…for YOU.” What is best for your friend or your sibling may not be right for you. They may be in a different point in their career or family life than you. They may be a better “saver”… [Read More]

3 WAYS PARENTS CAN HELP GROWN KIDS OWN A HOME

April 11…When responsible first-time homebuyers need help buying a home, the family bank sometimes can lend a hand. Younger homebuyers face a mountain of obstacles, including rising home prices and interest rates, too few homes for sale and unpaid college debt. Student debt is a major source of trouble. When the National Association of Realtors… [Read More]

We’re looking for Experienced Loan Officers

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Our Keys to your Success: Ability to lend in all 50 states without individual licensing. One of the most competitive payouts in the industry. Top Mortgage CRM system which is integrated with Encompass to keep in touch with your prospects and existing clients. Common sense Conventional, FHA, VA, Reverse & USDA Underwriting in house. Broker… [Read More]

PSA for Self-Employed borrowers

March 27…If you are self-employed and hear the following from your loan officer when going through the preapproval process you should RUN for the hills: What was your income? Why should these 4 words scare you? After all, loan officers ask this question of wage earners all the time. The answer is fairly straight forward…. [Read More]