Category: Social Media Posts

Did you know this VA Secret? On a one-time basis, you can have your full eligibility restored if your prior VA loan has been paid in full, but you still own the property.  This allows you to keep your current property and use your benefits on a new home!

Did you know this VA Secret? On a one-time basis, you can have your full eligibility restored if your prior VA loan has been paid in full, but you still own the property.  This allows you to keep your current property and use your benefits on a new home!

Related Article Title: Veteran Pays Off Current VA Loan – Can They Get Another? Question: Our client used VA financing to buy their home.  They want to keep this home and purchase another home.  Are they able to use VA maximum financing on the new home? Answer: Good News! Yes they can, on a one-time-only […]

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Did you know that if you have a loan secured with your 401k, the home lender will not count that debt against you when considering your new house payment? Follow Me for More Home Buying Secrets!

Did you know that if you have a loan secured with your 401k, the home lender will not count that debt against you when considering your new house payment? Follow Me for More Home Buying Secrets!

Related Article Title: Using Secured Funds as Collateral for Eliminating Debt Obligation Question: Our applicant paid off their car loan with another loan secured by a CD that they have with their bank.  Do I need to count this payment against them or is this like a person using a loan against their 401k? Answer: […]

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Have you heard of a Seller Credit? When you purchase a home, the seller of that home may offer you a credit. Yep!  It’s true! This credit can be used to help you with closing costs or other items.  If this sounds interesting, let’s talk.  I’m happy to step you through how this works.

Have you heard of a Seller Credit? When you purchase a home, the seller of that home may offer you a credit. Yep!  It’s true! This credit can be used to help you with closing costs or other items.  If this sounds interesting, let’s talk.  I’m happy to step you through how this works.

Related Article Title: FHA Seller Credit – What Can It Be Used For? Question: We have an FHA loan where the seller credit is under the required limit.  However, the credit exceeds the actual closing costs and prepaids.  The borrower would like to use this residual to pay for the buy-out on his apartment lease.  […]

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COVID-19 made an impact on not just our health, but our financial health as well. In home lending we call this a “life event”.  That means that your financial health was great then something unusual happened like a pandemic, health issue, divorce, etc. and it took you off track.  Life events do not define you!  If you experienced a blip on your financial radar screen let’s chat and come up with a solution for you to move forward.

COVID-19 made an impact on not just our health, but our financial health as well. In home lending we call this a “life event”.  That means that your financial health was great then something unusual happened like a pandemic, health issue, divorce, etc. and it took you off track.  Life events do not define you!  If you experienced a blip on your financial radar screen let’s chat and come up with a solution for you to move forward.

Related Article Title: Modified Loans When Combining Deferred Balance – Rate-Term Refinance or Cash-Out Refinance? Question: Our client has a first mortgage that was modified a couple of years after they purchased it.  The mortgage statement indicates a “deferred balance”.  If they want to combine these into one loan is this a cash-out or rate-term […]

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VRBO® and AirBNB® are popular ways for homeowners to earn a little extra money each year. Home lenders may be able to use this income depending on what type of property you have and how long you have been receiving that income.  Questions? Curious?  Contact me and I’m happy to answer your questions.

VRBO® and AirBNB® are popular ways for homeowners to earn a little extra money each year. Home lenders may be able to use this income depending on what type of property you have and how long you have been receiving that income.  Questions? Curious?  Contact me and I’m happy to answer your questions.

Related Article Title: Short-Term Rental Income – VRBO & AirBNB Question: My client has a single-family home with a small carriage house.  They rent out the carriage house through AirBNB on a short-term basis.  The income is on their tax returns.  Can we use this income? Answer: Here is what FNMA says about this topic […]

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