We have reached the halfway point in May, and change is in the air. We are starting to see interest rates back down to the levels we were at in April and nearing the lowest levels since May of last year. Inflation is still the key reason rates have not dropped further, but I am confident we […]

I will go a different route today as I am teaching a bit today. Qualifying for a loan can be difficult with higher interest rates, higher insurance rates, and low inventory.   Debt-to-income ratios have not changed, and they sit at 47/56 for FHA financing, 50/50 for most conventional loans with good credit, and 45/45 […]

Happy Mother’s Day to all you moms out there! I know it’s early, but you probably won’t hear from me otherwise. One of the things that I pride myself on is the detail in which I explain things to clients, but it only sometimes registers. With interest rates still being on the high side, we talk quite a […]

Have you ever heard the saying, “You have one chance to make a good first impression?” Yesterday, I spoke with a potential client who had spoken to another lender. Unfortunately, the client was not in good health and is on temporary disability, which is not a valuable source of income unless you have a specified […]

A client who is in escrow on a property called me late yesterday. They were pre-approved by another lender. They are two weeks into escrow, and the listing agent is asking for the removal of all contingencies. The buyers were denied an FHA loan, and their agent sent them to me! I looked over their paperwork, and […]