Can You Refinance Even if You’re in Bankruptcy?
If you are in bankruptcy you cannot finance a home. FALSE!! I recently had a client who had to file bankruptcy because of a business. He wanted to refinance, but was told by his current lender that he could not for 1 year after the bankruptcy. His credit union said 5...
This Weeks Win! 8.15.2015
Client repositions a rental house that always has problems to a cash flowing property. My clients still had their first home as a rental property. They bought the home in the 1990s, refinanced a couple of times. When the market went down they were stuck. The property...
Economic News: Are We Ordering Chinese?
All the news was focused on China this week, but we did get some of our own news… China, on Tuesday, devalued their currency, the Yuan, and then did again on Wednesday. Then they saw it slide against currencies around the world on Thursday. So do we care? Well, we do,...
Mythbuster: Must You Have Credit to Buy A Home?
Not Necessarily! I recently spoke to a client who had been turned down by 2 of the big banks and their own credit union. $80,000 in income no debt, $150,000 to put down but…. No credit scores. This person had never established credit because they paid cash for...