If You Are Self-Employed Do You Stand a Chance of Getting a Mortgage?

The guidelines for obtaining a mortgage these days favor those who get a regular paycheck. Even if you have almost no money for a down payment, the lenders are happy to lend, if you are what they consider “employed”. Doesn’t matter that you may be laid off and not be able to find another job. [...]

Read More

6 Simple Steps to Protect Yourself From Identity Theft

It’s human nature to think “it won’t happen to me. It’s always the other guy” but don’t kid yourself. As many as nine million Americans have their identities stolen every year. That’s a staggering number. If you’ve ever known anyone who has gone through this particular hell, you know how life-altering it can be. Here [...]

Read More

Should You Dip Into Your Retirement Account to Buy a Home?

Many of our borrowers ask us the advisability of using their retirement savings to help pay for a new home. They’ve been been socking away money in their 401(k) retirement account and IRAs, and they’re thinking of using some of that savings toward the purchase of a home. Generally, taking money out of a retirement [...]

Read More

Zestimates – Just How Accurate Are They?

Zillow is the most popular online real estate information site, with over 70 million unique visitors in a single month. Along with active listings of properties for sale, it also provides information on houses that are not on the market. You can enter the address or general location in a database of millions of homes [...]

Read More

A Foreclosure, Short Sale or Bankruptcy in your Past May No Longer Slow up your New Home Purchase

There are new federal housing guidelines to help prior homeowners with a short sale, foreclosure or bankruptcy on their record to re-enter the housing market. The old guidelines made a new home buyer wait a minimum of three years before buying a new home. Now, with credit problems being the rule rather than the exception, [...]

Read More