Posts

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 […]

Get a Mortgage with 100% Financing for Medical Professionals

The medical professional home loan (aka physician loan or doctor loan) is built to help you qualify for a mortgage with 100% financing. That’s a zero-down payment, even with heavy student loan debt. You can even qualify before you’ve finished your residency once you have an employment offer pending. Physicians, medical professionals, and other healthcare […]

Is It Still Worth it to Refinance My Mortgage?

Refinance rates are hovering below 3% for qualified borrowers, so if you haven’t refinanced a mortgage in the past six months, now is the time to take action. I’ve been getting emails from clients asking if it’s still a smart time to refinance. Yes! Keep reading to learn which mortgage refinance loans might be the […]

Making an All-Cash Offer: Should I Still Get a Mortgage?

So you’re in a bidding war, and you know your offer needs to stand out. For homebuyers who have the cash, making an all-cash offer can get you across the finish line and into your dream home fast. Making an all-cash offer removes the financing contingency and puts you in a competitive position. When sellers […]

5 Steps to Buying a Condo in 2021

Buying a condo for the first time can be a smart path to homeownership in 2021. Condos offer homeownership at a lower purchase price than single-family homes and a lot less maintenance. Buying a condo also offers community living, access to shared amenities such as fitness centers, pools, tennis courts, or parks. As a result, condos are […]

You Don’t Need 20% Down for a Good Mortgage

For many homeowners, saving money for a large down payment can take years. Add to that rising house prices and discouragement can set in, especially if house prices are rising faster than you can save. But you don’t need to put 20% down on a new home to get a good mortgage. In fact, putting […]

How to Use Home Equity to Buy a Second Home

Mortgage rates are still low and a lot of homeowners are thinking about expanding their portfolio. If you have a good chunk of home equity right now, it’s a good time to think about investing in a second property. I’ve been fielding questions from clients recently: Is now a good time to purchase an investment […]

Behind on Mortgage Payments? Request a Loan Modification

  If you’re behind on your mortgage payments or even facing foreclosure, you might be able to save your mortgage by requesting a loan modification or refinancing your mortgage. On July 23, 2021, the Biden Administration announced a new plan to offer mortgage relief to homeowners, reducing some mortgage payments by up to 25%. Under […]

Refinance Rates Drop as FHFA Eliminates Fee

Last week on July 16, 2021, the FHFA formally announced plans to eliminate the 0.5% adverse market refinance fee, sending lenders into a competitive race to drop rates for qualified borrowers ahead of schedule. According to the FHFA press release, “Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries […]

Jumbo Loan Limits for 2021: Shop with Confidence

Earlier this year, jumbo loan limits increased to $548,250 in most of the U.S. and up to $822,275 in high-cost areas. Why does this matter? Jumbo loan limits put mortgages in two distinct buckets: conforming home loans and non-conforming home loans. Depending on your homeownership goals, you might want to shop within conforming limits so […]