Jumbo Loan Programs: A 10/1 Adjustable Rate Mortgage (ARM) versus a 30 Year Fixed
A Jumbo loan (any loan amount exceeding $625,500) is common in our high-cost area. Jumbo loans are considered more risky to lenders, so their interest rates are higher and guideline requirements stricter. You have choices in Jumbo loan programs – your decision can...Emergency Preparedness: Guest Blog Post by Melissa Stacey of Feeling Organized
This blog post on Emergency Preparedness is shared by professional organizer Melissa Stacey. She specializes in organization for your home, office and small business. She works with each client to create a unique organizing system that is geared toward their specific...How the Government Shutdown Will Affect Your Loan
The government shutdown has severe ramifications for many people. One that will affect your loan in process is that the IRS will not be validating tax returns. Part of the loan process is for the lender to validate your income directly with the IRS. They match what...Be Competitive in Your Offer to Purchase a Home
Even though housing supply and demand has leveled off compared to the earlier part of this year, demand does still outweigh supply (the inventory of homes on the market). So it is critical to be as competitive as possible when you are up against other buyers putting...Tips for Closing on Your Home Loan Quickly
Even though the lending industry has slowed down greatly since interest rates increased in early summer, it is still a busy time. If you are applying for a loan to purchase a home, then most likely you have offered terms with a short contingency removal and Close of...Loan Calculator
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