THE CYCLICAL NATURE OF THE MORTGAGE INDUSTRY – MIGHT HISTORY ALREADY BE REPEATING ITSELF?

Remember the old adage, “history repeats itself”? Well that phrase has never been more accurate than when referring to the cyclical nature of the real estate industry and the mortgages that support it. Just think back 11 years to the … Continue reading

TENANT OCCUPIED RENTAL HOMES FOR SALE!

In our current low inventory climate, any listing may sound like a good listing, but take note, tenant occupied rentals—as you can imagine— may come with their own set of issues. The most commonly raised concerns are: The tenant does … Continue reading

VA LENDING GUIDELINES CLARIFIED

VA LENDING GUIDELINES CLARIFIED

Historically, the VA has provided very little guidance in several areas of lending. That practice is changing with the following clearly defined guidelines becoming effective May 23, 2019. Gift funds are acceptable from a donor who has NO affiliation with … Continue reading

NOT ALL PRIVATE ROADS ARE TREATED THE SAME

In the lending world, there is often a fear of private roads when in fact, not all private roads are treated the same.  Each of the traditional loan guidelines have varying guidelines which I’ve outlined below. FHA defines access to … Continue reading

NEW VA REFINANCE GUIDELINES EFFECTIVE FEBRUARY 16, 2019

In an effort to take better care of our active duty service members and Veterans, VA has made some significant changes to both the IRRL (interest rate reduction refinance loan) and the cash-out refinance options. Historically, almost immediately upon closing … Continue reading