The mortgage loan process requires many essential critical components. Some of these components consist of vendors, such as escrow companies, title insurance providers, as well as the IRS for tax…
COVID-19 & The Mortgage Process
COVID-19 & Mortgages: Everything You Need to Know
Our office has been getting inundated with requests as to how COVID-19 and the surrounding events are impacting their mortgages, so we decided to put a quick FAQ post about…
Impound Accounts – A Primer on Property Tax and Homeowners Insurance
An impound account, also known as an escrow account, is a prepaid account set up by a lender to collect the borrower’s property taxes and homeowners insurance premiums. These payments…
The Income-Equity-Credit Triangle
Many things in the mortgage industry have changed and evolved throughout the years. One aspect of the mortgage loan process that continues to stay the same is how mortgage loans…
Down Payment Gifts
When it comes to purchasing a home there are a few obstacles that a borrower may come across. The most common obstacle is being able to save for a down…
What Are My Closing Costs?
It’s no mystery that there are closing costs whenever a buyer purchases a new home or refinances a property that they already own. The question is, what are these closing…
Fannie Mae & LLC’s are Playing Nice!
Historically, residential properties that were financed with Conventional mortgage loans and then transferred and held in an LLC by the owner was not recommended. If a borrower wanted to refinance…
Don’t Hibernate This Winter
The winter season tends to slow down the real estate market which can be advantageous to those willing to house hunt during these cold months. There tend to be fewer…
Welcome the New Year with Increased Loan Limits!
With the New Year having arrived, there have been some drastic improvements to mortgage loan limits for Conventional Financing. Conventional financing includes both Conforming and High Balance loan limits, which…
Financing an Investment Property
Investment properties have been widely accepted as a good investment vehicle, but buying one requires some additional research. Unless you have the cash to purchase them outright, you will need…
