When buying your first house, it is important not to get overwhelmed by the questions which will be asked and the information which will be thrown your way. In order to help prepare yourself, you should consider a few key things – by doing so, you will save yourself a lot of time and grief […]

As you move through the mortgage process, you will eventually reach a point where the underwriter begins to ask you for supporting documentation to clarify something which is not 100% clear. These requests, known as stipulations, or “stips,” allow the underwriter to make a final decision on whether or not to approve the file. These […]

Another year is coming to a close. It has been an incredible one for me and my parent company, Ross Mortgage. As the next week closes out, I look forward to sharing your Pay it Forward results. I feel truly blessed to work with the incredible staff and clients with whom I work, and want […]

Over the last few weeks, I’ve talked about what a fixed rate mortgage is, what an adjustable rate mortgage is, and how they compare to one another. Today, I would like to discuss a specific mortgage which has gained a lot of media attention over the last few years: the Option ARM. An Option ARM […]

A growing trend I have noticed over the last few years is homebuyers looking to go through the process without a realtor. And while you can save some money in fees to the realtor, I personally would not recommend this. A realtor adds a lot more to the home buying process than many prospective homebuyers […]

Speculative real estate transactions have become extremely popular again in the last few years. Depressed house values combined with historically low interest rates have created the perfect environment for people looking to flip homes for a profit. But for many, this does not mean buying the house with cash, it instead means getting a mortgage […]

Everybody wants a bigger house. Well, almost everybody – I’m sure there are some billionaires who are happy with their mansions – but for the rest of us, the idea of a bigger house is usually alluring. And with the still depressed prices in much of the market place, and the still low interest rates, […]

Last week, I explained the difference between a foreclosure and a short sale. And obviously, these houses can be a great option for the right buyer, especially first time home buyers. This week, I would like to explain the process of buying these types of houses, as it can become a little tricky depending on […]

Many of my customers look at foreclosures and short sales to try to find a deal on a new home. There has been a lot of media hype in the last few years around them, and almost anyone will tell you that you can buy a house cheaper this way than through traditional means. But […]

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 […]