For many people, buying a home is one of the most significant financial milestones. If you’re a first-time homebuyer, you’ve likely weighed the pros and cons, researched neighborhoods, and possibly hesitated, thinking you should wait. But when it comes to purchasing your first home, waiting might not be as beneficial as you think. Here’s why:…

Many files require the most recent year W-2 as part of the income documentation.  At this time, the 2024 W-2 would be the most recent year W-2, but most borrowers will not receive their 2024 W-2 until early February. In lieu of waiting for the 2024 W-2 to be provided by their employer, we can…

On Monday January 7th the CFPB finalized a new rule banning credit reports from putting medical collections on personal credit reports. The Biden Administration signed off on the new rule and is putting it in place. I do not think this is one of the items that the Trump Administration would reverse the ban on.…

The age-old question of do I need one or not? It can definitely get a bit confusing as to when it is required as it seems it randomly pops up from time to time. Today, I wanted to give you an idea of what and when one is needed for each type of loan. FANNIE…

Beginning march 1st 2025 if you’ve been dreaming of owning a home in a rural or suburban area, there’s great news for you! USDA loans, known for their zero-down payment benefit and competitive interest rates, are now available for resale home purchases. This update opens up new opportunities for buyers looking to invest in pre-owned properties…

Tax season can bring a much-anticipated financial boost for many individuals and families. While it’s tempting to use your refund for a vacation or shopping spree, investing it into your future could be a smarter move. If you’re planning to buy a home, your tax refund can serve as a valuable resource for your down…

Can you purchase a home in the name of your LLC because your CPA says it is a good idea? It is actually a great idea if the agencies allowed it. When purchasing a home in an LLC name that means a business is purchasing the home. If a business is purchasing a home, then…

When the year draws to a close, homeowners receive a crucial piece of documentation from their mortgage company: the year-end tax statement. Also known as Form 1098, this document is essential for anyone who wants to take advantage of tax deductions related to mortgage interest and real estate taxes. Understanding how to read and use…

Embarking on the journey to homeownership is a significant milestone that involves many important decisions. One such crucial decision is choosing the right mortgage lender. An informed choice can make all the difference in your home buying experience, affecting everything from the ease of the process to the financial implications. Here’s what you need to…

Document that alimony, child support, or separate ma intenance will cont inue to be paid for at least thre e years after the date of the mortgage application, as verified by one of the following: A copy of a divorce decree or separation agreement (if the divorce is not final) that indicates the monthly payment…