2020 CONFORMING LOAN LIMITS ANNOUNCED!

The conforming loan limits for 2020 have been announced and with the continued appreciation in property values, the conforming loan limits have been increased from $484,350, to $510,400! This increase will help more homebuyers remain within the conforming loan limit … Continue reading

DO YOU EARN EXTRA INCOME?

Identifying what is and is not acceptable income when a Borrower has more than one job whether part time or seasonable can get sticky!  On more than one occasion, I’ve had calls from clients I had done a pre-approval on … Continue reading

EMPLOYMENT GAPS AND MORTGAGE LENDING

When applying for a mortgage, most people are aware of the key elements a Lender is looking for in a prospective Borrower: Income Assets Credit However, the devil is in the details and it’s those details if you’re not aware … Continue reading

PIW: PROPERTY INSPECTION WAIVER

You’re purchasing or refinancing a home and your Lender excitedly tells you that you qualify for a PIW, what do you do next and what does that mean for you? A PIW is a property inspection waiver and when there … Continue reading

TO REFINANCE OR NOT? A QUESTION NOT ASKED OFTEN ENOUGH

As a consumer you are bombarded with solicitations to refinance, many of which sound amazingly good. But is a refinance truly in your best interest? Following are some key points to consider before you jump on the refinance band wagon. … Continue reading

GETTING DIVORCED AND NEED TO BUY A HOME? THIS POST IS FOR YOU!

Until one finds themselves in need of a mortgage while in the throes of a divorce or just coming out of one, it would be rare that they have any understanding of how the nuances of the lending guidelines may … Continue reading