choosing a loan officer

How to Get the Most Out of Your Loan Officer

Research Is Your Best Tool for Getting a Great Loan Officer A home buyer and their loan officer share a unique relationship. The loan officer earns their income by closing on their loans; the higher the loan, the more they get paid. Meanwhile, the home buyer wants the best deal possible. This can be a conflict of interest, and for …

The 3 Big Trends Affecting Your Ability to Qualify for a Mortgage in 2019

Buy Now or Wait Until Next Year? The real estate market is nothing if not unpredictable. For many buyers who currently find themselves on the fence, it can be a difficult decision to choose between buying their new homes this year or waiting until next spring. There’s so much unknown about where the market will be in 2019, many potential …

The Ins and Outs of Non-QM Loans for the Self-Employed

What Is a Non-QM Loan? Non-QM loans are mortgage loans that do not comply with the definition of a Qualified Mortgage. The Qualified Mortgage is part of a set of standards included in the Dodd–Frank Wall Street Reform and Consumer Protection Act, which became law in 2010 after being signed by President Obama. Qualified Mortgage standards are designed to help …

How Much Mortgage Can I Reasonably Afford?

Ah, the quest to buy a house. What fun to tour open houses, watch HGTV, and dream of the palace that will surely be yours as you start looking into buying a home. But then reality sets in: Who wants to fall in love with a home that’s out of their price range? That’s why as a home buyer, you …

Why Do You Need a Mortgage Pre-Approval?

Buying a home? Do this one thing first Ready to buy a home? There’s one thing that will help you before you even begin the homebuying process. Yes, that’s right: Turn off HGTV. Reschedule your showings. Because this piece of documentation should be done before you even start the home-shopping process. We’re talking about getting a mortgage pre-approval. Four benefits …

How Do I Improve My Credit Score?

Surprise! Improving your credit score might be easier than you think. Do you worry that the dream of getting a home loan is out of reach because of a low credit score? The great news is that it’s relatively easy to boost your credit and make that mortgage dream a reality. Here are 4 steps that can help improve your …

Why Should I Refinance My Mortgage? 

Refinancing your mortgage can yield some important financial benefits and it’s important to understand when — and why — a refinance makes sense. Is a mortgage refinance right for you? That’s a good question and one that many homeowners ask at some point. The answer often hinges on things like how long you’ve owned the home, what you’re currently paying for your …

What Happened to Subprime Mortgage Loans?

Once plentiful, subprime loans seem to have disappeared. Where did they go? In one sense, subprime loans have disappeared — and justifiably so, given the chaos they created during the mortgage crisis. Plus thanks to new lending laws like the Dodd-Frank Consumer Protection Act, you can’t get belly up to a broker, claim any income you like, and get a …