When we talk to clients and pre-approve them for loans, we run into many scenarios and need to decipher what an underwriter would think and whether or not we believe the scenario will get approved. Below are a couple of examples of what we see every day and have to decide whether these people should […]

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 […]