9 Tips for turning a first home into an income property

It has been way too long since my last blog, but I have been getting a lot of questions on the above and I thought I would share some quick tips. Keep in mind, I am a mortgage consultant and not a realtor, so this is just some information I have picked up over the … Continue reading →

Stated Income Mortgages going the way of the Dinosaurs?

Stated Income Mortgages are made to cater to the self-employed borrower. By utilizing a stated income product, self-employed borrowers do not need to prove their income through traditional third party formats like a job letter or paystubs. Instead, we are able to “state” your income at an amount that is reasonable for your industry experience … Continue reading →

The mortgage process in 5 steps

  1. Talk to the MortgageGirls We will ask a series of questions relating to your family income and assets, the size and source of your down-payment as well as your other monthly debts. This will allow us to determine your financial profile so we can then discuss purchasing a property and your borrowing goals … Continue reading →

Rent-to-Own Homes: The Basics

As a mortgage broker, we often don’t come into the rent-to-own transaction until the buyer is actually ready to purchase the house they have been renting-to-own. A big difference between a rent-to-own contract and a regular purchase contract is the purchase price was agreed upon when you originally entered into the rental agreement and the … Continue reading →