What are the Steps in the Loan Process?
To follow is a general expectation for the loan process, from the time of requesting the loan (or locking in on a rate) through closing. When you first start out, it can seem like a daunting experience as you gather all the documentation and paperwork, but if your...Equitylines: Advantages and Disadvantages
A Home Equity Line of Credit (also known as a “HELOC” or “equityline”) can be an excellent financial tool for the right person, and a very imprudent one for the wrong person. As with everything, there are advantages and disadvantages to consider, which I will briefly...Jumbo Loan with 10% Down Payment Options
More Jumbo loan options with less than 20% down payment are becoming available. When our housing bubble burst and we got hit with the credit crunch in 2008, it was hard to find a competitive Jumbo loan, and nearly impossible to find one with less than 20% down. This...To Impound or Not to Impound
Most of my clients choose not to have an impound account for a number of reasons. See my blog post about the advantages and disadvantages of an impound account here. The #1 reason is usually because they like to have control in making their own payments, but...Loan Calculator
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