Remove Co-Signer When Refinancing Your Mortgage
Compared to every other mortgage loan program, the FHA loan has significantly more parents who co-signed on their children’s loans.
Category: Mortgage Tips
Burning Cash Is Insane
There actually was a time when people incinerated their cash. Some even used it as wallpaper because the money was worthless. It […]
Free Credit Reports from the Bureaus
The three primary credit bureaus that establish your credit scores are TransUnion, Experian and Equifax. It is not uncommon for all three […]
Tips & Tricks to Boost Your Credit Score
Often, I hear people asking about tricks to boost their credit score. Here’s a simple one: Keep paying down your credit cards […]
Acceptable Types of Assets for a Mortgage Loan
Anybody making a down payment on a home needs to know there are restrictions on how those funds can be obtained, as […]
Acceptable Types of Income for FHA Loans
Anyone who works in the financial sector has had a client or two who are quick to state how much money they […]
Removing Mortgage Insurance on FHA Loans
We get asked all the time, “How do I get rid of PMI?!” We just had a former client leave our office […]
To Escrow or Not To Escrow, That Is The Question
When preparing a refinance loan or purchase transaction, I often get asked, “Should I escrow my payments?” Many lenders encourage borrowers to […]
What is Freddie Mac?
“Freddie Mac” is an acronym for the Federal Home Loan Mortgage Corporation, which is a public government-sponsored enterprise (GSE). A common misconception […]
What are Mortgage Lender Overlays?
Ever heard of a “lender overlay”? If you’ve been told a loan isn’t possible due to certain guidelines, this might be why. […]