


Do You Have to be a Citizen to Buy a Home?
You must be a citizen or at least a resident alien to buy a home in the US. Not true. Many people are here on work visas sponsored by an employer. They often are going through the process of getting a green card/alien card, but often are going straight for...
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...
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...