Millennials and Money – Cheap Rates under Higher Income

Did you know, young buyers are more qualified today than their parents were, and here's what to know! Money is half the cost for Millennials than it was for their parents.  A $50,000 loan then is the same cost per month as a $100,000 loan now (simple math on lower rates).  Also, the percentage of [...]

Fannie Mae Guideline Updates

On June 30, 2015 Fannie Mae released some major improvements to their guidelines. Download the changed Fannie Mae Guidelines here.  The biggest change that helps homebuyers is the new no equity in departing home guideline that will help a ton of buyers get out of an old home with no equity requirement (even if the [...]

Integrated Disclosure Rule: TILA & RESPA Updates

The Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) promise to change how banks present disclosure materials on August 1, 2015. Prepare your loan officers and bankers with the following sample forms, FAQ sheets, webinars and other resources designed specifically to help bank officials meet compliancy by the August 1 deadline. [...]

The Qualified Mortgage: What Is It?

If you’ve been thinking about refinancing your mortgage or are preparing to buy a home, you may or may not have heard about the new mortgage rules that took effect January 10 of this year. In 2010, as a response to the housing crisis of the last decade, Congress wrote the Dodd-Frank Wall Street Reform [...]

The Clear Path

Everyone likes to know what the future will bring. There’s a certain comfort in predictability. Sure, an adventure of any sort can get be exciting but certain things shouldn’t be left to chance. For example, if you want to take a trip somewhere that you’ve never been, don’t you want a map/plan? At least directions [...]

The Out-of-Towner

The Internet certainly has its advantages. It seems that most anything can be researched, scoured and discovered simply by logging online and typing in a few keystrokes in Google. And if the Internet has helped any industry more than the real estate, I’d like to know. Real estate agents can post their client’s property on [...]

Three Things

Have you ever thought about being a landlord? Or have any of your clients mentioned to you the possibility of investing in real estate? If they did, you certainly jumped at the opportunity and went shopping for possible deals on behalf of your new-found investor. But do you have other clients that might like to [...]

Changing Midstream

There’s nothing wrong with changing your mind. It happens all the time. Even if someone spent a considerable amount of time evaluating a situation and coming to a conclusion, sometimes things change during the course of events and the original plan must be scrapped. That can happen with a mortgage application as well; but when [...]