Do You Qualify for a Mortgage?
I love helping people find solutions! I had a young man come in to get qualified for a mortgage because he was about to inherit a home. Actually, he had already inherited it, had been living there, but when his mom passed away he was too young, too new on the job and...
Do You Need 30% Equity in Your Current Home to Buy a New Home?
You need to have 30% equity in your old home before you can buy a new home and also keep the old home. FALSE! Fannie Mae recently decided to change that requirement. Now as long as we can show market rent, even if you are upside down in equity on the current home, you...
Let’s Talk About Jobs
As you know, the first Friday of the month means we got the JOBS report. We added 242,000 jobs to the employees and the unemployment remained at 4.9%. Some say this is not the true number of those actually unemployed, because the number does not include people who...
Saving Money by Increasing Credit Score
I love when I can save people $1000s with some good coaching. Of course they have to follow my advice. Last year, Mr. “R” came in for a refi. He had a 4.99% 30 year fixed and had paid in for 1 year. Now he wanted to refi because rates were low. But when I...