Fannie Mae and Freddie Mac came to a conclusion when CALCULATING SE:F EMPLOYED INCOME WHEN NO DISTRIBUTIONS They only want to allow borrowers to use income…

Short answer A contract amendment after the appraisal is ordered can force a new appraisal, a re-inspection, or a change to your loan amount. Tell your lender before you sign the amendment, not after — that order matters more than people expect. Call or text 904-880-6741 Ask about your actual file — no SSN, no…

When Fannie Mae and Freddie Mac added the guideline about variable income they took the normal over time, bonus and commission pay types and added variable…

“Manual underwriting” refers to the process of assessing a borrower’s creditworthiness and making lending decisions based on a thorough review of their…

There have been a lot of questions around rules as it pertains to Property Flipping Rules. Property Flipping is when sellers buying a home and then flip it and…

TAX RETURN REQUIREMENTS FOR MORTGAGES Tax season opened up this year on January 29th for everyone to hope for a refund or fear that you owe.

Positive Rental Payment History refers to the on-time payment by a Borrower of all rental payments in the previous 12 months.

Bill could mark a first for the country A Nebraska lawmaker whose north Omaha district has struggled for years with a housing shortage is pushing a bill that,…

US housing starts plunge. New construction ‘collapsed’ last month Construction of new homes in the US dropped in January as buyers continued to sit on the…