If you are thinking about refinancing to access your home equity, DO IT NOW!!!!!
Credit / Income / Lenders / Market Updates / mortgage / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Uncategorized

If you are thinking about refinancing to access your home equity, DO IT NOW!!!!!

I apologize for so many exclamation points, but I needed to get your attention if you are sitting on the fence about whether you want to refinance your home in the near future. After three recent mortgage rule changes along with back-to-back interest rate increases with a possible third expected, there is another PROPOSED rule … Continue reading

With the mortgage rule changes am I ever going to be able to stop renting and buy a home?
Broker vs. Bank / Credit / Downpayment / First Time Home Buyer / Income / Lenders / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rules / Uncategorized

With the mortgage rule changes am I ever going to be able to stop renting and buy a home?

You have finally saved up money for your down payment and even have additional money available to cover the closing costs. You are now ready to get pre-approved for a mortgage and call your bank for an appointment before you start house hunting. That’s what people do. Should be easy peasy, shouldn’t it? Well maybe, … Continue reading

Can you still get a mortgage to buy a home if you have not saved a down payment?
Credit / Downpayment / Income / Insurance / Lenders / Market Updates / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rules / Uncategorized

Can you still get a mortgage to buy a home if you have not saved a down payment?

The answer is YES you can! Back in 2015 the Federal Government changed mortgage rules for homebuyers with no down payment saved and personally I believe these changes were a good thing. Previously, majority of zero down mortgages were simple cash back mortgages that came with much higher interest rates where the lender would provide … Continue reading