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

NO, YOU DON’T HAVE TO REFINANCE JUST TO CANCEL YOUR MORTGAGE INSURANCE

I repeatedly receive telephone calls from consumers looking to refinance their conventional mortgage simply to drop their expensive monthly mortgage insurance. A refinance is not necessary to accomplish this! A refinance is a costly way to accomplish something than can … Continue reading

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

FHA LOAN GUIDELINES CLARIFIED

Effective March 18, 2019, the Federal Housing Administration (FHA) announced that it began taking initial steps to better mitigate the increased risks in recent single-family loans. This announcement comes as a result of the decrease in average borrower credit scores … Continue reading

THE MANY BENEFITS OF VETERAN LOANS

THE MANY BENEFITS OF VETERAN LOANS

Veteran loans are home loans that are given to purchase a home. However, they are eligible only for the people who have served or are serving in the military. It mainly comprises of National Guard, active duty, reserves and more. You … Continue reading

SAVE MONEY WITH THESE SEVEN HOME IMPROVEMENTS

SAVE MONEY WITH THESE SEVEN HOME IMPROVEMENTS

Everybody wants their home to be in the best condition as you will want to live a comfortable life. You will always have a long list of renovations in your mind. Upgrading the house can be a little expensive, and … Continue reading