Both Fannie Mae and Freddie Mac have rolled out refinance programs to help low- to moderate-income households take advantage of lower mortgage rates. Borrowers whose income does not meet the area’s median income thresholds could still be eligible if they can meet some other requirements. Launched in June by Fannie Mae, the RefiNow program targets [...]
FHA Loan and How Much of the Student Loan Effects your Debt-to-Income Ratio Each type of loan views student loans in a different light. Earlier this year, FHA changed the way they view student loans which helped people in their qualifications dramatically. They now mirror how Freddie Mac views student loans. If the loan is [...]
Unique Properties and Properties with Solar The weather is starting to cool off and interestingly enough, I have been getting numerous inquiries about unique properties. Most unique properties are going to be fine to obtain lending on and this month I wanted to cover two popular types of unique properties. Mixed Use Properties Fannie Mae [...]
…with One that INVESTORS will Love School is starting, inflation is affecting everyone, and who knows what the hell is going on! There is a weird feeling in the air, but when it comes to Arizona it’s a better feeling than other states. We continue to see an influx of people moving to Arizona for [...]
With the Arizona market being as hot as it is, it is essential that your loan officer know every little aspect of qualifying, the loan process, or fast turn times. This is important in order to give a potential buyer even the slightest upper edge against the others. Many don’t know that with certain types [...]
A common trend I am seeing is rent to own borrowers now ready to purchase the home they have been in contract on for a couple years. Lucky for them, values have skyrocketed, and they are walking into huge amounts of equity depending on when they started their rent to own contract. Here is an [...]
