Can College Graduates Get a Loan?
You have to have 2 years employment to get a loan. FALSE! I was reminded of this today when a realtor asked me if their client who had just graduated from their Bachelor’s degree last June could buy a home, or if they have to wait until 2017. I told her YES, that this...
Couple Manages to Get Money for Retirement
Clients who bought their home in 2005 for $580,000 and saw the value drop to $350,000 have finally seen their neighbor this month sell for $600,000. Yes they now can refi their 0 down loan from 2005. They still have a 6.1% interest only loan, and have not paid extra;...
True or False? Every Loan Will Take 45 Days
This new law called TRID (Truth in Lending REPSA integrated Disclosure) means every loan will take 45 days. NOT TRUE! If you have a good team together and all information is circulated you can still have a smooth closing. Where will it slow down: contacts, addendums,...