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The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.
ARCHIVED BLOG POSTS
2015
When the Fed speaks, the mortgage world braces themselves. But this time the result was ok – so far!Mortgage rates, so far, have barely moved from where they were prior to the Fed rate increase. Normally, mortgage interest rates rise when the Fed increases their federal funds interest rate but ...
12/31/2015
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The Commerce Department reported on Wednesday that Housing Starts in November rose 10.5 percent from October to an annualized rate of 1.173 million units; this was above the 1.135 million expected. The big jump in November nearly erases the 12 percent decline from September to October. Single-fam...
12/16/2015
Check out this success story! A little known tip which licensed Real Estate Agents can take advantage of is using their commission as down payment for the purchase of their own home.We just had a closing on new construction for a buyer using near the loan size limit for an FHA loan (County limit...
12/14/2015
Under 640 score, over 55% debt ratio, VA home loan purchase that needs to close in 33 days? No way? Yes, Way!! So often there are times when someone has some hurdles to overcome when purchasing a home and our team is one that will figure out a way to make the loan work if it can be. We were j...
12/08/2015
“Do you want to put that on your charge card for a special discount?” or “If you open a charge card with us, you will save 30% off of today’s purchase!” is what you will hear at every department store you visit over the holidays. Sounds great, right?Not when it comes to credit scores! There are...
12/08/2015
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Do you have limited, but good credit and want to buy a home with little to no money down?Our USDA guaranteed loan guidelines will allow for us to add nontraditional credit to a thin credit file in order to get approval for the buyer.Check out these 2 USDA loan approvals for very limited, but good...
12/07/2015
211,000 new jobs were created in November, above the 196K expected, while September and October were revised higher by a total of 29K. The report also showed that the Unemployment Rate remained at 5%, a 7 year low, which was inline with estimates. Average hourly wage growth rose 0.2%, which was ...
12/04/2015
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The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.