A common situation we run into is this: A homeowner wants to upgrade to a larger “forever home,” but they also own a rental property they’d like to use the equity from for the new purchase. The problem? If they sell the rental, they may owe large capital gains taxes, and that tax hit can […]

Hi Everyone,   So far this week, I’ve spoken with four buyers who are in the middle of a divorce, and each situation has been different. Honestly, I’m still sometimes shocked by what I hear about asset division and financial planning in divorce. As agents, you don’t need to be divorce attorneys, but there are […]

As we head into the spring buying season, the market is starting to heat up, and clean offers are winning again. We’ve already seen multiple buyers get offers accepted simply by going non-contingent, using a bridge loan instead of selling first. Interest rates are also about 1% lower than this time last year, which has […]

A profit & loss mortgage program is a powerful option for hard-to-qualify buyers! This loan program is designed for borrowers with high incomes who don’t qualify under traditional documentation. By using a Profit & Loss (P&L) statement instead of tax returns, we can help buyers qualify for a mortgage when conventional guidelines fall short.   […]

We are in a market where buyers are actively purchasing with the expectation of refinancing later when rates improve. That strategy can work extremely well if the loan choice is right from day one.   This is where we’re seeing a growing problem.   Many buyers are placed into FHA loans when they shouldn’t be, […]