How To Get A VA Loan When You Work On Commission
How To Get A VA Loan When You Work On Commission If you earn commission instead of a steady salary, qualifying for a VA loan is still possible. Lenders treat commission income differently because it can swing up and down from year to year. The good news is there are clear rules and practical ways […]
Can Trump Really Lower Mortgage Rates?
Can Trump Really Lower Mortgage Rates? You probably saw the headline: an announcement proposing that Fannie Mae buy $200 billion in mortgage bonds to push mortgage rates down. It sounds bold and simple — buy bonds, raise demand, lower yields, and mortgage rates fall. The reality is messier. Here’s a plain-language breakdown of what this […]
Why Qualification Amounts Vary Between Lenders and Different Properties
Why Qualification Amounts Vary Between Lenders and Different Properties It’s confusing when one lender says you qualify for a certain loan amount and another lender gives you a different number. The single most important thing to understand is this: lenders are qualifying you on the monthly payment, not the total loan amount. That one idea […]
Why Would Someone Refi To A Higher VA Loan Rate?
Why Would Someone Refinance to a Higher Rate on Their VA Loan? On the surface it sounds backwards: you refinance your VA home loan and accept a higher interest rate. Why would you do that? The short answer is cash flow and debt elimination. Trading a low mortgage rate for a higher one can make […]
The Truth About How Many Home Sellers Are Out There
500,000 More Home Sellers Than Buyers? Don’t Believe the Hype Table of Contents Key Takeaways Understanding Redfin’s Viral Housing Study Contrasting Data from Realtor.com and the National Association of Realtors What Does the Data Mean for Home Prices? Remember: There Is No National Housing Market Opportunities for Buyers in Today’s Market Renovation Loans Are Making […]
Who Should Refinance In December, 2023?
Who Should Refinance In December, 2023? https://www.youtube.com/watch?v=sZAW0egRgcs Who needs to refi right now? We have experienced a market where rates are finally dropping. Yea! As I write this in December 2023, we are in the middle of a refi mini boom. It may be an excellent time to refinance your home. In this article, […]