With all the scary press that the mortgage industry has received over the past three years it is no wonder that lenders have been wary of loosening guidelines. Up until recently it was extremely difficult to find FHA financing if your middle credit score was below a 640 and if you didn’t have 20% to [...]

Although I have never served in our great country’s armed services I recognize the sacrifice of all those who have and currently do.  Today is a day when I think we should all go out of our way to say a simple but heartfelt “Thank You” to the veterans that we all know.  So on [...]

One of the latest “unwritten” guidelines to hit the underwriting pipeline involves the documenting of a donor’s assets prior to giving a gift to a borrower.  Up until recently, the standard gift documentation involved a few simple items: Signed Gift letter from all parties (Donor and Recipient) Verification of Deposit, Bank statement or Teller statement [...]

Today I had a buyer come to me with a relatively simple question that soon turned into a downright conundrum of sorts. The buyer currently owned their home and already had a lease agreement executed ready for tenants to move in as soon as they closed on their new home. They had already been to [...]