Your Search for Homes

Your Search for Homes

Today with the internet and all the realtor websites out there most people start their home search as much as a year in advance of their home purchase. The same goes for those selling their homes. Many people will spend hours and even days on end on the internet reviewing what homes area selling for, what condition those homes are in compared to theirs and what they need to do to prepare for the sale of their home or purchase of their new home.

I have watched people spend days negotiating the price of a home or after spending hundreds of dollars on home inspections to walk away from a deal over $1000 or $2000 in needed repairs or Continue reading

Understanding Your Income

Understanding Your Income

Income is still one of the most difficult things for a consumer to understand; what of their income is considered qualifying income for their debt to income ratios. This is not as simple as saying ok, “I make $15 per hour and work 40 hours per week”. That sounds so simple but may not be. This can be Continue reading

Time to Review Pre-qual vs Preapproval

Time to Review Pre-qual vs Preapproval

Today both consumers and Realtors are looking for some type of qualification prior to entering into a contract. Most Realtors require their buyer to be at least prequalified prior to showing them homes. Otherwise they feel the potentional buyer may just be wasting their time. Savvy buyers on the other hand really want to know their limits prior to shopping for a home. To a buyer there is nothing worst then looking at homes they cannot afford or would not qualify for. It sets unreal expectations and sets the stage for disappointment down the road.

Many Realtors and Buyers misuse and/or misunderstand the differences between the terms pre-qualification and preapproval. I have written about this before but Continue reading

New Changes in the Rules, May 2018

New Changes in the Rules, May 2018

The 115th Congress (2017-2018) passed S. 2155, The Economic Growth, Regulatory Relief and Consumer Protection Act, which includes several critical regulatory provisions. Although most provisions are welcomed by most some leave others with different concerns such as Continue reading

I Didn’t Think

I Didn’t Think

It’s a tough thing to understand when you’re not working in the mortgage world. Most home buyers only experience a purchase or refinance every 4 to 7 years. Every year the rules change a little along the way but in reality, the basics remain the same.

The basics are the simple stuff which include your  Continue reading

More Than Today

More Than Today

I have always had in the back of mind what my goals and dreams were. Unlike most, mine are written down and have been part of my long term business plan. I meet with many people every month and have a full view of most everyone’s financial picture. Although people are very different, and we’re as different as each other’s finger prints, most people break down into just a few different types when comes to people who are ready to retire.

Some are Continue reading

It’s Just Sneaky

It’s Just Sneaky

Do you remember when you were a kid and you did a paper or drawing at school and when you got home, your mother would put it on the refrigerator for all your family and friends to see. There is no doubt your mom was proud of you and she wanted the world to know that. She maybe wanted to encourage you to continue to do good work. Maybe the deeper meaning was to teach you as you grew older that if your work was always good enough you should put your name on it for everyone to see.

I know many of us receive letters or postcards in the mail. The mail looks like a check or a notice from your mortgage lender, but Continue reading

Credit Pulls and Credit Alerts

Credit Pulls and Credit Alerts

Timing a credit pull can sometimes be the hardest thing we have to ‘guestimate’ when to do. Allow me to explain. For a proper prequalification, a credit pull is essential. Before we do this, we always ask the borrower what they think their credit is or what they think their credit is like. Believe it or not over 85% of people are Continue reading

Paper Versus Electronic

Paper Versus Electronic Documentation

It’s funny how we all see things, as a man in his mid-fifties who has been married thirty years, I still never see myself as old – although my kids do! I just think some of my joints have worn out way before their time. I mean, if you live in my community there are people over 100 years old still driving themselves around town. This can make anyone my age feel very young.

After all, I do consider my myself a pretty healthy guy with a little extra coating around the midsection to help keep me warm, oh forget that, I live in Florida. No really, I am pretty healthy especially for my age but recently I have had to make a few trips too many to the VA hospital. Something popped up that gave me a little concern and reminded me that we are all still vulnerable no matter how strong or healthy we think we are.

My point is, after looking around the hospital Continue reading