Stocks, bonds, mutual funds: As you know Fannie Mae has been continually trying to relax qualifications and procedures for borrowing/lending. With this in mind they have also implemented some of changes to the use of Stocks, Bonds, and Mutual funds as reserves. The changes were announced in lay May and more details came about in […]

Anytime Fannie Mae makes regulatory changes it draws a ton of curiosity. Often times Fannie Mae changes aren’t beneficial for the consumer, realtor, and mortgage bankers. Well, I have good news for you! Most of the the regulatory changes that are now in effect as of August 15th, 2015 include relaxed qualifications and procedures. Essentially […]

Shifting a paradigm. What does that mean? Why is it important? Just like any sector of business, Real Estate is one full of paradigms. In this case lets qualify a paradigm as a certain set of procedures that dictate the operation and flow of business. To be specific, we are talking about the current process […]

As the year comes to an end and we enter December, the crunch begins to meet year-end closing deadlines. There are a number of reasons why people want to close by the end of the year, but most of them revolve around taxes. And I find that every year during this first week of December, […]

I’ve been in this industry a long time and I’ve seen house prices go up, I’ve seen them go down, I’ve seen the economy shoot up, and I saw it come crashing down. But one thing that has been consistent over the last decade and a half has been the questions around this time of […]

There is a common adage which says you should never leverage your house (a long term asset) to pay off short term debt. The reason being you don’t want to lose your house over what should otherwise be credit card debt or medical bills or some other, less important debt. And while there is some […]

      Check out my interview, Mortgage Tips for First-Time Homebuyers on Michigan Homes, one of the top sites for Michigan homes for sale, including Rochester, MI homes for sale. Michigan Homes also services Wisconsin real estate and Illinois homes for sale.  

On Tuesday I talked about ways to buy a house with bad credit. While it can be difficult, it is certainly something which can be overcome. The only thing harder in the world of credit to overcome is no credit history, at all. Underwriters have nothing to base your creditworthiness on, meaning they have no […]

It’s my favorite holiday again, and I want to wish everyone a happy and safe 4th of July. I’m taking the day off from my blog to observe the holiday and spend time with my family, as I hope you are, too. I’d love to hear what my faithful readers are doing this year, so […]

Though the true refinance boom of the last few years is starting to wane, there are still many homeowners finding real value in a refinance for a number of reasons. For some, the value comes by lowering the monthly cost of the mortgage. For others, they like the idea of saving tens, or even hundreds, […]