Good communication is essential to closing your home mortgage on time. It is so important that communication should be one of the main qualities buyers should evaluate in selecting a mortgage loan officer to help with their home purchase.Some communication expectations:Returned phone calls – this
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10/31/2016
VA home loans offer 100% mortgages for eligible veterans. This includes mortgages for purchases and for cashout refinances. Even for new home construction. VA One Time Close mortgage allows for veterans to finance the construction of a new home with 100% financing.The VA construction permanent lo
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10/13/2016
Here are some reminders for home buyers, about things to do and not to do which can impact your home mortgage closing. Buying a home is best when it is a planned life event. A couple months before beginning the home search and mortgage preapproval process, looking at your credit and assets is rec
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10/13/2016
USDA Rural Development is an excellent home mortgage program for eligible buyers and homes. The program allows no down payment, 100% LTV mortgage. While there is mortgage insurance, the monthly premiums are less that the premiums for FHA and have actually been lowered effective 11/1/2016. See my
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10/12/2016
VA loans have an income requirement in addition to the more common debt to income ratio, DTI. VA’s Residual Income can affect a veteran’s loan approval, especially at the lower income levels.VA Residual Income is based on family size and region and loan size: Table of Residual Incomes by RegionFo
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10/10/2016
Manufacture homes are eligible for financing with FHA, VA, and conventional loans. For many buyers looking for maximum square footage at a lower price, manufacture homes can be an attractive option.The most important additional step for financing a manufactured home is the requirement for an engi
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10/10/2016
