Can you use projected rental income on your Primary Residence to qualify for a Home Loan?

A better question….can you use the projected rental income on your current home if you plan to convert it to a rental property when you buy your new home? The short answer….YES! The long answer….YES…and NO! It really depends on a number of factors, let’s break them down. Here’s the scenario – you’re shopping for […]

Read More Can you use projected rental income on your Primary Residence to qualify for a Home Loan?

The $33,000 Homebuyer Mistake

I know, I know, I’m stealing a page right out of the doom and gloom media’s playbook by using such a daunting headline as the “$33,000 Homebuyer Mistake” – but with good intentions I promise! I’m compelled to get this message out as I watch home affordability gradually slip out of reach for some of […]

Read More The $33,000 Homebuyer Mistake

Why’s the Dad on the Floor?

…..the next thing I remember is hearing an emergency room nurse asking “Why’s the dad on the floor?”. This is my story of the craziest, scariest, faith-testing 48 hours of my life. This is the story that I pray other dads don’t have to tell from personal experience. This is an opportunity for me to share […]

Read More Why’s the Dad on the Floor?

USDA Zero Down Payment Home Loans!

With all the noise the doom and gloom media is making about tightening credit restrictions and rising interest rates, many homebuyers have been led to think low down payment loans are a thing of the past.  Make no mistake, there are many programs still available.  One often-overlooked loan program belongs to the U.S. Department of […]

Read More USDA Zero Down Payment Home Loans!

ABILITY TO REPAY and QUALIFIED MORTGAGES: The new challenges for homebuyers (and their agents)

On Jan. 10, the Consumer Financial Protection Bureau (CFPB) rolled out new rules governing how mortgage lenders originate loans. The regulations are designed to prevent shady or predatory lending and otherwise protect consumers. Financial institutions have been preparing for the changes for months. The big fear is that potential homebuyers will be blindsided. What do […]

Read More ABILITY TO REPAY and QUALIFIED MORTGAGES: The new challenges for homebuyers (and their agents)