The good news is that the real estate market is making a healthy comeback; home values are rising, and interest rates are dropping. The bad news is, people still believe many misconceptions when it comes to mortgage financing. Homeownership is still considered the “Great American Dream,” but after the nightmare so many people experienced during [...]
As the weather begins to get cooler, it will be interesting to see how the market trends going into the holidays. The last two months has been crazy for us in the mortgage world. Mortgage interest rates hit a three year low around September 3rd and many home owners and investors were able to better [...]
It’s July and the heat sure has been turned up lately! This means its time to make sure those home warranties aren’t expired so all your properties are covered when the AC breaks. In other news, I am excited to announce that after 18 months at Primelending, I have taken my branch back to Peoples [...]
Buying Multi-Family Up to 4 Units Lately, I have been hearing from many home buyers, ranging from the millennial to the seasoned investor, about multi-family. As a residential mortgage loan officer, I can loan on up to 4-unit property types while keeping in the residential loan territory. Borrowers are approaching me about buying these properties [...]
Document, Document, Document It is impossible to overstate the importance of documentation when trying to get a mortgage. In today’s economic climate, lenders want to know where your money is coming from (i.e. income), where it is going (i.e. debts), and how much you have (i.e. assets). The way we prove the answers to these [...]
Hope everyone’s month is off to an amazing start and you are jumping on the slight interest rate dip that has occurred this month. If any of your rental properties are sitting on interest rates above the 5% area, make sure to try and take advantage of the rate dip to increase your cash flow! [...]