Have a safe and merry holiday season this year! If you are in the market for a new home, or think you might be in the market at some point later in the year next year, it is important to understand the impact of the Dodd-Frank changes going into effect in January. Should you have […]

Last week I discussed the new Dodd-Frank regulations and how they will impact home buyers, as well as what a Qualified Mortgage will be per the Dodd-Frank regulations. On Tuesday, we discussed the Dodd-Frank Ability to Repay Rule as it relates to the new DTI hard cap of 43%. And today, I would like to […]

As I mentioned last week, the Dodd-Frank regulations going into effect on January 10th will have a significant impact on both the mortgage industry and individual borrowers. Under the new regulations, there are a number of requirements to classify a mortgage as a Qualified Mortgage, and if a mortgage does not meet these stringent guidelines […]

As I discussed earlier this week, there are new regulations which will go into effect on January 10 which will impact the mortgage industry pretty significantly. Of all the new changes, the most important to borrowers is the “ability-to-repay rule,” which sets new standards on what is and is not an acceptable mortgage. This new […]

There is a lot of buzz relating to the new Dodd Frank mortgage guidelines which go into effect on January 10th. I have noticed an increasing number of on-air personalities have been discussing it on TV, and most of this discussion is in mortgage jargon. I think these changes can have a staggering impact upon […]

As a mortgage professional, I meet a lot of folks who are just starting out. They are renters who are on the fence, wondering whether or not purchasing a home makes financial sense. This is a common question which most first time home buyers have, and it is certainly understandable. So when I have this […]

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 […]

Happy Thanksgiving from my family to yours. I hope your day is safe and enjoyable. If you should have any questions about obtaining a mortgage, please contact me.

The last few years have been great for people looking to buy homes inexpensively. And what I have seen is a lot of professional flippers and investors doing really well in the current market, while average home buyers are not fairing so well. This contrast comes largely from the appetite which investors have for foreclosures. […]

After discussing different options for the type of mortgage a client might want, the conversation will often come back to this question: am I better off with an adjustable rate mortgage or a fixed rate mortgage? And while I would love to be able to definitively answer that question for my customers, the truth is, […]