Happy Valentine’s Day to all of you beautiful people out there! I was thinking of sharing my most embarrassing Valentine’s day story, but instead, I will tell you about the Family Opportunity Mortgage. The Family Opportunity Mortgage allows families to buy a home for a family member who cannot qualify for a mortgage on their […]

Getting a grasp on what a buyer wants to pay monthly is sometimes the difference between getting a client or losing them. Realtors ask many questions when you meet a client, and many of those clients think they can buy a $700,000.00 house with 5% down and have a payment at $3500.00 per month, which […]

If your buyer doesn’t have a credit score, they may still be able to qualify for a mortgage by demonstrating alternative sources of creditworthiness. Requirements may vary depending on the lender and the type of mortgage they’re seeking, but some common ways to verify creditworthiness without a credit score include: Proof of steady income and […]

The Federal Reserve raised interest rates by just .250% yesterday, and many Bond traders feel this could be the last raise and that the next move could be to lower rates. The markets have reacted well, and 30-year Mortgage rates have dropped quite a bit since mid-day yesterday, bringing us to our lowest levels since […]

As we continue down the loan program row, I wanted to talk about Non-QM Mortgages today. Non-QM Loans are not your Standard Fannie / Freddie/ FHA / VA conventional loans, and they require a larger down payment and are generally for people who can’t qualify for your standard mortgages. The rates are a bit higher, […]