Category: Blog

How Much Down Payment?

For every home purchase, most loan programs require a down payment.  It all depends on which program you can qualify for. Lets go over each program: 1. FHA:  Minimum Down Payment Requirement 3.5% of Purchase Price 2. Conventional: Minimum Down Payment Required: 5% of Purchase Price 3. HomeReady/HomePossible: Minimum Down ...
READ MORE

New Job? Can You Qualify?

Many clients ask me if they have a new job, can they qualify for a new home? The clear answer is yes and no….;) Yes:  If you have a full 2 year work history with minimal gaps.  So, if you were working at your previous employment for lets say 1 ...
READ MORE

Should I Refinance?

What a year it has been. As we turn into the new year, many clients ask me to refinance their homes.  The first thing I ask them is, “What is your goal?  Are you looking to lower your rate, lower your payment, cash out, or all of the above?” Values ...
READ MORE

Should I buy down the rate?

Should I buy down the rate? We receive many questions about what is buying down the rate and is it worth it?  The concept of buying down the interest rate is a way to give the lender an advanced interest at current cost.  In order words, the present value of ...
READ MORE

Are You a Self-Employed Borrower?

With our current booming economy, more and borrowers are starting businesses or taking on freelance work.  That’s a great thing for the economy, but not so great when applying for a loan.  Here are some pointers when applying for a loan as a self-employed borrower: Are you 100% owner of ...
READ MORE

5 Tips to Increase Your Value and Appeal Without B...

Ok, so, you are ready to sell your home. You know you need to make some improvements, but budget is tight, and you want to make the property more appealing. I know the feeling… ​ With my experience as an appraiser and as a real estate broker,  I have come ...
READ MORE