RATE LOCK EXPIRATIONS & LOCK EXTENSION FEES ARE NOT COVID-19 RELATED

Not everything is a by-product of COVID-19, although that may be how it feels right now! When a Borrower opts to lock in their interest rate during the mortgage loan process, they do so for a defined period of time. … Continue reading

THE MYTH OF THE VA FUNDING FEE AND CLOSING COSTS

A zero down VA loan does not mean zero out of pocket when it comes time to close! There is a lot of misunderstanding when it comes to a VA loan, who pays what, and what costs if any are … Continue reading

CONGRESS RESTORES IMPORTANT TAX DEDUCTION

Good news for Borrowers who are paying mortgage insurance as part of their mortgage payment! Borrowers with adjusted gross income of $100,000 or less may deduct 100% of their mortgage insurance premiums on their federal tax returns for the years … Continue reading

LOOKING TO BUY A NEW HOME, BUT YOUR NEW JOB HASN’T STARTED YET?

Yes, it’s possible, however, lenders are looking for stable income when you apply for a mortgage so there are some key points to be aware of if you are in the midst of a job change at the same time … Continue reading

POT TALK: LENDABLE INCOME OR NOT

For a very long time, although people could legally work in the pot industry in states where pot had been legalized, those working in the pot industry have not been able to use their income to qualify for a mortgage. … Continue reading

TWEAK YOUR WITHHOLDING TAXES: MAXIMIZE YOUR NET INCOME

For some, filling out their W-4 form when they were hired is a distant memory, however, it does impact your net pay and it always makes sense to review for accuracy as the number of “allowances” claimed impacts your take … Continue reading

2020 CHANGES IN VA LENDING

As we roll into the new year 2020, VA is rolling out some significant changes that impact Veteran’s with full entitlement. VA is eliminating the loan amount cap that is currently in place and tied to conforming loan limits No … Continue reading

WHAT IS A NAME/ID AFFIDAVIT & WHY IS ONE USED?

A Name/ID Affidavit provides title companies with the information needed for them to differentiate between people with the same or similar names. The more common your name, the more likely you’ll get to experience this process! A part of the … Continue reading

COOKING WITH MICHELLE

If I’m not at work doing loans, you’ll more than likely find me at home cooking!  

 I love to entertain and I definitely show my love through cooking and baking. Because I’m so often asked for a copy of the recipe I’ve prepared for friends and community members, I decided to add a page to my blog allowing all of you access to some of the favorites.  The only down side of doing this is that I’m what I’ve flippantly coined “a dumper”.  Meaning that I often don’t measure and/or I change up recipes constantly based on what I have on hand.  Pay attention to the “Notes” within each recipe so you can see the variations that I’ve done and that have worked well for me and relax and have fun trying what appeals to your taste buds.

Cheers!