A no doc mortgage is not the reckless product it was before the housing crisis. The true no-documentation loans of the early 2000s are gone, replaced by a smarter generation of programs that verify...
First-time homebuyers will appreciate the new FHA guidelines for condo buyers because they promote affordable and sustainable homeownership.
Four years of dorm fees or off-campus rent adds up fast, and none of it builds equity. If you have a college-bound child, there is a financing structure worth knowing about: the kiddie condo loan. It...
Whether you're a first-time homebuyer in the Lone Star State or looking to refinance your current mortgage, understanding the ins and outs of FHA loans in Texas can help you make an informed decision.
Before you write an offer on a condo, there is one question worth answering first: is the complex FHA approved? The answer affects your down payment, your rate, and how many other buyers you are...
There are three ways to look really old: Never wear sunscreen (guilty) Frequently reference the “killer U2 concert” you saw at the Red Rocks Amphitheater in 1983 (“Dude, I like totally...
I frequently see posts about FHA becoming America’s new subprime crisis waiting to happen, particularly regarding down payment assistance loans that allow borrowers to buy a house with very little...
Learn how an FHA Loan in Illinois can open the door to homeownership with low down payments, flexible credit requirements, and expert guidance. This guide covers everything from understanding FHA...
I met a wealthy developer who bought an entire 600-unit condo project after the 2008 meltdown for about $21 million ($35,000 per unit).
Real Estate Agents – Here are some extremely important reminders about first-time homebuyer interest rates. I have been in the mortgage industry since 1994, and for 25+ years, I would […]
FHA Single Unit or Spot Approvals continue to enable us to get financing for non-warrantable condos. Our condo team just got another single-unit condo approval in a complex that was not...
In December, I wrote this blog: This Is Huge: FHA Spot Approvals Work For Non-Warrantable Condos. Well, I’m hitting it again because it has become even “huger.”
One of our most lucrative and beneficial (for borrowers) loan programs is on the chopping block – and it will be both very costly and painful. The program is called SPCP which stands for Special...
Explore the differences between Mortgage Insurance Premium (MIP) and Private Mortgage Insurance (PMI) in this concise guide. Learn about cost structures, cancelability, and key benefits to make an...
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