by admindan | Jun 12, 2024 | Financial Information, Money Tip
Are you looking to qualify for a higher purchase price, but your debt to income ratio (DTI) is too high and the lender is declining the higher loan amount? Solution: Do you have an investment account that allows you to borrower against it? If so, you can borrow...
by admindan | May 21, 2024 | Expert Advice, Financial Information, Money Tip
If you are considering purchasing a condominium, allow extra time for the mortgage lender to verify the condo complex is approved by Fannie or Freddie regulatory agencies. Reason: Condo Home Owners Associations (HOA) are required to meet strict requirements by our...
by admindan | May 14, 2024 | Loan Programs, Money Tip
Are you looking to purchase a home in the next 1-24 months? Are you also wondering if mortgage rates are going to decrease, so you can afford to purchase a home? Solution: Buy a home now with an ARM (Adjustable Rate Mortgage) loan program with a rate lower by 1%+...
by admindan | May 7, 2024 | Uncategorized
Yes, the average 30-year fixed rate is really high!! The average homeowner stays in their first home less than 10 years, due to moving up to a bigger house, better school district or job relocation. Why not save a ton of money with a 10/1 ARM rate and payment?...
by admindan | Apr 2, 2024 | Uncategorized
Are you wondering if mortgage interest rates are going to come down? We’d all like to know, right? I believe it is highly likely. I have an ARM loan for 7 years. Per US News, 3/1/24 “Mortgage rates are expected to decline later this year as the U.S. economy weakens,...