Share INTERESTING STATISTIC – One of my colleagues shared with me an amazing statistic: Almost 30% of real estate transaction in the US are falling through AFTER GOING UNDER CONTRACT. I don’t know about you – but I want to do what I can to prevent things from falling apart that I have responsibility for, [...]
Share How do you determine whether you can afford something? Typically this is an individual or family decision based on your personal budget, funds available and your goals. When I think of whether I can afford something I am normally thinking about a smaller purchase or subscription like a TV, internet or a vacation. What [...]
Share The mortgage business can be a confusing industry to understand. There are different types of loans, different types of lenders and different paths for loans after closing. All of these can impact your ability to get approved for a mortgage loan, the terms of the loan or how smoothly the process goes. I bring [...]
Tags: Choosing a Lender, Closing Costs, Qualifying, Rates
Share (All stories shared on Lending A Hand contain fictitious names with changes to insignificant details. The privacy and trust of our customers is our top priority.) I received a call from a customer who was interested in a condo and wanted a maximum monthly payment of $1,000. We’ll call him Gaston (obviously a fictitious [...]
Tags: Assistance, down payment, Strategies, tax credit
Share (All stories shared on Lending A Hand contain fictitious names with changes to insignificant details. The privacy and trust of our customers is our top priority.) Bonnie and Clyde (fictional names, of course) called us up the other day to get qualified for a home purchase. Apparently the robbery profession isn’t what it used [...]
Tags: Credit, Qualifying, Strategies
We received a couple of calls in the past few days for potential home buyers looking to get qualified for a mortgage and both of them had questions about how Mom and Dad could help them qualify. Here are their situations:
Tags: Credit, Qualifying
Share Did you know there is a mortgage refinance option that doesn’t care about the value of your home, your current income or employment, or even if you have not paid debts, other than your mortgage, on time? There is, and it is called a FHA Streamline Refinance. If you currently have an FHA mortgage [...]
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