I have known for years now by gauging how the financial markets are doing gives us great insight of what the mortgage business will be like for tomorrow. Portfolio Manager Chuck Wennerlund did it again by providing the inside track of what is going out in the financial markets. His Managing Director and owner of Fuller Assets [...]
Full Story »Title Seasoning: a “Big Deal” when it comes to Mortgage Financing
Attention all real estate investors and buyers trying to buy homes from real estate flippers: Most mortgage lenders now have strict guidelines when it comes to title seasoning. Title seasoning is determined based on how long the seller has been in title to the current property. If a seller has been on the title of [...]
Full Story »I’ve moved!
I wanted to let everyone know about my recent and exciting move to Sunstreet Mortgage, LLC. I will still be your Southwest Mortgage Advisor and can help you with any of your mortgage needs and questions. I am thrilled with the new opportunity at Sunstreet and am looking forward to the new year! Here is [...]
Full Story »Mortgage Lending Guidelines and Advice 101
The new cliché in the mortgage industry is that “We are getting back to basics.” I have heard this phrase thrown around lately, but sometimes I wonder if anyone except other lenders knows what we are talking about? I have a theory that if you get 2 or more mortgage lenders in a room at [...]
Full Story »First time homebuyer tax credit extension
The $8,000 first time homebuyer tax credit of 2009 has been extended until April 30th, 2010. By the deadline you must be in a written binding contract, but will have until July 1st, 2010 to actually close on a home. A first time homebuyer is someone who has not owned a home in the last [...]
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