As I’ve been talking about for the last few weeks, new HUD guidelines were released which allow people who have had a foreclosure, short sale, pre-foreclosure, or bankruptcy to purchase a home in as little as 12 months from the incident. To qualify there are certain requirements which must be met, including meeting minimum credit […]

Last week, I touched upon the new HUD guidelines released which change certain requirements related to people who experienced an economic event during the great recession. These changes allow you to purchase a home much sooner than before, even if you short sold, went into pre-foreclosure, or foreclosed upon a house, so long as you […]

In my last post, I discussed how the new HUD guidelines released last week helped those who have had to file bankruptcy. Today, I would like to explain the benefits outlined for anyone who has been through a foreclosure in the last few years. In the past, you were ineligible to purchase a new house […]

As I discussed last week, HUD recently released new guidelines for borrowers who have experienced an “economic event” in the last few years. These new guidelines allow qualified loan officers to help borrowers who were forced to declare bankruptcy buy a house if the borrowers meet certain guidelines, and if they experienced an economic event. […]

In a continuing effort to help people rebuild their lives after the great recession, HUD released new guidelines this week which open up the availability for borrowers to qualify for an FHA loan after a “economic event.” Under previous guidelines, to be eligible for an FHA loan, you needed to wait 3 years after a foreclosure,  short […]

When it comes time to calculate a mortgage payment, most of my clients simply ask me what the payment will be, and decide if they are ready to move forward or not. Occasionally, I have clients who want to know the interest rate, term, and loan amount I am basing my figures on so that […]

Most mortgages financed in the last 10 years include something called escrow. And all that escrow is, is a monthly payment to cover the taxes and insurance on your home. Instead of paying your insurance twice a year when the payments are due, or having to worry about a large tax bill at the end […]

Ultimately, the most important factor in getting any mortgage closed is the applicant. And by this, I don’t mean the credit worthiness, income, or anything else; I mean the willingness to collect documents, the willingness to provide information, and the openness at the beginning of the process. When I submit an application and it is […]

The Pay it Forward Promise is a program which I started in January of this year as a way to give back to the community. I made a resolution to help people more, and this has been a great way to do that. It is something I am proud to offer, and something which makes […]

When shopping for your first house, there are many things to consider – where do you want to live, what type of house do you want, what architectural design do you want, how many bedrooms and bathrooms do you need, do you want a big yard or a small yard; the list is as long […]