by admindan | Mar 1, 2022 | Loan Programs, Money Tip
What if when you’re purchasing a home the seller requires you to close in 21 days versus the normal 30 days? The scenario for Bob and Ellen on an $850,000 loan, $900,000 purchase price, 740 FICO, single family home, 30-year fixed rate: Lender A is offering...
by admindan | Feb 21, 2022 | Holidays
Why celebrate Presidents’ Day? Although previously Abraham Lincoln’s birthday was celebrated on February 12th and George Washington’s birthday on February 22nd, Presidents’ day is now celebrated on the third Monday of February as a legal national holiday, to honor all...
by admindan | Feb 15, 2022 | Loan Programs, Money Tip
Solution: One lender is offering an AWESOME loan program. Purchase: 660 credit score or higher 95% LTV to $850k loan amount 90% CLTV, 80% 1st, 10% HELOC to $2.5 million loan 80% CLTV, 70% 1st, 10% HELOC to $3 million loan Purchase example: Home value $2.5 million...
by admindan | Feb 8, 2022 | Financial Information, Money Tip
Buyer/borrower beware!! Some mortgage brokers and lenders charge higher rates & fees. Problem: This week, a mortgage investor announced it is “increasing its Max Comp from $20,000 to $35,000.” What does that mean for YOU? The lenders selling the loan to this...
by admindan | Feb 1, 2022 | Financial Information, Money Tip
Are you self-employed and considering a house or refinancing a mortgage loan? Do you want to get approved for the maximum loan amount? Solution: Apply for a mortgage loan months or years in advance. With the right highly qualified Loan Officer and right lender, they...
