Big Savings for First-Time Homebuyers: Understanding Loan Level Price Adjustments (LLPAs) If you’re a first-time homebuyer, you may qualify for significant savings thanks to recent Loan Level Price Adjustments (LLPAs) changes. These fees, charged by Fannie Mae and Freddie Mac on conventional loans, are now waived for eligible first-time buyers with household incomes under approximately […]

Self-employed borrowers typically face stricter income documentation requirements when applying for a mortgage. Fannie Mae and Freddie Mac, the government-sponsored enterprises that purchase conforming and high balance loans, generally require a two-year history of self-employment. However, specific exceptions may allow borrowers to qualify with less than two years of self-employment or with limited documentation. Here’s […]

When there is a hot property, some agents like to pull out all of the stops, have their clients pay cash for a property, and have them refinance immediately. This is called a Delayed Financing Option from Fannie Mae and Freddie Mac, and it can be a powerful tool. This strategy allows clients to access […]

Divorce can be a tricky time for everyone involved, especially when it comes to real estate. Clients going through a divorce are often focused on emotional and logistical issues like dividing property, child custody, and figuring out who gets what. But as real estate professionals, we have to dig a little deeper. One of the […]

Many of you have clients or know families where adult children live at home or rent in expensive areas. With home prices still high, affordability is a big challenge. And let’s be honest – renting is waste of money unless they rent from me. When parents have home equity that can be leveraged to help […]