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
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
The VA loan program seems to come with a number of misconceptions that I’ll try to clear up below. Q: Are my GI Bill benefits used as qualifying income? A: No. VA does not see VA educational allowances as a permanent source … Continue reading
Here are 3 keys to successfully maintaining a budget (no matter if you’re a single or family household): Consistent income. I know this may seem like a ‘duh’ statement but having consistent income flowing into the home will help meet target … Continue reading
Self-employed and thinking about buying a home in 2014? If so, now is the time to sit down and work on your mortgage pre-approval regardless of when this year you are thinking of purchasing. The income of a self-employed borrower … Continue reading
Following are the adjusted income limits for USDA Guaranty mortgages in WA State broken out by both loan product and geographic area: WASHINGTON STATE 1-4 PERSON HOUSEHOLD 5+ PERSON HOUSEHOLD Bellingham $78,000 $102,950 Bremerton-Silverdale $86,950 $114,750 Kennewick-Pasco-Richland $76,850 $101,450 Longview $74,900 … Continue reading
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Mortgage Info By Michelle Wickett 