If you’re planning to get pre-approved for a mortgage, how you file your tax returns matters. Whether you’re self-employed or employed full time, how you file your taxes can affect…
Buy Before You Sell Program (BBYS): Use Your Home Equity to Make Your Next Move Easier
The Buy Before You Sell (BBYS) mortgage loan program allows you to unlock equity from your current home before it sells. This gives you the power to write non-contingent offers…
Debt-to-Income Ratio (DTI) Explained: What It Includes vs. What It Doesn’t
When applying for a mortgage, one of the first things mortgage lenders look at for a borrower is the debt-to-income ratio (DTI). It’s a quick snapshot of how much of…
Interested in purchasing a condo or townhome? Here’s What You Need to be Aware of About Homeowners’ Associations (HOA):
Buying a condo or townhome can be an excellent choice for homeowners who want less maintenance and access to shared amenities. However, condos/townhomes typically come with a Homeowners’ Association (HOA)…
Understanding Amortization: Key Facts and Common Myths
A common concern about mortgages is that at the start of a new loan term, most of the monthly payment goes to interest vs principal reduction. While this is true,…
Los Angeles Homeowners and Wildfires: A Primer on How to Deal With the Aftermath
If you are impacted by the wildfires and are a homeowner in the Los Angeles area and are unsure of what to do about your mortgage, then here is a…
Reserves: What are They & How Do They Help?
One critical aspect of the loan process that often gets overlooked in mortgage lending is that of liquid savings – also known as reserves. This can become a major issue…
Letters of Explanation: Why They Are an Important Part of The Loan Application Process
Have you ever wondered why your mortgage lender is asking you to e-sign a letter that appears to be incredibly trivial on the surface or completely insignificant? Well, like many…
Home Equity Lines of Credit
Home Equity Lines of Credit (aka HELOCs) have become a common discussion topic when it comes to access to home equity. Many, if not most, individuals with a considerable amount…
New Product Offering: Temporary Buydown Provided!
We are happy to announce that in partnership with Rocket Mortgage, we are now offering a Temporary Buydown where we will provide the credit for the interest rate buydown for…
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