Self-employed borrowers typically face stricter income documentation requirements when applying for a mortgage. Fannie Mae and Freddie Mac, the government-sponsored enterprises that purchase conforming and high balance loans, generally require a two-year history of self-employment. However, specific exceptions may allow borrowers to qualify with less than two years of self-employment or with limited documentation. Here’s […]

When there is a hot property, some agents like to pull out all of the stops, have their clients pay cash for a property, and have them refinance immediately. This is called a Delayed Financing Option from Fannie Mae and Freddie Mac, and it can be a powerful tool. This strategy allows clients to access […]

Divorce can be a tricky time for everyone involved, especially when it comes to real estate. Clients going through a divorce are often focused on emotional and logistical issues like dividing property, child custody, and figuring out who gets what. But as real estate professionals, we have to dig a little deeper. One of the […]

Many of you have clients or know families where adult children live at home or rent in expensive areas. With home prices still high, affordability is a big challenge. And let’s be honest – renting is waste of money unless they rent from me. When parents have home equity that can be leveraged to help […]

I heard that about 20% of the listings on the MLS in Santa Clarita are new construction, and builders are very controlling and generally give a credit if a buyer uses the in-house lender. Sometimes, the rates are inflated to cover the cost of the credit, and other times, the builder’s lender needs the loan […]