An 80-10-10, what??

Several of my clients are buying new construction homes.  This sometimes put them in a unique situation because typically the builder wants to see a mortgage approval prior to starting to build their home.  Some of my clients simply cannot afford to own two homes.  So...

Dreaming of a Vacation Home?

Have you always dreamed of owning a vacation home?  It’s not a decision to be taken lightly, but if it is something you’ve always wanted, the means for making that dream come true are not as difficult as you might think. Here’s some things you should...

Qualifying Debt to Income Ratios

A  major factor in qualifying for a mortgage is the borrower’s debt to income ratio (DTI). When calculating your debt to income ratio, you first add up all of your monthly minimum debt payments and then divide that by your gross monthly income.  Your potential...

For the second time buyers…

Some of my conversations with second time home buyers start off with uncertainty of where they should begin.  Particularly the ones who currently still own their first home.  While some buyers know their plan and just want my assistance making it happen, others want...

The BIG Decision….Rate Locks

It’s all about risk.  Between the times you start your application and the time you close your  loan, interest rates will do what they always do – change.  At times, the rate of change is exceptionally volatile, even from one minute to the next....