Mortgage Specialist
SCENARIO: An elderly couple could no longer manage the stairs or upkeep of their large two-story home. After selling it, they hoped to purchase a small ranch near their children. Unfortunately, they …
Continue Reading about This “Good Son” Thought ‘His Bank’ Would Help. He Was Wrong. →
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 …
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 …
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 …
New Credit Score Formulas Were Recently Approved For Use By the Mortgage Industry! For the past 20 years, Fannie Mae, Freddie Mac, and FHA have used the Classic FICO credit score model delivered by …
Can A Lender Close a MortgageOn A House Owned Within A Trust? This is a question I am asked often. The answer is: “It depends upon the type of mortgage!” There are many reasons why …
