12 Apr 2023 April 6, 2023 Calculating income can always be challenging, and some lenders don’t pay attention at the beginning, which causes issues down the road. Below are a few essential things that a Loan Officer needs to be careful with when they are qualifying a buyer: Buyer has two jobs – They MUST be on BOTH jobs for a […] Share on Facebook Share on Twitter
12 Apr 2023 April 4, 2023 There is a lot of hesitation out there about where interest rates are and the affordability that we have at this time. The good news is interest rates are at their lowest levels since last September, and they could be heading lower, but nothing drastic will happen quickly. In a meeting last week, we decided […] Share on Facebook Share on Twitter
12 Apr 2023 April 12, 2023 Now that the California Dream for all is gone, I thought about this equity share and how many people fell in love with the idea. It was so popular that we ran out of money in 11 days! Do you think this option is viable for your clients as we advance? Do you think some […] Share on Facebook Share on Twitter
30 Mar 2023 March 30th, 2023 We sat in a meeting on the California Dream for all, and below are some key bullet points that we need to be concerned with on this program! For those of you living under a rock, this program allows a buyer to buy with no down, but the state will come in with 20% as […] Share on Facebook Share on Twitter
21 Mar 2023 March 21, 2023 Clients are always asking if there are incentives for first-time buyers, and there are usually a few. Still, recently, Fannie Mae decided that they would give credit to first-time buyers that get rid of some of their Loan Level Price adjustments, saving many of our first-time buyers about .250% on their interest rate, but there […] Share on Facebook Share on Twitter