Physician Loans, Are They Right For You?
You may have heard about mortgages specifically for physicians (known as physician loans) and are thinking of buying a home. They are attractive, but make sure you totally understand them to decide if you should take out a physician loan. There really are three main components to understand, so let’s go through them. Important components […]
Why & When Should You Consider An Adjustable Rate Mortgage (ARM)?
Long-term fixed mortgage rates have risen consistently through the 2018 year so far. When it comes to mortgages the rate of increase is influenced by our economy, among other indicators (such as the bond market and other financial markets). With rising interest rates (on mortgages) it can have an impact on some homebuyer’s purchase power. […]
Should You Use Property Management Or Not?
Here you are, maybe a seasoned investor or buying your first rental (heck maybe moving out of your house and making it a rental). You may have that question running through your mind. Should you use property management? It is something we all go through, and a great question. I have been on both sides […]
Student Loans- Why Paying Them Off Got Easier
So here you are. You have owned your home for some time now, and built quite a bit of equity in the house. But you have these student loans that just seem to be going nowhere. So you have thought to yourself, how can I pay them off? What if you could refinance your house […]
5 Things To Consider If You Want To Be A Landlord
[video_embed name=”5 Things To Consider”] How do you know if you’re ready to be a landlord? This is a really good question. Are you thinking about making your home a rental? Are you thinking of buying a rental this year? We have added 5 things to consider if you want to be a landlord. This is definitely […]
Mortgage Broker, Bank and Other
Are you looking for a home mortgage? Where do you look first? The first place we tend to go is our bank. We figure that it would be easier to go to our bank since all our finances are already there so it makes sense to consider getting a mortgage through the same financial institution. […]
FHA Good or Bad
I’m surprised to hear on a regular basis how a prospective client explains that they have been pre-approved with a lender. And that they strongly pushed away from an FHA loan, for many they weren’t even offered an FHA loan. FHA loans are designed to help more people buy a home because they require […]
Let Me Take You On A Drive
Let me take you on a drive, a metaphoric drive. This is an example of the loan approval process put into the perspective of taking a drive. We are heading to Breckenridge from Denver. And to add to the excitement and anticipation, we have a meeting to attend in 2 hours. In order to get […]
5 Reasons to choose a direct lender vs. bank
Most of us tend to reach out to our bank when looking to apply for a loan, more specifically, a mortgage. Which seems to make the most sense to us, why not start with the place that holds most of if not all our funds and already has our information. Well, I want to point […]
Where are your down payment funds coming from?
Knowing where your down payment funds are coming from is only half the equation. Being able to source and show is the second part. As a lender we see all sources of money being used for down payments. Some of which include but are not limited to; 401k’s, gift funds, stocks, mutual funds, savings bonds […]
5 Things your Mortgage Lender Should be Doing for You
What should your lender be doing for you? The obvious answer is “help me get a mortgage”. Yes, but don’t you want and expect more? If not, you should be. It isn’t just about getting you approved for a mortgage; it is about helping, guiding, educating and doing everything in their effort to make you feel comfortable […]