I Want The Best Rate

I Want the Best Rate

“I want the best rate!” Sure I hear that all the time. This is likely the second most asked question after “how much do I qualify for “. The best rate request is most always answered by, “Sure we can give you the best rate, just Continue reading

Income Consistency

Income Consistency

I have often written about the different parts of the mortgage loan process and the components that are needed for a full approval. Yet, it’s been a while since I can remember focusing on just income. So, let’s all take a peek into the basics of qualifying income—Including you well-educated higher income earners, Continue reading

Balancing Your Total Scorecard

Balancing Your Total Scorecard

There are many factors that are needed for a full loan approval. It’s not that easy to say “Hey, I make over 100 grand a year, my credit score is in the high 700’s, why are you asking for all this stuff?”

In general, it’s easy to say the person with the 800-credit score, no debt and a large retirement income will be one of the simplest and fastest loans to approve. The system can easily throw a monkey wrench into the mix once a lender finds out the same person owns ten rental properties.

It’s not much different at Continue reading

Things Not To Miss

Things Not To Miss

I am sure you all can relate to having planned a business trip, vacation or simply just trying to head off to school or work only to find you missed or left something behind.  No matter how minor an item may have seemed at the time, later on it turned out to be a devastating thing to have forgotten or missed when getting ready.

I have seen very well-established business people, attorneys, doctors, engineers and others, overthink or feel something so little is so insignificant that it doesn’t apply to them. I have seen the most disciplined and the not so disciplined miss or forget the do’s and don’ts when going through the mortgage loan process.

All the same rules apply to everyone, no matter what your background or financial position is. Everyone is treated fairly and equally, whether you’re a financially strong or a millennium thinking you’re just entitled to it.

Here are some of the basics:

Do be accountable and responsive to your lenders request

Do pay the IRS and your student loans

Do pay your bills on time

 

Do not put cash in to your accounts, unless you are a very well documented cash business

Do not open or close any credit lines

Do not bounce checks

 

Do not spend money, rather save money

Do not go out and spend $400 a month on fast food, make your own coffee and bag a lunch

Do not move money throughout all your accounts without first asking

Do not hide that you own other properties

Do not lie on your application

Do not withhold information about alimony or child support

Do not lie about being married or not, no you cannot buy a house for your girlfriend without your wife knowing

Do not buy your new furniture before you buy the house

Do not buy a new car, put band aids on the old one instead

Do not schedule days off from work without a clear to close on your mortgage loan

Do not call your landlord bad names, I need them to fill out your verification of rent

Do not be afraid to ask questions.

 

Asking questions could save you thousands of dollars. Remember attaining home ownership is something you work for and earn, it’s not an entitlement.

Think about and plan everything you do and we will see you at a happy closing table

 

Why Inspections

Why Inspections

Purchasing real estate is a big move for most people. Most buyers are slammed fast with all the to do’s by Realtors, Title Companies, and Lenders. The process is works best when spread out over the first 15 to 20 days to reach that closing time frame of under 30 days.

Can the process be completed in under 15 days and closed? There is that possibility and in fact it does happen more than you would think, especially when everyone is on top of their game including the buyer.

Most home purchases include these following standard inspections:

Continue reading

Am I Ready to Buy

Am I Ready to Buy

Many people wonder when is a good time to get married or have kids. That’s a bit different to asking “am I ready to buyer a home? The fact is we all need a place to live, whether you’re are still home with mom or she’s now living with you.

The main drivers behind buying a home is need and desire. The combination of these do go hand in hand. You can have need but without the desire to purchase one you not going to get yourself ready.

How do you know when you are ready. Continue reading

About Property Surveys

Property surveys for your new home purchase provides much need information about the property you are about to close on. There are many good reasons to have a survey completed which include but not limited to:

  • boundary lines
  • easements
  • encroachments
  • zoning
  • and well location.

 

Additional Continue reading

But it’s my money

But, It’s My Money

There is no doubt that most of us work hard for every dollar we earn. Not everyone has inherited a million dollars. But no matter how we get our money, we must prove that it’s yours if you want to use it purchase a home with a mortgage loan.

There are a few major rules when it comes to mortgage loans when purchasing real estate for residential use. Continue reading

Remembering Our Troops

Every year we enjoy a great weekend at the end of May. We spend time with family around the pool and most certainly have the BBQ going for all to enjoy a great meal. Many of you will spend time at the beach soaking up some sun, having a festive time or simply relaxing.

I hope that at one point in this weekend where ever you are; we all take a moment to pause and remember we could not enjoy this time without many of our Soldiers or Marines at one time or another hitting the beaches under heavy gun fire. Many of these men paid the ultimate price for us to be free, to enjoy such privileges. Remember them and I hope you all have a safe and happy Memorial Day weekend!

Being a Responsive Consumer

Being a Responsive Consumer

Our office is structured so that all calls or emails get returned by the end of the business day. The office is set up with coverage from 8:30am until 7pm and we also have staff on call after hours and on the weekends. We know how important it is for the consumer as well as the Realtors to have access to us. We understand the importance of the time frames in your purchase and sales agreements. We only wish you did too.

In order for you as a buyer and your Realtor to be competitive in the market it’s important to Continue reading