These days, mortgage rates are significantly higher than the two and three percent rates we saw only a few years ago. While these higher rates are not preventing buyers from purchasing homes, it’s …
The Schemes the Big Box Banks are Using to Attract Borrowers.
I recently had a conversation with a Realtor I know. He told me about the tactics some of the banks were using to market to his borrowers. “They sound really good!” he told me. “Can you offer these …
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DID YOU KNOW??
Real Estate Agents Are NOT Required to Give Out Three Names When Referring! For years, realtors have told me they must furnish three names when referring an inspector, attorney, or mortgage …
DID YOU KNOW??
A Two-Year Work History is NOT Necessarily Needed! In addition to verifying whether a borrower earns enough to qualify, lenders are required to verify the stability of a borrower’s income. The …
DID YOU KNOW??
To qualify for a mortgage, there are many other possible sources of income besides earned income? When applying for a mortgage, I’ve seen too many occasions where a borrower was denied by “their …
DID YOU KNOW??
Lenders Are Underwriting Condos and Coops More Strictly Than Ever Before! In June 2021, the twelve-story, oceanfront condominium, Champlain Towers, in Miami Florida collapsed, killing ninety-eight …
