Category: Blog

Part 2 of 7: The Dodd-Frank Act and CFPB

The Dodd-Frank Act created the CFPB, one of the strongest federal agencies we’ve ever seen. Here’s why it was created and how it works. On part two of our series about what has changed since the mortgage meltdown, ...
READ MORE

Part 1 of 7: How the Mortgage Industry Protects To...

Today we’ll discuss one of the first changes to the mortgage industry stemming from the meltdown: the National Mortgage Licensing System. Welcome to my new seven-part video series titled “What Changed After the Mortgage Meltdown.” For the first ...
READ MORE

How to Use FHA Financing to Your Advantage

FHA financing will not only let you buy with a low down payment, but they’ll also let you buy a two-unit property with it. Here’s how. One of the problems that I’m noticing in our local community in ...
READ MORE

A Solution to Mortgage Approval Changes

Recent changes were made to the mortgage algorithms that approve homebuyers, but there’s a solution to these changes. Many of the ways we lenders look at risk in terms of approving mortgages are through algorithms, and important changes ...
READ MORE

A Secret About FHA Mortgages

FHA mortgages have a unique feature that makes them a powerful tool when it comes time to sell your home. I have a secret about FHA financing that I’d like to share with you today. I love FHA ...
READ MORE

What You Should Know About Escrow Accounts

Today, let’s talk about some of the advantages and disadvantages of escrow and impound accounts. Here’s what you need to know. An escrow, otherwise known as an impound account, actually relates to who is in charge of paying ...
READ MORE

How Does a Lender Look at Your Income?

The way you earn your income is a big factor in getting qualified for a mortgage loan. Here’s why. I’ve discovered that we all earn income differently. So today I wanted to spend just a couple minutes to ...
READ MORE

When Can You Remove Your Mortgage Insurance

For most homebuyers, mortgage insurance doesn’t last forever. Here’s when you can remove it. For most of us, the answer is no. Eventually, you have the option of removing it. The lone exception, however, is if you used ...
READ MORE

What Is Mortgage Insurance & How Does It Work...

You’ve probably heard of mortgage insurance, but might not understand what it really is. Today we’ll explain what mortgage insurance is and why it matters. Simply put, it’s an opportunity to buy real estate with less than 20% ...
READ MORE