There are 4 "milestones" in the creation of a mortgage from start to finish, which are as follows: PROCESSING - the initial stage where the Lender takes a close look at the Borrower "on paper" by pulling credit and gathering such documents as Paystubs, W2 Forms, Tax Returns, Bank Statements, etc.
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03/03/2023
Knowing the truth behind mortgage quotes has never been more important. As part of the MORTGAGE DEEP DIVE video education series, The Truth Behind Mortgage Quotes takes an in-depth look "behind the curtain" of how mortgage quotes are actually customized and quoted (and how consumes may be duped i
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03/02/2023
Will Low Unemployment Figures Prevent A Recession in 2023? According to Treasury Secretary Janet Yellen, "You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in 50 years." With the unemployment rate at 3.4% (the lowest since 1969), is Ms. Yellen correct?CEO's th
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02/09/2023
Real Estate Professionals are no doubt all-too-familiar with the Real Estate Settlement Procedures Act (RESPA), but are you aware of some of the not-so-obvious violations?In short, the chart below lists some violations that may seem harmless, but they are indeed putting multiple parties at risk e
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02/08/2023
What are some of the psychological impacts of a Divorcing Couple dealing with the marital home? In this interview, Dr. Sue Cornbluth, Clinical Psychologist interviews Certified Divorce Lending Professional (CDLP) and Certified Divorce Real Estate Expert (CDRE) Jason Gordon to discuss the need to
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02/02/2023
Can I use rental income to qualify for a loan? Seems like a clear and concise question, but the answer will vary depending on the overall characteristics present. Below is a grid referencing Fannie Mae & Freddie Mac "Conforming" (aka "Conventional") underwriting guidelines. As you can see, Len
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12/21/2022
Understanding Cash To Close (aka Funds To Close) is absolutely essential in order for Homebuyers to make informed decisions about how much of a home they can purchase within their budget.As part of the Mortgage Deep Dive video series, below is a video designed to help Homebuyers understand the nu
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12/05/2022
Understanding monthly mortgage payments is absolutely essential in order for Homebuyers (and Homeowners) to make informed decisions about their real estate financing endeavors.As part of the Mortgage Deep Dive video series, below is a video designed to help Homebuyers and Homeowners understand th
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11/30/2022
Fannie Mae & Freddie Mac have recently announced their new Conforming and High Balance Conforming Loan Limits for 2023. If you are a Realtor, Financial Planner and/or Attorney, do you know how to articulate this great news to your Clients? Here are a few talking points: In most counties across
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11/29/2022
A true "win-win" strategy for both Homebuyers and Home Sellers? You can't scroll social media nowadays without coming across videos and/or posts discussing 2/1 or 3/2/1 mortgage rate buydowns, but do you know how they actually work? If you are a Real Estate Agent and do not fully understand how S
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11/21/2022
