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 […]

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 […]

Want to Be a Landlord? Know How It Will Affect Your Debt Ratios

One of the most consistent and safe investments continues to be real estate. Yes, there are always ups and downs but over time real estate as an investment asset is hard to beat. Flipping houses was a fad several years ago when No-Doc loans and loans for those with damaged credit were everywhere. Yet experienced […]

What Happens When Your Loan “Funds”

The one term that loan officers like to hear is the word “fund.” Why? Because it signals the loan approval process has come full circle and the loan is officially closed. There are multiple stages in the loan approval process and each stage must be completed before the next can be taken on. Initially, it’s […]