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

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