Tag Archive for: mortgage financing

First-Time Home Buyers Guide to Loans: Idaho

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Idaho adds an extra layer of excitement to the adventure. Known for its expansive natural beauty, friendly communities, and a cost of living that's inviting to many, Idaho stands out as an idyllic setting for laying down roots. This guide is tailored specifically for Idaho first-time home buyers, offering essential insights into navigating the Idaho housing market, understanding the variety of Idaho home loan programs, and settling into the distinct Idaho lifestyle. If you're searching for houses for sale in Idaho, you're not just looking for a place to live, but a place to thrive. Let's explore the steps and strategies to make your dream of Idaho homeownership a reality.Read More

Hard Money Loans: Are They Worth It?

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Hard money loans are an easy and fast financing option, but they are not for everyone. Here is everything you need to know to decide if they are the right option for youRead More

Why Loan Officers Don’t Use Their Own Company For Financing; No Loan Officer Models

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Other Loan Officers Came To Me For Mortgages Prior to the 2008 Mortgage Meltdown, ironically, a major source of business was other loan officers coming to me for mortgage financing. […]Read More

Mortgages For DACA Status Recipients (FHA & Conforming); Honey vs. Vinegar

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Can DACA Recipients Get a Mortgage? FHA now allows DACA recipients to obtain FHA mortgages. DACA stands for Deferred Action for Childhood Arrivals. You can read more about DACA here […]Read More

The Requirements To Purchase A Home With A Mortgage

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Are you considering buying a home and plan on using a mortgage loan to help finance your purchase? If so, there are some requirements you should be aware of before you start the process. Buying a home is a significant investment that most often requires mortgage assistance to finance such a large purchase. To secure a mortgage, you will need to be pre-approved and meet the specified requirements. Read More

Returning To Work After COVID Layoffs; Job Seasoning

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One of our clients just returned to work after a six-month-layoff and her agent asked if and when she could qualify for mortgage financing. In light of that, I thought […]Read More

Are Mortgage Lenders Better Than Banks?

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There are many reasons why choosing a local mortgage lender to buy or refinance a home is best. Working with a trusted local mortgage lender can ensure that homeowners get the highest level of customer service and the best deal when applying for a loan.Read More

Bankruptcies Up; How Long Do They Have to Season for Mortgage Financing?

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In another indication that we are at the tail end of a business growth cycle, Bankruptcy (BK) filings are increasing even though the economy remains relatively strong. BK filings were […]Read More

Income Taxes Owed Is OK; Tax Liens Must Be Paid Though

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This is a quick reminder that borrowers can still obtain mortgage financing even if they owe income taxes.  But, a payment plan with the IRS must be in place. For FHA, […]Read More

Myth: Self-employed Borrowers Need 2 Years of Income; 1 Year Often OK

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We often have borrowers with ample income but who only recently became self-employed. For example, we have a young Realtor who is doing extremely well this year but had no […]Read More

Appraised Value Higher than Contract Price? Irrelevant

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We are financing a condo purchase in Newport Beach and the appraisal came in $13,000 over the contract price. This was a big surprise, given the strength of the current […]Read More