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Packing Guide - How to Stay Sane when Moving

The Essential Packing Guide for Moving

Packing before moving has to be one of the most frustrating tasks known to man. If you're like ...
Is Your Home Smart Enough to Save You Money?

Smart Homes Can Pay Off Big With Savings

Smart homes are a smart idea. Even if you have trouble using the toaster, you've probably heard about ...
How to Avoid Credit Repair Scams

How to Avoid Credit Repair Scams

The goal of most credit repair scams is to get you to pay a monthly fee for as ...
How to Restore Your Credit After Bankruptcy

Restoring Credit After Bankruptcy

Restoring your credit after bankruptcy can be surprisingly easy if you follow this advice. Bankruptcy can be a ...
Should I be a Co-Signer or Authorized User?

Authorized Users and Co-Signing for a Mortgage

Should You Co-Sign for Someone?  How will it Affect Your Ability to Qualify for a Mortgage? In this ...
Evan Wade - Veteran Housing Advocate

Meet Evan Wade – Veteran Housing Advocate

Evan Wade - Expert Interview Evan Wade is a professional mortgage loan officer, and valued member of our ...
Buying a Home in a Sellers Market

How Do Home Buyers Win in a Seller’s Market?

Buying a home in a competitive seller's market can be an uphill battle for the unprepared home buyer.  ...
Closing Costs Paid by Others

How to Get Your Closing Costs Paid by Others

Now that you have enough money for your down payment, here's how to get your closing costs paid ...
Refinances Surge on Lower Rates

Refinance Rush Triggered by Lower Rates

Home owners are rushing to refinance as the last hope of lower rates looks to have passed, again. ...
Interest rates climb to 2018 high last week

Interest Rates Hit 2018 High – What’s Next?

This article looks at 2018 interest rates, taking a cautiously optimistic approach toward being prepared for what the ...
CAIVRS measures waiting period from foreclosure, short sale, deed in lieu

FHA Waives CAIVRS Waiting Period After Foreclosure, Short Sale or Deed in Lieu?

CAIVRS is an automated monitoring system that tracks defaults on Government debt. If you have  been a victim ...
Read the fine print - there are hidden costs with buyer assistance

Beware of Hidden Costs With Buyer Assistance

Buyer assistance is a great way to get into your first home, and it's important to understand the ...
Conventional 3% Down Payment Mortgage - First Time Home Buyers

HomeOne First Time Home Buyer Mortgage

Freddie Mac announces a NEW first time home buyer mortgage 3% down payment first time home buyer mortgage ...
100% Financing USDA Home Loan

2018 USDA Guaranteed Home Loan

USDA Guaranteed Rural Development home loans offer 100% financing to eligible home buyers throughout the United States. In ...
Home Prices Increases During the Summertime

Why Home Prices Go Up During Summer

Home buyers will face higher home prices this summer, here's why! If you've been thinking about buying a ...
Pay off Debt with a Cash Out Refinance

Cash Out Refinance to Pay Off Debt

Is a cash out refinance to pay off debt a good idea, or not? There are two sides ...
No Income Limit Counties for HomeReady and Home Possible

86 Counties with NO HomeReady or Home Possible Income Limit

Did you know there are low cost conventional loan programs with no income limits? Available in Low to ...
2017 and 2018 Mortgage Tax Deductions and Credits

How Much Can Homeowners REALLY Save at Tax Time?

Mortgage tax deductions and credits make tax time a little less stressful when you own a home. If ...
IBR Student Loan Payments with Mortgage

2018 Guide to Qualifying for a Mortgage with IBR Student Loans

When you have student loans, qualifying for a mortgage can get tricky. UPDATED September 2018:  Watch my NEW ...
New Conventional Jumbo mortgage available Nationwide

Is This Conventional Jumbo Loan a Game Changer?

March 2018 - NEW Conventional Jumbo home loan alternative was announced earlier this month. Conventional Jumbo Highlights Up ...
Refinancing your home in 2018. Does it still make sense?

5 Reasons Refinancing Make Sense in 2018

Refinancing your home is one of the great benefits of homeownership.  Unlike most retirement accounts, you can borrow ...
Increasing interest rates impact home buyers in 2018

How Increasing Interest Rates Impact Home Buyers

Increasing interest rates are causing big issues for home loan shoppers in 2018.  Shopping for a lender that ...
CalHFA School Program replaces Extra Credit Teacher Program - New and Improved for 2018

NEW: California School Program Shocks Education Industry?

The NEW California School Program offers more down payment and closing cost assistance to first time home buyers.  ...
2018 Rising Interest Rates impacts home owners

3 Things Every Homeowner Should Know About 2018 Interest Rates

2018 Interest Rates Are Rising Faster Than High Tide During a Full Moon.   In this article, we explain ...
Mia Schultz - Mortgage Therapist

Mia Schultz, Mortgage Therapist

https://www.facebook.com/FMWHome/videos/1840061916028356/ Meet Mia Ferraro Schultz I had to laugh when Mia referred to her self as a "mortgage ...
2018 CA Down Payment Assistance Updated Expanded

2018 Buyer Assistance Update Making California More Affordable?

NEW 2018 Income limit allows more California first time home buyers to qualify for down payment assistance. Income ...
Qualify for a no appraisal home loan

No Appraisal Home Loan Saves Time and Money

2018 home loans use big data and automation to make your mortgage easier to qualify for and less ...
Home equity loans can be tax deductible in 2018 if used to purchase your home.

Is a Home Equity Loan Tax Deductible in 2018?

A home equity loan allows you to borrow against the value of your home by taking out a ...
3 Great Reasons for Buying a Home in 2018

3 Great Reasons for Buying a Home in 2018

Buying a home is something that most folks would love to do, but many believe they could never afford ...
2018 Tax Cuts include mortgage interest deduction.

Mortgage Interest Tax Deductible in 2018?

The short answer is Yes.  All homeowners, and most home buyers will still be able to write off ...
MCC Mortgage Credit Certificate Available in 2018

2018 MCC – First Home Buyer Tax Credit

MCC mortgage credit certificates are a dollar for dollar Federal tax credit only available to eligible first time ...
Requiring a benefit test is a good idea for VA refinance

Veteran Homeowners Win Fight Against Predatory Lenders

Veteran Homeowners Receive a Huge Win Against Predatory Lenders. Any VA streamline refinance loan started after March 25th, ...
2018 FHA loan limits increase in 2018

2018 FHA Loan Limits Increased

2018 FHA loan limits were announced last week, As predicted, FHA has followed the Conventional loan limit increase ...
2018 FHA Loan Limits Expected to Increase

2018 FHA Loan Limit Increase Likely

NEWS:  FHA Announces loan limit increases in 2018!  See update here The 2018 FHA loan limit was not ...
2018 Loan Limit increase to

2018 Loan Limit Increases to $453,100

The Federal Housing Finance Agency (FHFA) announces that Conventional loan limit will increase in all but 71 Counties ...
Mortgage interest deduction 2018 plan

Will Mortgage Interest Deduction be Around in 2018?

The mortgage interest deduction is again at risk as the House tax plan looks to limit this tax ...
2018 CFPB Changes Make Mortgages Easier

Will CFPB Changes Make Mortgages Easier in 2018?

Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) resigned from his position as head of the ...
Katy Parsons is a mortgage expert that specializes in helping self employed people qualify for a mortgage

Meet Katy Parsons – Mortgage Expert for the Self Employed

Katy Parsons Expert Interview Katy Parsons is a professional loan officer that specializes in helping self employed families ...
A Mortgage Expert will avoid frustration during the underwriting process

Mortgage Expert More Important Than Automation?

J.D. Power, a global leader in consumer insights, advisory services and data and analytics, releases a telling 2017 report ...
Steven Woloszyk Mortgage Expert - FMWH Live Interview

Meet Steven Woloszyk – First Time Home Buyer Expert

Steven Woloszyk Expert Interview Steven Woloszyk is a professional loan officer, and an expert at guiding first time ...
Freddie Mac IBR student loan payment calculation updated in January 2018

Freddie Mac Stops Allowing $0 on IBR Student Loans

Qualifying for a mortgage with income based student loan payments just got a little harder. Freddie Mac stops ...
Jim Duffy - Mortgage Expert

Meet Jim Duffy – Mortgage Expert

Jim Duffy Expert Interview It was my great pleasure to sit down with Mortgage Expert Jim Duffy the ...
A Review of the new 2017 Reverse Mortgage Guidelines

2017 New Reverse Mortgage Gets Positive Review?

Guest Author: John A. Krochman | Branch Manager - NMLS# 278683 | Broadview Mortgage Corporation Cell / Text ...
Bank statements reviewed for closing costs and reserves at closing table

How Bank Statements Can Kill Homebuyer Hopes at the Closing Table

Avoid Surprises One of the final and most important steps toward closing on your new home mortgage is ...
Shocking Truth Behind Mortgage Call Centers

The Shocking Truth Behind Mortgage Call Centers

When Telemarketers Compete, You Lose!     It Could Happen to Anyone These are actual, recent (2017) online ...
CAIVRS waiting period after an FHA foreclosure

CAIVRS Waiting Period After FHA Foreclosure

The Question The CAIVRS waiting period is important if you had a FHA mortgage on a home that ...
What is the waiting period for a foreclosure after bankruptcy?

Foreclosure After Bankruptcy Waiting Period

The Question I received a great question this week from one of our readers regarding the waiting period ...
Disaster Relief Mortgage Expert Interview

Disaster Relief Mortgage Offers 100% Financing

Show Notes On this week's show, I've invited two mortgage veterans to discuss mortgage options that are available ...
Mortgage with Temporary Leave Income

Qualify for a Mortgage with Temporary Leave Income

What is Temporary Leave? Temporary leave from your place of employment is usually short in duration and is ...
Hurricane Relief Mortgage

Hurricane Relief Mortgage Allows 100% Financing

HUD Hurricane Relief Options In the wake of Hurricanes Harvey, Irma, and Maria this, HUD announced a reminder ...
Multi Family as First Home

Buying Multi-Family as Your First Home

Show Notes A Multi-Family residence, also known as a duplex, triplex or fourplex, is a powerful investment strategy ...
How FHA Mortgages Work

How FHA Mortgages Work

Show Notes FHA mortgages don't always get a fair shake. I often speak to home buyers that claim ...
Mortgage Included in Bankruptcy

Mortgage Included in Bankruptcy?

Including a mortgage in a bankruptcy will not prevent you from buying again, and you might be surprised ...
How Homebuyer Assistance Works

How Homebuyer Assistance Works

Show Notes Homebuyer assistance programs, for the purposes of this discussion are defined as money available for the ...
Digitgal Mortgage Explained

The Digital Mortgage Explained

Show Notes Who wouldn't love an easy button?  The internet, and technology has created easy buttons for many ...
Do 2017 Reverse Mortgage Changes Hurt Seniors

Do New HECM Rules Hurt Seniors?

2017 HECM Update I would like to extend a special thank you to a lender friend of mine ...
Josh Lewis - BuyWise Mortgage - Certified Mortgage Consultant

Josh Lewis – Expert Interview

Josh Lewis has been in the mortgage business since 1995, and he shares a wealth of knowledge and ...
2017 Underwriting Update - Part 1

2017 DU Underwriting Updates

Over the weekend of July 29th, 2017, Fannie Mae rolled out it's latest major update to Desktop Underwriter ...
How Portfolio Loans Work

How Portfolio Loans Work

Show Notes A portfolio loan is not necessarily a specific loan program, but an approach to lending that ...
Use Gift Funds when buying a house

How to Use Gift Funds when Buying a Home

Show Notes It is very common to use "gift funds" to help with the down payment and closing ...
How Automated Underwriting Systems Work - Podcast

How Automated Underwriting Systems Work

Show Notes Automated underwriting systems (AUS) are used by all traditional lenders to determine your eligibility for a ...
How to Buy a Home with Student Loans

How to Buy a Home with Student Loans

PodCast Show Notes: Student loans weigh heavy on many Millennial first time home buyers. These loans will show ...
How to Buy a Home after a Financial Hardship

How to Buy a Home after a Financial Hardship

Show Notes Having a financial hardship in the past does not mean that you cannot qualify for a ...
Rent or Own 5 Questions

Buy or Rent? Which is Better for You?

This guest post was contributed by Real Estate Experts, a leading real estate agency in the Chapel Hill ...

Millennials Buying FHA Units as First Home

Primary Residence Units Millennials have figured out a little used, but very smart strategy for jumping into real ...
How Much Mortgage Can I Afford

How Much Mortgage Can I Afford?

Rent is Crazy Can I afford a mortgage? There's got to be another way, right? The cost to ...
Why Sellers Don't Like Offers with FHA Financing

Why Sellers Don’t Like Offers with FHA Financing

The Problem Are you hitting road blocks getting your offers accepted by home sellers?  It could be your ...
Mortgage Call Centers Deny Loans Because They are Not Easy Enough?

Home Loan Denied Because it’s Not Easy Enough?

Bait and Switch? Home loan denied because it's not easy enough? Yes, it's true, and it happens every ...
VA Manual Underwriting - Gaps in Employment

VA Manual Underwriting – Employment Gap

Experience Matters Jim Duffy is one of the experts that we count on to solve underwriting challenges that ...
VA Manual Underwriting - Credit Reporting Errors

VA Manual Underwriting – Credit Reporting Errors

VA Experience This is another great example of VA manual underwriting heroics. As part of our series on ...
VA Manual Underwriting Heroics

VA Manual Underwriting – Ch 13 BK and Short Sale

Manual Underwriting VA manual underwriting success stories are something that we love around here! VA loans are a ...
VA Guidelines - Manual Underwriting

VA Guidelines – Manual Underwriting

Second Chance If your lender is unable to get an automated underwriting approval, or if you've been turned ...
4 Refinance Options after Bankruptcy

4 Refinance Options after Bankruptcy

Refi Fast Lane Refinance options are available to many homeowners that were forced into bankruptcy during the recession ...
Fannie Mae Version 10.1 Update

6 Major Fannie Mae Guideline Updates in 2017

Home Loans Easier? In an aggressive move to make qualifying for a Conventional home loan easier, Fannie Mae recently ...
Qualifying for a home loan with self employed income

Qualifying for a Mortgage with Self Employed Income – 2017 UPDATE

Self Employed Easier? On May 30th, 2017 Fannie Mae announced a shocking relaxation of the guidelines that determine ...
Fannie Mae debt to income ratio guidelines

Fannie Mae Loosens Debt to Income Ratios in 2017

Updated July 29th, 2017 In a May 20th announcement, Fannie Mae released a sneak peek of it's 10.1 update ...
Outside the Box Home Loans

Home Loan Outside the Box?

Not Easy Enough One of the biggest challenges you will run into while applying for a home loan is ...
Cash out limits for most mortgage loans

Cash-Out Refinance Guidelines

February 2018 UPDATE - A cash-out refinance is going to be more expensive in the future as interest ...
How to refinance your home loan if you have student loans

Reduced Cost Student Loan Consolidation for Homeowners

Updated Guidelines Fannie Mae recently announced a new refinance underwriting guideline that relaxes lending rules on borrowers with student loans. ...
Zero Payment Student Loan

Buy a Home with Your Zero Payment ($0) Student Loan

Income Based Payment It is not uncommon to have a zero payment ($0) on a student loan that ...
Portfolio Jumbo Loans

Jumbo Loan Low Downpayment Options

Get the Low Down A Jumbo home loan is any mortgage that exceeds conventional conforming loan limits for the ...
Portfolio Loan Solutions

Portfolio Loan Interest Rates and Guidelines

Specialized Solutions A portfolio loan is a home loan that falls outside of the underwriting guidelines of more ...
Student Loan Guidelines Make Homeownership Easier

New 2017 Student Loan Guidelines Make Homeownership Easier

Effective Immediately A new student loan guideline published by Fannie Mae will make it much easier for you ...
Fannie Mae IBR Student Loan Guidelines

Fannie Mae IBR Student Loan Updates Make it Easier to Buy a Home

Removing Hurdles Fannie Mae announced today that they are removing hurdles that will help homebuyers with student loans. Previously, ...
Bankruptcy Foreclosure Success Story

Bankruptcy and Foreclosure Success Story

Find the Right Lender We created this website to protect consumers from misinformation and inexperience. Our goal is ...
Loan Officer Lies

Shocking Lies that Loan Officers Tell

Why Are You Lying? Statistically speaking, the volume of lies that loan officers tell readers of this site ...
How to Avoid a Risky Lender

Are You at Risk of Being Turned Down for a Home Loan?

Do I Qualify? The truth is, the most risk comes from working with a loan officer that is inexperienced, ...
Fresh Start No Waiting Period Portfolio Loan

How No Waiting Period Portfolio Loans Work

Portfolio Loans Portfolio loans give homebuyers options for buying a home after a financial hardship with little to ...
Down Payment Grant

New Down Payment Grant is a Game Changer

Down Payment Grant There is an experimental new conventional loan program available that offers a down payment grant for ...
First Time Home Buyer Programs

First Time Home Buyer Programs

Buying Your First Home Buying your first home can be both exciting and scary at the same time. ...
Purchase program lowers interest rates

Graduated Payment Loan Lowers Interest Rate 2% In First Year

Ease Into Ownership A new home loan program lowers your interest rate by 2% in your first year, and ...
Why Approved Loans Get Declined

Why Approved Loans Get Declined

Confused? When something goes wrong with your loan approval, who's responsible? Have you been told that you qualify, ...
CHAP Community Home Advantage Program

Community Home Advantage Program

Community Home Advantage Program A new community assistance home loan program is now available for specific zip codes ...
Refinance an investment property to increase cash flow or pay off sooner

How to Refinance an Investment Property

Refinancing an investment property is much more difficult than a traditional refi on an owner occupied home. There ...
REPAYE-PAYE-IBR-Student-Loan-Payments

Student Loan PAYE, REPAYE & IBR Mortgage Guide

Paying For Education Pursuing an advanced education is getting more and more expensive. Especially if you're pursuing an ...
Ask Me Anything About Buying a Home After Bankruptcy

Ask Me Anything About Buying After Bankruptcy

Buying after bankruptcy is a topic that we have become experts at. We get readers from all over ...
Loan Options that Lender Will Not Tell You About

Loan Options Your Lender Will Not Tell You About

My Lender Said.... This is one of those times when I wish I had a bigger megaphone than ...
Adjustable Rate Hybrid Mortgage

Is an Adjustable Rate Hybrid Mortgage (ARM) Right for You?

Safe and Predictable Option If you got caught up in any of the mortgage mess from the past ...
HomeReady and Home Possible Convnetional

Conventional Low Down Payment Options for Purchase or Refinance

Get the Low-Down Few people know that Conventional financing will allow less than a 20% down payment. I ...
Lender Mistakes Can Cause Your Mortgage to be Declined!

Can My Lender Decline My Mortgage by Mistake?

We have been informing, educating, and empowering consumers on this website for almost 10 years now. We get tens ...
Why Rocket Loans Do Not Always Work

Why Automated Mortgages Do Not Work……Yet

Failure to Launch Rocket Loans are all over TV, radio, billboards, and it seems like everywhere you look. ...
FHA Mortgage Insurance Reduced

FHA Slashes 2017 Mortgage Insurance Premiums

FHA Lowers Costs This morning, in one of the final moves before handing over the reigns to President ...
Freddie Mac Student Loan Underwriting Guidelines

VA Student Loan Underwriting Guidelines

Deferred Payments VA Guaranteed loans are the only underwriting guidelines that will allow you to have deferred student loan ...
Freddie Mac Student Loan Underwriting Guidelines

FHA and USDA Student Loan Guidelines

Deferred Payments FHA does not currently allow you to have deferred student loan payments when qualifying for a home ...
Fannie Mae IBR Student Loan Guidelines

Fannie Mae Student Loan Guidelines

Deferred Payments Fannie Mae does not currently allow you to have deferred student loan payments when qualifying for a ...
How to Refinance After Bankruptcy

How to Refinance After Bankruptcy

Your options when trying to refinance after bankruptcy are most often limited by the experience of your loan ...
Freddie Mac Student Loan Underwriting Guidelines

Freddie Mac Student Loan Guidelines

Deferred Payments Freddie Mac does not currently allow you to have deferred student loan payments when qualifying for ...
Self Employed Home Loans

Are Self Employed Mortgages Making a Comeback?

Qualifying Income Let's face it, the only difference between a standard, traditional loan and a "self employed" home ...
mortgage-broker-lender-bank-comparison

Mortgage Broker, Lender or Bank – Which is Better?

Is there a Difference? The short answer is Yes, there can be a huge difference. But it's probably not ...
Conventional loan limits increase 2017

Conventional Loan Limits Increase in 2017

Increased for Most UPDATE:  See California 2017 FHA loan limits UPDATE:  See California 2017 Conventional loan limits UPDATE:  See ...
down-payment-requirements

What is the Minimum Down Payment I Need?

Minimum Down Payment The biggest hurdle for most first time homebuyers is coming up with the down payment. Minimizing ...
Qualifying for a home loan with collections, charge offs or judgements

Qualifying for a Home Loan with Collections, Charge Offs or Judgements

A lot of people have had challenges in the past, resulting in a collection, charge-off, or judgement showing ...
Jumbo Home Loan after BK, Foreclosure, Short Sale or Deed in Lieu

Jumbo Home Loan after BK, Foreclosure, Short Sale or Deed in Lieu?

Jumbo Loan Woes There are many areas in the Country that require a Jumbo home loan if you want ...
homebuyer-assistance-alternatives

Homebuyer Assistance Alternatives

Assistance Alternatives There's a good chance that you're here as the result of a google search about homebuyer assistance alternatives. ...
Predicting what interest rates will do after 2016 Election

2017 Mortgage Interest Rate Predictions

Interest Rates are on everyone's radar after the Election. Regardless of which dog you chose in the race, ...
The Final Steps - Docs Signed Funded and Recorded

10. Finish Line – Signing, Funding, and Recording

The Finish Line Once you've signed your Closing Disclosure, you're almost done. You are able to sign your ...
Hiring your Loan Officer and Realtor

3. How to Hire a Loan Officer and Real Estate Agent

Hiring a Loan Officer Hiring a loan officer is more important than hiring a lender. You will not ...
Mortgage Terms and Definitions for Normal People

Bonus – Mortgage Terms and Explanations

If you're here because your "so called" loan officer is launching abbreviated mortgage terms and acronyms at you like ...
Insider Tips on Finding the Best Home for You

8. Finding the Best Homes for Sale

Getting Lucky Finding the best homes for sale relies heavily on your ability to be lucky. When I say ...
Do you know how your loan officer and real estate agent get paid?

Bonus – How Your Agent and Loan Officer is Paid

Motivation It's important to understand how your Loan Officer and your Real Estate Agent are paid and why ...
Ultimate New Home Owner Checklist

Bonus – New Home Owner Checklist

Congratulations! You've successfully closed on the purchase of your new home and you are officially a Homeowner! Once ...
Once your offer is accepted, here's what's next

9. Offer Accepted….Now What?

Now it's Our Turn This is where your preparation pays off.  I trust that you've chosen well, and ...
Searching homes for sale online

7. Searching for Homes Online

Trusting Data Searching homes for sale online is incredibly easy to do, and can actually be quite fun! There are ...
The Ultimate Guide to Home Buyer Assistance

6. Home Buyer Assistance

A Helping Hand Buyer assistance is a topic that I'm very experienced with in my home State of California. ...
Get Pre-Approved for a Mortgage is the First Step to buying a home

4. Get Pre-Approved for a Home Loan

Getting Pre-Approved Getting pre-approved for a home loan should be one of the first steps towards becoming a homeowner. ...
Journey starts here for first time home buyer - Ultimate Guide

1. Buying Your First Home?

Start Here Buying your first home is both scary and exciting at the same time.  It gets incredibly ...
Home Buyer Education Means Being Prepared and Avoiding Surprises

2. First Time Home Buyer Education

Education is Empowerment First time homebuyer education, also called first time homebuyer counseling, is a requirement of many buyer assistance ...
When does my waiting period start?

When Does My Waiting Period Start?

When Can I Buy Again? Trying to figure out the waiting period after Bankruptcy? Foreclosure? Short Sale? Deed ...
Fannie Mae DU 10 Trended Credit Data

Trended Credit Data – Fannie Mae DU 10.0

Credit Qualifying Over the weekend of September 24th, 2016, Fannie Mae is updating DU to Version 10.0, and introducing ...
FHA vs Conventional Mortgage Insurance

Mortgage Insurance – PMI vs FHA, Which is Better?

A mortgage insurance policy is required anytime you have less than a 20% down payment, or equity, at the ...
Reserve Requirements multi financed properties

Reserve Requirements for Multi Financed Properties

Investor Relief? Fannie Mae policy changes the reserve requirements for borrowers with multiple financed properties in Desktop Underwriter ...
Eliminate waiting periods with FHA streamline refi

FHA No Wait after BK, Foreclosure, Short Sale?

An FHA streamline refinance might be your ticket to lowering your rate and payments with no waiting period ...
How to Refinance

No Cost FHA Refi Lowers Your Rate and Loan Balance?

Frustrated with FHA? Why? Are you one of those people that hate their FHA mortgage because it has ...
critical credit decisions that can make or break your home loan

Critical Credit Decisions That Can Make or Break Your Home Loan

Don't Be Surprised When applying for a home loan, your credit is one of the most important factors ...
Short Term Investment using Portfolio Loans to Buy a Home

Use a Short Term Portfolio Loan to Buy Now, Save Later

Short Term Solutions It's been a few years now since your bankruptcy, foreclosure, short sale or deed in ...
Zombie Second Mortgage Huant Homeowners

Zombie “Second Mortgages” Haunt Unsuspecting Homeowners

Foreclosure Nightmares A second mortgage included in bankruptcy can foreclose years after it has been discharged, and can ...
Save Money with FHA Financing

6 Reasons Why FHA is Better Than Conventional

Somewhere along the line, FHA loan got a real unfair reputation as being a loan option that you should ...
How Big Box Lenders are Failing Consumers

Are Big Box Lenders are Failing Homebuyers?

Changing the Game? Big box lenders are those companies that advertise on television and radio with claims about ...
Secrets to buying sooner after hardship

Secrets to Buying Sooner After Hardship

Have you been looking for home financing options that allow recent credit challenges related to Bankruptcy, Foreclosure, Deed ...
What Your Attorney Didnt Tell You About Mortgage in BK

What Your Attorney Didn’t Tell You About Including Your Mortgage in Bankruptcy

Mortgage Discharged? My expertise is helping homebuyers understand the lending guidelines for buying a home after a financial ...
Down Payment Buying Multi Family Units

Down Payment When Buying Multi Family Units

Buying Multi Family With interest rates as low as they are after 1st quarter 2016, home loan financing ...
Do You Know Your Loan Limits

Do You Know Your (Loan) Limits When Buying Your Home?

Home Sweet Home You have worked hard to prepare for the purchase of your new home and are ...
Rental Property Easy Button

The Rental Property Easy Button

Building Wealth Many of us dream of owning a portfolio of rental properties. Acquiring a property and using ...

3 Fatal Income Calculation Mistakes (and how to avoid them)

Unique Perspective I am in a unique position as lender.  Because I have been educating and empowering homebuyers ...
IBR Student loan payments home loan guidelines

Qualifying for a Mortgage with Income Based Repayment (IBR) Student Loans

Getting a Mortgage with Student Loans Qualifying for a mortgage when you have IBR student loans can put ...
Low Interest Rates Open Doors to Many Options

Low Rates Inspire Creative Solutions

Low Rates When it comes to paying interest on a mortgage loan, everybody likes low rates, that's too ...
Use FHA to buy Duplex

How to Buy a Duplex with FHA Financing

3.5% Down Payment Do you dream of having your tenants make your mortgage payment for you each month? ...
Great Mortgage Rates Require Luck

Great Mortgage Rates (When Preparation Meets Opportunity)

Everyone loves getting a great deal. In the mortgage world, the concept of a great deal usually means ...

Is a Portfolio Loan a Good Option?

Not What You Think When you hear terms like hard money, or private money, or portfolio loan, many ...
How to Qualify for a Jumbo loan after a financial hardship

Jumbo Loan Options After Financial Hardship

A Jumbo loan is typically much less flexible than traditional financing like Conventional or FHA if you've had ...
Going Beyond Underwriting Guidelines

What Do Lenders Look at to Get a Loan Approval?

Beyond Guidelines Understanding what lenders are looking for in the documentation you provide when trying to qualify for ...
Will Interest Rates Drop in 2016

3 Reasons Why Interest Rates May Drop in 2016

Rising Rates Wrong? Many thought that the Federal Reserve’s decision in December to raise interest rates by .25% ...
Homeowners Benfit from 2016 low rates

New Homeowners Benefit From Lower Rates

A Penny Earned Saving money always feels like a great accomplishment.  Have you ever noticed when you're at the grocery ...
How Real Estate Tax Breaks Work

How Real Estate Tax Breaks Work

Tax Benefits Homeownership is one of the most powerful tax savings vehicles available in America today. With the ...
rent vs own - are you asking the right questions

RENT VS. OWN: Are You Asking The Wrong Question?

A Critical Question A quick Google search for the phrase “rent vs own” returns 283,000,000 results. Obviously, this ...
VA Loan Discrimination

How to Battle Discrimination Against Veterans and VA Loans

The Ugly Truth There is a very disturbing and ugly pattern of discrimination against VA Loans that happens ...
The Science of Mortgage Rates

How Do Mortgage Rates Work?

What Are Your Rates? On almost a daily basis I receive calls from people interested in purchasing or ...
How do reverse mortgages work

How do Reverse Mortgages Work?

What is a Reverse Mortgage? A Reverse Mortgage is a loan secured by a primary residence of 1 ...
Fannie Mae makes buying a home easier

Important Fannie Mae Changes Make Qualifying Easier in 2016?

December 12, 2015 Fannie Mae will update its Automated Underwriting System (AUS) to implement changes to file requirements ...
Know Your VA Benefits

VA Loans – Do You Know Your Benefits?

Your VA Benefit When it comes to home financing, it is hard to beat the opportunities provided through ...
Home Loan Qualifying Essentials

How Do I Get A Loan Approval? Credit,Capacity,Collateral

Education Reduces Risk Whether you are getting ready to purchase a new home or are looking to refinance ...
how to not pay mortgage insurance

3 Ways to Not Pay Mortgage Insurance

Mortgage Assurance I often hear that homebuyers, and homeowners want to avoid mortgage insurance on their home loan. ...
Risk of using down payment assistance

Are There Any Risks With Using Down Payment Assistance?

Get the Facts I'm sure you've heard it from parents and mentors your whole life..."If it sounds too ...
Interest Rates Drop in 2016?

5 Ways to Take Advantage of Low Interest Rates

Rare Rate Drop The reality of mortgage rates is that they change every single day.  The ability to ...
Important FHA Changes September 2015

3 Important Changes to FHA Loans September 2015

New Guidelines FHA is going through a significant overhaul of it's underwriting guide, as well as the guidelines ...
How much are down payment and closing costs

How Much Do I Need to Buy a Home?

How Much Downpayment Do I Need To Buy A Home Depending on what kind of loan you are ...
FHA Home Loan with 580 FICO

How to Qualify for a FHA Loan with a Low Credit Score

Not Bad Credit Having a low credit score does not necessarily mean that you have bad credit, or ...
Portfolio loans may offer interest only payments

Interest Only Portfolio Loan Options

What We've Learned Interest only loans were very popular at one time, and were mostly associated with what ...
How Automated Underwriting Works

How Conventional Automated Underwriting Decisions Work

What is Automated Underwriting? Computer generated mortgage loan underwriting decisions are the most common way to get approved for ...
How to Sell Your Home for the Highest Price

These 3 Things Can Help You Sell Your Home for the Highest Price

Planning for Profits Selling your home for the highest price is much more science than it is an art. ...
Mortgage Credit Certificate Boosts Buying Power

First Time Buyers Boost Options with this Tax Credit

Mission Impossible? A recent Associated Press article, Mission nearly impossible this spring: Finding a home to buy, talks ...
Mortgage Credit Certificate Tax Savings

How Mortgage Credit Certificates Work – Introduction

A Mortgage Credit Certificate, commonly known as MCC, is a dollar for dollar tax credit similar to the first ...
FHA Home Improvement Loans

Home Improvement Loans Offered by FHA

Repairs Preventing Refinance? There are two types of home improvement projects.  The first type is not necessary, but ...
Fannie Mae Buy and Bail Rule Reversed

Fannie Mae Removes Buy and Bail Rule

Restriction Removed Approximately 1 year after the rapid decline of home values in the aftermath of the great ...
Your Credit Score Impacts Your Interest Rate

How Much is Your Credit Score Costing You?

Your credit score has a direct impact on the cost of your home loan.  Knowing how this works ...
Can you Erase Homebuyer Mistakes

Top 3 Biggest Mistakes Homebuyers Make

Save Yourself Time, money and sometimes your dream home could be at risk if one of these mistakes goes ...
Veteran home loan programs

Veteran Mortgage Benefits to Remember

If you are an eligible military Veteran, you are eligible for a special home loan program that allows ...
Calculating Income

How Lenders Calculate Qualifying Income

Qualifying Income Assuming you have good credit and assets to buy a home, the most important factor in qualifying ...
Interest rates are affected by your credit score

How Credit Scores Impact Interest Rates

Your interest rate is directly impacted by your credit score and the equity in your home. While there ...
LLPA fees increase for Conventional loans in 2015

Fannie Mae Raises LLPA Fees for Most Borrowers

A loan level price adjustment (LLPA) is a method that conventional loans use to factor in risk factors ...
Ten Commandments of Pre-Approval Preservation

5. Pre-Approval Preservation

Financial Lockdown Once you’ve received a Pre-Approval from your lender, it is vitally important that nothing changes in ...
Waiting period for buying after a short sale included in bankruptcy

Short Sale Waiting Period Waived if Included in Bankruptcy?

Changes to the waiting period for mortgage debt that was discharged through bankruptcy took place over the weekend of August 16th, ...
Buying a home after a short sale

How to Buy a Home After a Short Sale

After a financial hardship like having to short sale your home, it's important to know that your next home is within ...
Low Rates Slow Lender Turn Times

Low Rates Slow Lenders Down

Low Rates There are very few people complaining about interest rates plummeting to near historic lows in July ...
VA streamline refinance benefits Veterans

How VA Streamline Refinance Works

The VA streamline refinance offers a reduced cost, reduced paperwork solution to help eligible Veterans take advantage of ...
FHA streamline refinance reduced cost and paperwork

How Does a FHA Streamline Refinance Work?

An FHA streamline refinance is a reduced cost, reduced paperwork loan program available to anything that currently has ...
Qualifying to buy your first home is not as difficult as you think

Qualifying Basics – First Time Homebuyer Survival Guide

From qualifying for a home home to shopping, offering and closing on your first home can seem quite ...
Tax advantage mortgage insurance converts PMI into mortgage interest

What is Tax Advantage Mortgage Insurance?

Tax Advantage Mortgage Insurance is a great option for buying or refinancing a high Loan to Value (LTV) ...
Prepare to Buy a Home After Bankruptcy

How to Prepare for Buying a Home After Bankruptcy

A Simple Plan Going through bankruptcy is both emotionally and financially exhausting. Buying a home after a bankruptcy ...
How to qualify for a home loan if you have student loan debt

Qualifying for a Mortgage with Student Loans

Student Loan Payments The biggest challenge with student loans is that they are often deferred while you are ...
VA loan benefits you might not know about

5 Things You Might Not Know About VA Loans

VA loans becoming more and more popular as market changes have brought to light the features of this ...
Private Mortgage Insurance has advantages over FHA permanent mortgage insurance

3 Advantages of Private Mortgage Insurance

Private mortgage insurance offers much more flexibility for home buyers with less than a 20% down payment. Many ...
Reverse Mortgage - Home Equity Conversion Mortgage

What is a Reverse Home Equity Conversion Mortgage?

A Home Equity conversion Mortgage (HECM), also known as a Reverse Mortgage, is government insured loan program offered ...
Creative ways to pay down payment and closing costs when buying a house

10 Creative Ways to Pay for Down Payment and Closing Costs

There are many ways that you can raise the money to cover your down payment and closing costs ...
How to Remove Home Loan Mortgage Insurance

How to Remove Mortgage Insurance

The ability to remove mortgage insurance is a topic that not many home owners understand. Both Private Mortgage ...
Why do lenders lie about buyer assistance

Why do Lenders Lie About Homebuyer Assistance?

You're Not Alone A local lender friend of mine, Brad Yzermans of HomeLoanArtist.com, is one of the good ...
August 2014 Low Interest Rates

Low Interest Rates Benefit the Prepared

Warning: Falling Rates Last week interest rates dipped to near historic lows again, driven by global economic volatility ...
Buy sooner if you had a foreclosure on a home discharged in bankruptcy

Buy Sooner if Mortgage Included in Bankruptcy

You can now buy sooner after Guideline changes announced by Fannie Mae on July 29th, 2014. Fannie Mae has changed ...
Short Sale Waiting Period Extended August 2014

Buying After Short Sale Waiting Period Extended

Buy Again After A Short Sale - And Have 20% Down UPDATED: Last week Fannie Mae announced a ...
Foreclosure waiting period waived if discharged in bankruptcy

Fannie Mae Waives Waiting Period on Foreclosure after Bankruptcy

On July 29th, 2014 Fannie Mae made an unprecedented move to loosen up waiting period for borrowers that ...
Avoiding surprises as a first time home buyer

3 Qualifying Surprises That Home Buyers Can Avoid

You do not want any surprises while you're in the middle of an escrow on a new home.  Most ...
Home Buyer Get Turned Down By Inexperienced Loan Officers

Why Home Buyers Get Turned Down

I am always surprised at how many potential home buyers are unwilling, or reluctant to gather all of ...
Open House survival strategies for first time home buyers

Buyers Beware: Open House Survival Guide

The danger of window shopping at an open house is that you could fall head first into an ...
The Ultimate Home Buyers Guide to Credit Improvement and Preservation

The Ultimate Home Buyer Guide to Credit Improvement

Not Now.  Not No! Credit improvement is not something you should spend money on if you are trying ...
Rent vs Own is a cost analysis to determine if you should buy a house

Rent vs Own Doesn’t Address All Buyer Concerns

The "rent vs own" argument doesn't even begin to address the questions that first time home buyers have. ...
Insider Guide to Credit Preservation

An Insider’s Guide to Credit Preservation

Credit preservation is proactive act of doing the right things to increase your credit scores. In many cases, ...
Employment history is important when applying for a home loan

Employment History for a Mortgage Application

Your employment history includes calculating income and establishing continuity of employment. There are a lot of moving parts ...
Which is the best loan? FHA and conventional are both great options

When is FHA the Best Loan?

What is the best loan for a first time home buyer? FHA loans get a bad rap, but ...
What your lender doesnt know will hurt you

Lazy Lender? What They Don’t Know Will Hurt You

There's No Excuse Homeowners and homebuyers have plenty of reasons to be both suspicious and cautious about working ...
Reduce Housing Costs by Reviewing compromises you may have made when buying

3 Ways to Reduce Housing Costs

Reduce housing costs and enjoy lower payments and fixed costs on your home.  We all want to save ...

Should I Pay Discount Points on my Home Loan?

Return on Investment I know it seems counterintuitive saying that spending money will save you money, but that's ...
FHA Back to Work Extenuating Cirumstances Explained

FHA Back to Work Extenuating Circumstances Explained

Victims of the recent recession may be eligible to buy a home in as little as 12 months ...
How home buyers win in a competitive sellers market

How Home Buyers Win in a Competitive Real Estate Market

2018 home buyers should prepare for a very competitive real estate market. The key to winning is planning. ...
Homebuyer Basics Getting Started

First Time Homebuyer Basics – Where Do I Start?

Start at the Beginning Buying your first home is one of the most exciting things you will ever do.  It ...
How Risky are ARM Mortgages

Should I Get An Adjustable Rate Mortgage?

An Adjustable Rate Mortgage, or ARM, is a valuable home mortgage financing option that can offer a wide ...
Credit scores are different every time you look. Here's why!

How are Credit Scores Calculated?

Credit scores are calculated each time you pull your credit, based on which model the creditor is using. ...
Short sale after bankruptcy will not hurt credit

Can a Short Sale After Bankruptcy Hurt My Credit?

Challenges with the economy, job loss, lay offs and a slow recovery has forced many homeowners to file ...
Phantom Foreclosure

How Do I Fix A Zombie Foreclosure?

Boomerang buyers are those families that fell victim to bankruptcy, foreclosure or short sale in the past and ...
Zombie Foreclosures

Zombie Foreclosures Haunt Boomerang Buyers

When this phenomenon first began to rear it's ugly head, I initially tried to avoid using the term ...
How to improve your credit after bankruptcy

How to Improve Your Credit After Bankruptcy

Improving your credit after bankruptcy is like getting a complete fresh start. This past week I've had 3 ...
Credit Reporting Errors Prevent Buying after Short Sale

Credit Report Errors Prevent Purchase After Short Sale

Errors On Your Credit Report Could Cost You Thousands The credit monitoring companies aren't lying when they make ...
Maternity leave will not prevent you from buying a house

Home Loan Qualifying Guidelines for Maternity Leave

Maternity leave does not have to prevent you from buying a home. One of the greatest motivating factors ...
How to use a FHA loan after foreclosure

No Automatic FHA Loan Approval 3 Years After Foreclosure

Qualifying for a FHA loan 3 years after meeting the waiting period is not a guaranteed. Tens of ...
FHA mortgage insurance is permanent since 2013

FHA Mortgage Insurance Permanent 2013

FHA mortgage insurance has been required to be remove automatically when the current balance hits 78% of the ...
Money Saving Mortgage Insurance Options

Money Saving Mortgage Insurance Options

Mortgage insurance is something that most first time home buyers are going to have to deal with.   ...
Debt to income ratio flexibility with car loan?

Debt to Income Ratio too High?

Your debt to income ratio is what determines how much you qualify for when applying for a home ...
How to use Seller Concessions when buying a home

Using Seller Concessions When You Buy Your Home

.Seller concessions occur when an interested third party like a seller, real estate agent or lender contribute to ...
What does it mean to reaffirm your mortgage?

What Does it Mean to Reaffirm Your Mortgage in Bankruptcy?

To reaffirm your mortgage is a topic that comes up quite often and seems to be very misunderstood. ...
Bankruptcy does not change ownership in home

Including a Mortgage in Bankruptcy DOES NOT Affect Home Ownership?

I have written several articles about how bankruptcy, short sale, foreclosure or deed in lieu of foreclosure will ...
Conventional home loan cheaper than FHA? YES!

Conventional Low Down Payment is Cheaper than FHA Alternative

Conventional financing with a 3% down payment is, for certain home buyers, a far better option than FHA ...
Get an Appraisal and Home Inspection to Protect Yourself

Home Appraisal and Home Inspection When Buying A Home

Protect yourself with an Appraisal and Home Inspection as part of your due diligence when you buyer. The ...
VA Application Denied - Get a second opinion

Was Your VA Home Loan Declined? Don’t Take No For An Answer

If your VA loan was denied, it's possible that your loan officer made a mistake or the lender ...
Was there a mortgage included in your bankruptcy?

Mortgage Included in Bankruptcy?

Since 2011, I have been focusing much more time and energy to educating folks about being able to buy ...

FHA Streamline Refinance – What’s the Catch?

I know that sometimes FHA home loans get a bad rap because of the mortgage insurance premium, but there ...
5 Down Payment Sources You May Not Know About

5 Creative Down Payment Sources for Home Buyers

Coming up with the down payment and closing costs is the most common reason renters give for not ...
short sale and deed in lieu waiting periods extended after 2014

Buy Again Sooner after Short Sale or Deed in Lieu of Foreclosure?

NOTE:  Short Sale and Deed in Lieu of Foreclosure guidelines were changed in August, 2014 - See new ...
Mortgage Advertising Land Mines Can be Avoided

How to Avoid Mortgage Advertising Landmines

Avoiding mortgage advertising landmines is not a topic that I'm real happy to have to write about. Thing ...
ARM loans have risk for the uninformed

Are Adjustable Rate Mortgages Risky?

Adjustable rate mortgages, or ARM loans, are often blamed for the "toxic mortgage" time bomb that went off ...
Adjustable Rate Mortgage Basics

Adjustable Rate Mortgage Basics

An adjustable rate mortgage, or ARM, is an incredible option under the right circumstances. ARM loans made up ...
Foreclosure is not the only option. short sale or deed in lieu might be better?

Foreclosure, Deed in Lieu, Short Sale – Which is Better?

Buying after foreclosure is a topic that I am passionate about.  You should know that there is light ...

Can I Rent Out My Upside Down Home and Buy Again?

Is your home upside down? Falling home values and record low interest rates make this an incredible opportunity ...
Mortgage included in bankruptcy could keep you from buying again

Mortgage Discharged in Bankruptcy is NOT Free and Clear?

December 2017 UPDATE:  When Fannie Mae changed the waiting periods for a foreclosure on a mortgage included in ...
Is Rent to Own a good idea?

Rent to Own – Good Idea or Not?

Rent to own sounds like a really good idea until you start asking questions. I get this question ...
Update to FHA short sale waiting period exception

UPDATE: Buy Again One Day Out of Short Sale?

UPDATE: Last week I passed along a recent guideline update regarding FHA's stance on allowing the financing of ...
FHA waives short sale waiting period?

FHA One Day Waiting Period After Short Sale?

FHA will waive the waiting period after a short sale, if you can meet some pretty strict criteria. ...
Tax refund can be used when buying a home

Tax Refund Qualifies as Mortgage Down Payment?

A tax refund is one of several ways to come up with a down payment and closing costs ...
mortgage interest deductions from 2010

Mortgage Interest Deduction Going Away?

The Jobs Act and Tax Cuts bill modifying the mortgage interest deduction was signed into law on December 22nd, ...
Protect yourself as a Home Buyer

Home Buyer Beware or Be Empowered?

Home buyer beware as call center lenders hit the airwaves and internet with better ads and bigger promises. ...
FHA Home Loans - The Best Option for First Time Buyers?

FHA Home Loan – The Best Option for First Time Buyers?

FHA loans are a very popular and affordable choice if you are a first time home buyer. It ...
Increase Your Credit Score 5 Points in 5 Minutes

Raise your credit score 5 points in 5 minutes

Did you know that receiving credit card offers in your mailbox can hurt your scores? Have you ever ...
Use gift money when buying a house

Gift Funds for Down Payment and Closing Costs

Gift funds are sometimes a very misunderstood closing costs solution. Receiving gift money is a very way that ...

Competitive Advantage: Under 30 Day Escrow Will Appeal to Sellers

Here's an article that I originally wrote when the real estate market was a little more competitive back ...
Waiting Periods for buying after bankruptcy foreclosure short sale deed in lieu

2018 When Can I Qualify for a Mortgage After Bankruptcy, Short Sale, Foreclosure or DIL

Qualifying for a mortgage after financial hardship is normally only a matter meeting a minimum waiting period. The ...
Closing Costs when buying a home

Timing When Buying Can Reduce Closing Costs

When Buying a home, the month of the year and the day of the month can affect your ...
home mortgage loan pre approval

Getting Pre-Approved for a Home Loan vs. Being Pre-Qualified

What's the difference? There is no greater misunderstood term in Real Estate than the loan "Pre-Approval."  (See our ...
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