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 …
Big Changes in the Availability of Condo and Coop Financing!
We all probably remember the June 2021 tragic collapse of the twelve-story, oceanfront condominium, Champlain Towers, in the Miami suburb of Surfside Florida. Ninety-eight people were killed in the …
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Mortgage Industry Improves…And Gets A Bit Worse. Allow Faith to Prevail Over Fear.
On one front, the crisis as it’s been effecting the mortgage industry is abating. The mortgage-backed securities market has stabilized and at least for conforming-sized loans, interest rates are …
Dispelling Home Lending Myths
Last updated 2/19/2020 Obstacles to home-ownership have reached such mythical proportions that many prospective home buyers believe it’s futile to even try! Fortunately, many of these perceived …
Need More Reasons Why You Should Use a QUALIFIED Certified Mortgage Planning Specialist®? Ask Another Client! – Part 3
Scenario: Self-Employed Borrower owns a wholesale food distribution business. He wants to purchase a new home, and then afterwards, sell his current residence. He has good credit, …
Why Use a QUALIFIED Certified Mortgage Planning Specialist®? Ask This Client!
Scenario: Borrower recently divorced. For over ten years, she’s managed the house and raised her children. She hasn’t worked outside the home since her children were born. …
