This is a post that is not related to the mortgage business but I felt like I needed to spread the word. This happened about 3 miles from my house. My name is Lauren, and as many of you may know I am the step-daughter of Deputy Maness; the male officer was shot and put in critical condition on […]
Start with a Secured Credit Card A secured credit card requires a cash deposit (often $200–$500) that becomes your credit limit. Because it’s considered revolving credit (unlike loans, which are installment credit), it has a much stronger positive impact on your credit score. Why Revolving Credit Matters More Than Installment Loans Installment loans (car loans, personal loans, mortgages) add some […]
FHA, VA, Conv & USDA loans no longer require a tax returns if you are a W-2 employee. This does not apply if you a self employed or more than 25% of your income is commissioned income. This helps people buying or refinancing, where their tax returns show losses from unreimbursed employee expenses (form 2106) or they have a self […]
Student loans can affect the loan process in multiple ways. They could limit you on how much you can buy or they could prevent you from buying a home all together. We will look at how student loans affect FHA, VA, USDA & conventional loans. Student loans are looked at differently depending on what type of loan you are […]
It has been many years but alternative income loans are BACK. This loan is for a self-employed person who does not show all of their income on a tax return. If you are buying or refinancing a home and you are self employed this is the perfect mortgage for you. You can get this loan on your primary, second home […]
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