Now that the calendar has turned to April it is officially Home Buying Season.   More home are sold or bought between April and August 31st than any other time of the year.  The main reason people like buying this time of year is that they want to be in the new home before the…

In 2017 home values increased all over the value.  What impact does that have on the home buyer? When prices go up in value that means for a home buyer that the cost of you home increases and your buying power decreases.  For every $10,000 increase in price that means you have to put more…

Wednesday March 21st the Federal Reserve increased the interest rate by .25% from 1.50% to 1.75%.  But what does this mean to you for yoru mortgage?  In a simple answer not very much to you.  What actually happened was the Federal reserve increased their overnight lending to banks by a quarter of one percent.  This…

An FHA loan is a great option for a lot of people in the market for a home mortgage but know the pros and cons to one before you sign on the dotted line. PROS: Low down payment 3.5% of the sales price. Low credit score require, down to as low as 580. Down payment…

What are Loan Limits?  Loan limits are the maximum amount a lender will loan you for a certain type of loan.  These are set by the agency that you will be getting your loan quidelines through such as Fannie, Mae or Freddie Mac for a conventional loan, Federal Housing Authority (FHA) or the Veteran’s Administration…

I am often asked how much money is required for a down payment?  Well that really depends on the type of loan you are going to get.  There is little as no money down to as much as you want to put down.  But I will tell you the basics of down payments within the…

What kind of paperwork do I need for my loan application?  That depends on what type of work you do, if you are salary, hourly, commission self employed or retired. The most common type of paperwork would be pay stubs.  I try and get at least 1 months current pay stubs.  With that I would…

Happy Groundhogs Day!   Punxsutawney Phil saw his shadow today, meaning 6 more weeks of winter. Groundhog Day, February 2nd, is a popular tradition in the United States. It is also a legend that traverses centuries, its origins clouded in the mists of time with ethnic cultures and animals awakening on specific dates. Myths such…