Mortgage overlays are specific rules a lender follows ABOVE the published guidelines set by Fannie Mae, Freddie Mac, FHA, VA and USDA.
What are Mortgage Overlays? Lender Guidelines Explained!
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How To Purchase A Fixer-Upper And Totally Remodel It
Learn how to purchase a fixer-upper and totally remodel it! With a little insight and some negotiation skills, it is possible to find that diamond in the rough.
FHA Condo Spot Loan Approvals
Back in 2010 FHA changed its rules for offering loans on condo units. The rules became so strict that a large number of condos across the country would not qualify for an FHA loan. Thankfully, changes are here. As of October 15, 2019, FHA will allow financing on a single-unit approved condominium project purchase. The […]
VA Refinance
VA Refinance (Non-Streamline) A home loan, or a mortgage, is just like any tangible part of a home; it can be replaced. Appliances get updated or replaced due to improvements in efficiency. Carpeting, paint schemes, furniture and décor are replaced in order to accommodate different needs or to stay current with modern styles. A mortgage can […]
Difference Between a Home Inspection vs Home Appraisal
We take a look at the difference between a home inspection and an appraisal, clearing up some common misunderstandings about these two important stages in the buying process
How To Move Out Of Your Parents House
We look at the things you can do to get ready to move out of your parents house less scary and more successful. Easy steps that anyone can follow.
Things Home Buyers Will Hate About Your Home
Even relatively simple changes could make all the difference when you are trying to find a buyer. Removing issues that will put off buyers could help you sell your home for thousands of dollars more and prevent it from sitting in the listings for longer than it needs to.
Homebuyer’s Guide to Debt-To-Income (DTI) Ratio: How To Calculate
Take the time to understand how the debt-to-income ratio works and what you can do to bolster your chances of getting approved for a mortgage.
11 Reasons Your House Is Not Selling: Plus Your Options
In every area around the country, there are homes that sit for sale longer than most of the competition. For a homeowner, this can be frustrating but in some cases even expensive if the home prices are on an upward climb or the interest rates are changing. Fortunately, there are some things that you can […]
How To Convert Your Primary Residence To A Rental Property
Many people reach a place in their life where they are ready to improve on their quality of living. This could mean investing in real estate as a way of improving their monthly cash flow or it could simply mean buying a nice vacation home at the lake, in the mountains, or on the beach. For people who wish to convert their primary home to a rental property there are a few rules and guidelines to follow.
