Unfortunately, bad things happen to good people and I can speak first hand of the consequences, stress, emotions and financial difficulties that arise from a… Read More »Divorce, Real Estate and You! What you need to know.
Collections are credit accounts that have not been paid over a period of time. FHA defines collection accounts as “a Borrower’s loan or debt that has been submitted… Read More »How Do Collection Accounts Affect A Mortgage Application?
In the context of establishing a borrower’s DTI or debt to income ratio, departure income is defined as income derived from leasing out your current… Read More »Departure Income FHA, VA, Fannie, and Freddie
New home buyers spend an average of $17,500 in basic upgrades and repairs in the first two years after their purchase and 90% of that is placed… Read More »Streamline/Limited FHA 203K Quick-Close System