Get Approved for an FHA Mortgage with 3.5% Down

An FHA home loan is one of the best options for new homeowners and first-time homebuyers. FHA mortgages have more flexible requirements for approval and offer some of the lowest mortgage rates available. With an FHA loan, you can get approved with a lower down payment and an imperfect credit history. FHA loans are government-backed […]

Buy a Home in 2022 and Get Your Best Mortgage

Buying a new home or refinancing your mortgage can put you on the right track toward building wealth and a secure financial future. So it makes sense to put some effort toward getting the best mortgage you can. Searching for low rates is where most homebuyers begin. These next steps will help you get the […]

When It’s Time to Choose a New Mortgage Broker

Buying a new home or refinancing your mortgage can help you build wealth and put you on the fast track to reach long-term financial goals. So it makes sense to shop for the lowest mortgage rate. At first glance, this seems like a smart move, but it’s not always the best financial move. But choosing […]

Tis the Season for Buying and Selling

Traditionally, we think of spring and summer as the best seasons for buying or selling a house. But these past several months keep testing tradition. As we enter into winter holidays, house sales keep inching up, mortgage rates are hovering at 3.5%, and the housing market is as busy as ever. Several homeowners are continuing […]

How the Fed Announcement Affects Mortgage Rates

Earlier this week, the Federal Reserve Board announced its decision to reduce its bond-buying program. So how does this affect mortgage rates? Each time the Federal Reserve makes an announcement, the markets respond. Whether the shift is small or large, clients often want to know if the fed announcement will impact mortgage rates. More importantly, […]

How Much House Can I Afford Right Now?

One of the top questions I hear from clients is, “How much house can I afford right now based on my salary?” Usually, they tell me what they make and want to know how much house they can afford based on that criteria. But salary is only one part of the equation. To figure out […]

Primary Residence: The Real Definition and Why it Matters

First, primary residence and principal residence mean the same thing. So when we talk about mortgages, primary residence and principal residence are interchangeable terms. What is a Primary Residence? In short, a primary residence is the main location where a person lives. It could be a home, condo, apartment, or even a boat. The main defining criteria are simple: […]

When Should I Buy Mortgage Points?

When you’re ready to buy a home, you can lower your interest rate by buying mortgage points. If getting the lowest interest rate is your primary goal, then choosing to buy mortgage points or “discount” points can make a lot of sense. But paying mortgage points at closing isn’t always the best financial decision when […]

Financing a Condotel Loan (It’s Easier Than You Might Think)

If you’re having trouble getting a condotel loan or financing a luxury condominium, you’re not alone. Many property owners and investors are looking to diversify their portfolios while rates are still low. But conventional guideline restrictions on condotels and non-warrantable condos have made it a little more challenging to apply and get approved. Well-qualified borrowers […]