Qualifying with Self-Employment Income

Looking for mortgages as a self-employed worker is now many times easier. If you’ve tried to do so before, you’ll understand that it’s traditionally a long process with much more paperwork than if you were employed by someone else. Since while self-employed, all expenses will be subtracted from gross income, you will find many more
Read more
No Comments

Is this a good time to sell a house?

Freddie Mac stated the 30-year mortgage rate averaged 3.75% the week ending July 25, 2019. Interest rates have been staying pretty flat this summer (3.82% as of June 6, 2019). The 15-year rate went from a June 3.28% rate to 3.18% last week. Many are expecting the Fed to lower the Federal Reserve rate (from
Read more
No Comments

Why did my lender change?

I just closed my loan with ABC lender and I received a letter showing that the loan was sold to XYZ lender?!  What happened?! Did my payment go up? Have the terms changed? Did someone steal my identity and try to get my information? Perhaps you have received this same notice and got all confused.
Read more
No Comments

Keep or Sell your old property

After retirement age many people sell their family homes for enough money to buy a smaller, more manageable home.  It begs the question of whether to use equity built throughout the years to pay in full or take on a new mortgage to buy a house you want. On one hand, the thought of utilizing
Read more
No Comments

Market Updates May 3, 2019

After falling to 14-month lows in the end of March, it’s only natural—and inevitable—that the rates would begin to rise again. In April, the 30-year fixed rates have grown yet again from the lowest of 4.06% to 4.2%. This week, 30-year fixed rates are finally coming down a little and closing the week at 4.14%,
Read more
No Comments