I always get the question, “How does a Bridge Loan work?” The next question is, “How much does a Bridge Loan cost?” Let’s talk about those subjects with you right now, as Bridge loans or getting approved for a Bridge Loan is prevalent! A Bridge loan allows a person who owns a home to extract […]

Today we will discuss the 740 credit score category and what that does to your interest rates with the LLPA changes. I will once again touch on the LLPA fees going into effect yesterday or sometime soon as the rate sheets don’t necessarily reflect this right now!   Buyer Betsy is looking to buy a […]

I want to touch on the LLPA fees going into effect next week with conventional loans and give you some workarounds! Granted, many of the cookie-cutter lenders out there will not think of this, but I am always looking out for our clients! A 640-659 credit score has the largest discrepancy regarding down payment vs. […]

There has been a lot of talk lately about the Loan Level Price Adjustments (LLPA’s) going into effect on May 1, and I am just smiling and shaking my head! The first chart is the best I have seen, but I want you to know that when I started in the mortgage business 33 years […]

Mark-to-market is an accounting method used to measure the value of an asset based on its current market price or fair value. This contrasts historical cost accounting, where assets are recorded at their original purchase price. Mark-to-market is commonly used for financial instruments like stocks, bonds, and derivatives, as their market value can fluctuate frequently. […]