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 […]

How to Apply: No Income Verification Loan in 2021

If you’re self-employed, have a high net worth, or want to apply for a mortgage without having to verify your income, then the no income verification loan might be worth considering. Just like it sounds, a no income verification loan doesn’t require proof of regular income to qualify. Qualifying criteria are much more stringent, but […]

How to Use Restricted Stock Units (RSUs) as Qualifying Income Toward Your Mortgage

Does your employer offer restricted stock units as part of your compensation package? Recently, a client asked if they could use restricted stock units as qualifying income to apply for a home loan. It’s becoming more common for big tech companies like Amazon and Google and large corporations to offer company stock to their employees. […]

Will Mortgage Rates Rise With Inflation and For How Long?

Mortgage rates are starting to fluctuate, and there are a lot of predictions floating around about rising mortgage rates. But the pandemic has taught us that nothing is for sure. Trends that used to be predictable are in question. So how can we know whether or not mortgage rates are going to rise or stay […]

Is Buying a Home a Smart Move Right Now?

For a lot of people, this has been the year of transition. Work from home, back to the office, zoom school, back to campus, hybrid everything, and each month there’s a new set of rules. The big question I’ve heard a lot—is buying a home still a smart move? Is now a bad time to […]

Lower Your Mortgage Payment with the FHA Streamline Refinance

The FHA Streamline Refinance is one of the fastest and easiest ways to lower your monthly mortgage payment and save you money. This type of home loan refinance is only available to homeowners who currently have an FHA home loan, so it’s worth finding out if you qualify. For homeowners who have an existing FHA […]

How to Cancel PMI and Lower Your Monthly Mortgage Payment

Private mortgage insurance (PMI) is typically required for homeowners who put less than 20% down toward their home loan. In general, private mortgage insurance (PMI) is 0.5 – 1.5% of the total loan amount and is tacked onto the monthly mortgage payment. It can easily add a few hundred dollars to your mortgage payment every […]

Renting vs. Buying a Home in 2021

Renting vs. Buying a Home in 2021 No matter where you live, this past year brought a lot of uncertainty. Now with 2021 underway the housing market is shifting again. Deciding to rent or buy a new home in 2021 comes with a whole new set of questions this time around. Deciding Whether to Rent […]

Jumbo Mortgage Rates are Rising – Should I Refinance?

Some of my clients are asking, should I refinance my jumbo mortgage now or wait? It might not be the right move for every homeowner but it could be a smart financial decision depending on your financial goals. Yes, mortgage rates are starting to rise. Mortgage interest rates are still low, but as mortgage rates […]

Today’s Housing Market: How to Win the Bidding War

  Today’s housing market is changing rapidly and housing inventory is dropping. A lot of homeowners are taking advantage of low interest rates to refinance their mortgage or start renovations. Some homeowners are selling to move to less expensive areas, and they know the housing market is already shifting in their favor. So if you’re […]