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Did You Know You Can Use Assets as Income to Qualify for a Loan?

by Irene Moustakas | Nov 5, 2024 | Uncategorized

If your regular income streams are not sufficient to qualify (salary, social security, pension…), but you have a chunk of money in asset accounts, then we can use those assets to create income. It can give enough of a boost to qualify for a home you love! The income...

First Time Homebuyer eBook – UPDATED!

by Irene Moustakas | Sep 11, 2024 | 1st Time Homebuyers, Business Promotion

I first published this e-book in 2014 and have now updated it with new and current information. It reviews the basics of homebuying, what lenders look for, and provides an overview of loan products and programs. Check it out here and let me know how I can help! Share...

Down Payment Assistance Options: National Homebuyers Fund, Inc® for 100% or 102% Financing

by Irene Moustakas | Sep 4, 2024 | 1st Time Homebuyers, FHA, Industry News, Loan Programs and Products

The National Homebuyers Fund (NHF) serves to provide down payment assistance to both returning and first time homebuyers. It’s one of the few down payment assistance programs available that does not have a first time homebuyer or income limitation stipulation! I...

What is the Difference Between a Non-Occupant Co-Borrower versus a Co-Signer on a Mortgage?

by Irene Moustakas | Aug 20, 2024 | Uncategorized

A co-borrower is a person you are buying a home with, and you will live in that home together; you are also both equally obligated on the mortgage. A non-occupant co-borrower is someone that is helping you qualify for a loan, but they will not be living in the...

DID YOU KNOW? There Are Interest Rate Incentives for First Time Homebuyers

by Irene Moustakas | Aug 14, 2024 | 1st Time Homebuyers, Rates

If you are a first time homebuyer and your gross income is below your specific county’s Area Median Income (AMI) limit, did you know that you qualify for some pretty attractive interest rate incentives? It can usually result in savings of approximately .5% to .875%,...
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