Today’s topic is all about credit. When you are getting a mortgage, it’s common to wonder if a credit score really matters? The answer: absolutely yes! Credit is the one thing that will make the biggest difference in your rate, program, and approval. Income, employment, and down payment are all factors that influence your offer. […]

Today, I’m sharing news about big changes that just rolled out regarding conventional loans for people who are self-employed. Are You Self Employed? If you are running a company or are a member of a corporation, LLC, or a partnership (holding 25% or more as an owner of the company), it means that you are […]

This topic isn’t new, but I think it’s worth mentioning since I haven’t shared about it on these videos before. It’s an important topic, especially for people who looking for mortgage options. Low Credit Score Borrowers Conventional loans, specifically Fannie Mae, actually allow for an averaging of two client’s low middle scores. Historically speaking, you […]

We’ve talked a lot about how interest rates are going up. January of this year was definitely a tough one for interest rates. Conventional rates went up three quarters of a point in the first month. The increases have settled down at this point, but we’re trending at a higher band. Jumbo vs. Conventional Interest […]

Today’s topic is important – something that I can’t emphasize enough. Right now, there are record amounts of home equity. In the last year, there has been a good 20% increase in home values, which means equity continues going up. Borrowing Money When You Don’t Need It People are also flush with cash right now. […]

In today’s video, I’m sharing some geeky charts so we can what is happening to interest rates and where we stand right now – and where I think we are heading (based on my opinion). Breaking Down Interest Rates In this chart, we are looking at the Fannie Mae bond – the actual source where […]

It’s been a while since I shared a video on a rent vs. buy scenario. In the real estate business, there is always a mindset: you need to live somewhere – might as well be smart with your spending. If you are going to rent or buy, then let’s look at the numbers and see […]

Happy New Year! FHFA (who oversees Fannie Mae and Freddie Mac) made a pretty significant announcement today, but it doesn’t technically roll out until April 1st. They announced that there will be a big pricing adjustment to both second home purchases and high balance loans. Second Home Purchases There are three ways to buy a […]

During the last part of the year, are you someone who has numbers you are trying to hit – such as sales, production, etc.? It’s easy to fall into a trap of anticipating the start of the year, with a plan to reset and go back to zero, and then build from there. You Don’t […]