One of my key lending partners has just announced an new updated and enhanced Home Equity Line of Credit (HELOC) loan program! A HELOC allows a homeowner to pull excess equity out of their home and put that money to use in other areas such as home improvements, debt consolidation, travel, down payment on an investment property, etc). You are typically able to pull out excess equity up to 80% of the current appraised value of your home. This HELOC program now allows you to co

If you are thinking about buying a house or actively working to get ready to purchase a home, here is a list of items to DO as you begin to work through the mortgage process: Review your credit score to look for any incorrect/fraudulent credit entries. The credit bureaus can make mistakes so you need to make sure you recognize all the entries on your current credit report. NOTE: there are multiple types of credit pulls that different industries make (auto loans, consumer f

If you are thinking about buying a house or actively working to get ready to purchase a home, here is a list of 10 things to NOT do as you begin to work through the mortgage process: Don't change/quit jobs or become self-employed Don't be late on any credit card payments or make large credit card purchases Don't purchase a car, boat, RV Don't purchase any big ticket items (sound system, big family vacation, etc) Don't apply for new credit anywhere Don't forget any debts on yo

One of my key lender partners has announced new upper limits on their Conventional Loan program and it is now $819,000 up from $806,500! ...

Busy week of inspections for a house my Buyer clients have under contract. This home is a newly renovated flip home that is being sold...

Fannie Mae has just released new down payment guidelines for owner occupied multi-family investment properties and it is great news for...

What is this 2/1 interest rate buydown that's been in the mortgage news lately and how does it work? Ryan Larussa with GMFS Mortgage has...

As the renting vs buying debate continues to be discussed, Ryan Larussa with GMFS Mortgage has put together a rent vs buy analysis. Even...

YES, YES & YES! You should, as a general rule, never purchase a home without hiring a licensed home inspector during your inspection...