OVERTIME INCOME AND THE DIFFERENCES WITH EACH LOAN PROGRAM Most people likely think overtime calculations are the same across the board for Fannie, Freddie, FHA, VA, and USDA. Interestingly enough they have similarities although there are some important differences between all of them. Check out the little nuances that make them unique and use them…

Mortgage rates are on an unpredictable path at present – and there’s no one-size-fits-all approach for borrowers weighing up the best decision The outlook for US mortgage rates has been nothing if not unpredictable in the second half of the year, with the 30-year fixed-rate average trending downwards during the summer before inching up in…

The interest rate market continues the healing process after taking heavy damage in October.  During the course of that month, the average top tier conventional 30yr fixed rate increased more than 0.75% and broke above 7.0% for the first time since early July.  The first few days of November saw some additional volatility with our…

Sometimes the most common questions with the most common answers are not fully understood. Today I want to clarify the rules and guidelines behind timeshares and how they impact mortgages. TOP QUESTIONS ASKED ABOUT TIMESHARES: Q: WHAT TYPE OF DEBT IS A TIMESHARE CONSIDERED? A: All products except USDA state it is classified as an installment…

The Personalized Touch of Mortgage Brokers When it comes to securing a mortgage, a personalized approach can make a significant difference. Mortgage brokers serve as intermediaries who work directly with you to find the best possible loan options that fit your unique financial situation. Unlike bank loan officers, who are confined to offering only their…

How to Choose a Mortgage Lender Selecting the right mortgage lender is a critical step in the home-buying process. The lender you choose can significantly impact your financial future, so it’s essential to make an informed decision. Here are some key factors to consider when How to Choose a Mortgage Lender for your needs. Understand…

What is a Mortgage? When considering purchasing a home, you’ll likely come across the term ‘mortgage.’ Understanding what a mortgage is and how it works is crucial, especially if you plan to finance your home purchase. This in-depth guide will help you grasp the key concepts behind mortgages and how they can impact your financial…

‘We have to be better at explaining to the client the time is now,’ said CEO Tristan Kirk (pictured), CEO and managing partner of Citadel Mortgages in Canada and Simply Approved Mortgages in the US, is acutely aware of the changes shaping the mortgage industry in North America. And, when asked about the recent growth…

Focus turns to how new Trump administration will tackle housing crisis The dust has settled on a momentous 2024 US presidential election campaign that dominated headlines for months and put two sharply contrasting plans for America’s future in the spotlight – and as a second Donald Trump presidency looms into view, attention in the mortgage…