Trust Your Realtor® To Refer A Mortgage Lender

Wouldn't it be great if we had a money tree we could go to when wanting to purchase a home? The 18 inch high stack of paperwork to sign before closing would be reduced to a few pages. It might take a week  for the sale to finalize instead of the 30-45 day close of escrow that is required when financing a transaction. Most of us don't have the resources to pay cash for a home and a mortgage lender is a large part of a successful home purchase. Read on to find out why you should trust your … [Read more...]

October rollout of TRID: Don’t Let It Scare You Out Of Buying A Home

If you have a pulse, you've probably heard about changes to the mortgage approval process that may be making you wonder if it's become too difficult to purchase a home. Especially with some lenders and real estate agents quaking in their boots about the changes and "government intervention" it's easy to feel like there are too many forces working against  you. The fact is that the TRID changes were designed to, and in fact DO simplify the disclosures that you as a buyer must read, and make the … [Read more...]

The sweet spot for home buying

Recently I’ve been hearing a lot about the “slowing effect” of rising mortgage rate. A recent conversation with a potential home buyer reflected the hesitation often felt rates begin to tick up. Having lived through the early 80's, I have a vivid recollections of mortgage rates very near 18 percent as my parents struggled to sell their home and move from New York to Arizona. It got me wondering how current rates compare to the lifetime average mortgage rates for people in their 20's, 30's, and … [Read more...]

The Effect Changing Jobs Has on Buying a Home

For most people, changing employers will not really affect your ability to qualify for a mortgage loan, especially if you are going to be earning more money. For some homebuyers, however, the effects of changing jobs can be disastrous to your loan application. How Changing Jobs Effects Buying a Home Salaried Employees If you are a salaried employee who does not earn additional income from commissions, bonuses, or over-time, switching employers should not create a problem. Just make sure to … [Read more...]