SEVEN LEGAL DOCUMENTS TO EXECUTE BEFORE YOU DIE

It’s no fun to plan for one’s death or mental incapacity, but it’s important that you have a say in what will happen to you, your family and finances if something should happen to you! I’ve heard many horror stories … Continue reading

THE ABILITY TO REPAY

For many, having their refinance or new home purchase halted due to a “temporary” lay off as a result of the COVID-19 “stay home, stay healthy” order, has come as quite a shock. We are talking people who have been … Continue reading

RATE LOCK EXPIRATIONS & LOCK EXTENSION FEES ARE NOT COVID-19 RELATED

Not everything is a by-product of COVID-19, although that may be how it feels right now! When a Borrower opts to lock in their interest rate during the mortgage loan process, they do so for a defined period of time. … Continue reading

THE MYTH OF THE VA FUNDING FEE AND CLOSING COSTS

A zero down VA loan does not mean zero out of pocket when it comes time to close! There is a lot of misunderstanding when it comes to a VA loan, who pays what, and what costs if any are … Continue reading

CONGRESS RESTORES IMPORTANT TAX DEDUCTION

Good news for Borrowers who are paying mortgage insurance as part of their mortgage payment! Borrowers with adjusted gross income of $100,000 or less may deduct 100% of their mortgage insurance premiums on their federal tax returns for the years … Continue reading

LOOKING TO BUY A NEW HOME, BUT YOUR NEW JOB HASN’T STARTED YET?

Yes, it’s possible, however, lenders are looking for stable income when you apply for a mortgage so there are some key points to be aware of if you are in the midst of a job change at the same time … Continue reading