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What Does the Fed Lowering Interest Rates Mean to Me?

Every time the Fed lowers rates, our phones ring!  Everyone thinks that means mortgage rates are going down…when in fact, that is usually the opposite of what happens. And unfortunately, most loan officers do not even understand the relationship between the Fed funds rate and mortgage rates. What you need to know The Fed rate … Continue reading What Does the Fed Lowering Interest Rates Mean to Me?

Is there a change coming to FHA MI?

On Wednesday, The House of Representative passed the Housing Financial Literacy Act of 2019…also called HR 2162.  The bill modifies the discount giving the by Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who completed a financial-management counseling program. Now, if you’re a real estate agent and you’re thinking “this feels … Continue reading Is there a change coming to FHA MI?

The Top 5 Reasons Why You Should Attend My Homebuyer’s Seminar

While buying your home is exciting and something to be proud of, it can be a confusing and complicated process that can leave you feeling intimidated. Which is why I host a monthly homebuyer seminar to help alleviate some of the anxiety that comes with purchasing your home by informing you about crucial aspects of … Continue reading The Top 5 Reasons Why You Should Attend My Homebuyer’s Seminar

More Borrowers Will Now Qualify for a Mortgage

When President Trump signed the new tax law into effect for the 2018 tax year, there were some changes that help borrowers qualify for a mortgage or a larger loan amount than they previously qualified for. One of the biggest changes that borrowers will notice in this year’s tax return is that the standard deduction … Continue reading More Borrowers Will Now Qualify for a Mortgage

Top 3 Reasons to Work with a Direct Endorsement Lender

  Not all lenders are the same when it comes to offering FHA loans.  Look for a lender who has been granted Direct Endorsement authority by the Federal Housing Administration (FHA).  This means the lender has the authority to underwrite and approve FHA loans in-house with its own staff of underwriters, as opposed to relying … Continue reading Top 3 Reasons to Work with a Direct Endorsement Lender