The Time Crunch for a Loan
It’s an interesting time for those of us who have been in the home loan business for awhile. It wasn’t that long ago you could bring a loan in on Monday and get it closed by Friday of the same week. There are times that is still happening but it is farther and fewer between. [...]
Have a Great Memorial Day Holiday!
Memorial Day is a very special holiday. Most people just appreciate the fact that we get another paid day off work. However, this is a day that we get to thank those who are still with us and those who have since past on for their sacrifice and bravery for us and our country.
This is [...]
Need a 203K?
203K’s are getting harder to find these days as lenders struggle to get loans underwritten and closed. However, there are some companies that are actually flourishing and the 203K is a good part of their overall mix of loans. These companies are looking forward at what can be done with the bank owned properties (REO) [...]
The Income Dilemma
One of the things that have drastically changed over the past several years is the tracking of income. This comes into play for all people who are self employed or make compensation in the form of commissions or tips. For those some who are self employed, including commissionable earners, are caught between taking legitimate expenses [...]
What to Watchout for When Refinancing
The banks and mortgage companies have done such a great job selling the public on the advantages of a low interest rate that people allow the rate to be what drives them to refinance their loan. And while getting a lower interest rate is a good thing, you must weigh the cost of the refinance [...]
Housing Sales are Increasing Monthly
The stats for housing across the US through March are looking very good. I’m sure they are picking up here as many of my associates and colleagues have been and continue to be busy with both refinances and new purchase business. I would attribute the business to three things;
- continued low interest rates
- first time [...]