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Tag Archives: Realtors

  • Hire A Real Estate Agent

    8 Reasons To Hire Real Estate Agent When Buying A Home

    While it can be appealing to conduct the home buying process on your own, you may want to hire a real estate agent to help you land your dream home. Here are a few reasons why we typically recommend that our buyers hire an agent before they begin shopping for a home. Why Should I [...] More  →
  • VA Construction Permanent Loans Help Veterans Build a Custom Home

    Finding a construction loan is very difficult today and almost impossible to find over 75 – 80% of the value, but finding 100% financing for building a new home is really tough. Luckily, there is the option of VA construction permanent loans. This is a combination of a construction loan along with a VA permanent closing. Therefore, …

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  • Fannie Mae Now Excludes Revolving Debts Paid at Closing From Debt Ratios

    For the last few years, even if a person pays off credit cards or lines of credit at closing or before, the payments must be still included in their debt to income ratio. Effective immediately, Fannie Mae will now exclude paid off revolving debts from a borrower’s debt ratio. This can make a huge difference …

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  • Property Types Allowed for Reverse Mortgages

    A Reverse Mortgage can be a great financial tool in today’s 62 and older population, allowing seniors to live a well deserved, comfortable life in the home they choose. When choosing the home to be financed with a reverse mortgage, there are restrictions on which type of homes could be financed. Eligible Property Types for …

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  • Reverse Mortgage Myths and Facts

    If you mention reverse mortgages to someone, you will find some outdated beliefs or just erroneous information. To clear up the reverse mortgage myths out there, here are some of the most common misconceptions and more importantly, the facts: MYTH: The bank owns the home. FACT: Just like other mortgages, the owner remains on the …

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  • VA Certificate of Eligibility

    How to Get Your VA Certificate of Eligibility for Buying a Home

    VA home loans are one of the best options available for buyers. They provide potentially 100% financing, affordable housing payments, and flexible guidelines for those that qualify. But, in order to use this valuable home buying tool, one of the borrowers must have sufficient VA entitlement. The amount of entitlement available is a key factor …

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  • VA Mortgage Guidelines for Determining if Primary Residence is Within a Reasonable Commute to Work

    The popular definition of a primary residence in residential mortgage lending is that the home is within a “reasonable daily commuting distance to work”.  There are situations where a homebuyer may travel a long distance when commuting to work yet still call a home over a normal commuting distance from their home or primary residence.  …

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  • closing day

    I Have Signed Closing Papers. When Do I Get The Keys?

    An important thing to remember for a purchase closing is that just because the buyer has signed the closing documents, the property is not owned by the buyer right away. Generally, the following items need to happen on the day of closing for the buyer to get the keys to the home: Closing Day Steps …

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  • You may not know it, but you are a number and it could help or hurt you a lot!

    If you were a fly on a wall in my office, you would hear me say several times a day, this little known fact that accounts for 30% of a borrower’s credit scores! 30% of a person’s credit score is based on balances reported for revolving accounts like credit cards or lines of credit, compared to the …

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  • Rent your current home and buy your dream home with no money down!

    Sound to good to be true?  This can be done by a Veteran, active service member, or qualified surviving widow of a service member purchasing a new home with a VA home loan!  These days if someone wants to rent out their current home and then purchase a new primary residence, most programs require either …

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