Is FHA 100% right for you?
If you’ve been hesitant to buy a home because you don’t have enough money for a down payment, it’s worth considering a new option, the 100% FHA mortgage. The FHA now offers a 100% financing option that could make homeownership possible. What Is It? Traditionally, FHA loans require a 3.5% down payment. With this new…
Read More1/0 Buy Down: How It Works
Understanding the 1/0 Buydown: A Mortgage Option to Consider When looking at mortgage options, it’s easy to get lost in the jargon. One term that may come up is the 1/0 Buydown, which is a strategy some lenders use to help borrowers manage the initial years of their mortgage payments. So, what exactly is a 1/0 Buydown?…
Read MoreExotic Loans- Lets Talk Bank Statements For Self Employed People
In this upcoming series of blog posts we will discuss unusual and exotic loan programs that might not be for everyone, but will help some people who wouldn’t otherwise qualify for a loan. Today, we will talk about Bank Statement Programs and explain: Why these programs exist How they work How you qualify What they…
Read MoreThe Best Buying Opportunity In Years!
If you’ve been looking for a house and wondering if now is the right time to buy, the answer is, from a financial perspective, a resounding yes! This is the best buying opportunity we have seen in years! The 10 year treasury just dropped to it’s lowest point since September 2017, Click here for link …
Read MoreWhen should I consider a refinance?
Refinancing your home can make sense for many different reasons, including, but not limited to: Lowering your interest rate Reducing your PMI Restructuring your debt obligations Building equity Changing the type of loan you are in Introduction It’s funny- I’ve been in the real estate industry for about 15 years now, and I’ve heard it…
Read MorePodcast With Lucas
First podcast
This is our first ever podcast, Shelby is trying to teach an old dog new tricks. We are just sort of goofing around and testing our equipment and if I’m smart enough to figure out how to embed a podcast.
Read MoreWhy Should I Get A Good Prequalification From A Local Lender?
A good prequalification from a local lender has numerous advantages that will make sure that you end up with the best possible home buying experience You will be able to tap into a local team with local knowledge to make sure everyone in the process supports your needs We will listen to you and help…
Read MoreCan I Afford to Buy a House? Part 2- Debt to Income
Calculating the Income Portion of the Debt To Income Ratio Introduction The Debt to Income Equation Best Case Scenario for maximum debt to income by loan type Whose income do I get to count in the calculation? How do I figure out how much income I get to count? How long do I have to…
Read MoreCan I Afford To Buy A House? Debt to Income Ratio
Calculating The Debt Portion Of The Debt To Income Ratio Introduction The Debt to Income Equation Best Case Scenario for maximum debt to income by loan type What counts as debt and what doesn’t count as debt How to figure out the 5 inputs of your house payment Student loan calculations A little bit about…
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