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Interest on federal student loans has been zero since the start of the pandemic, but as of Sept. 1, interest has started accruing again with payments, once again, becoming due. With rates typically between 3% and 7%, student loan payments can result in a significant increase in borrower’s monthly expenses as payments begin in October.Fannie…

A collections on your credit report refers to an unpaid debt your creditor passed along to a third-party collections agency to chase the owed money on behalf of the creditor. The collection’s existence on your credit report is not ideal. It can severely lower your credit score and impact future loans. However, there are entirely above-board ways to get…

Mortgage update: Waller hints at a rate hike break Mortgage interest rates dropped last week after three weeks of record-high rates. The question we’re all looking at going into the month is: Will the Federal Reserve skip the interest rate hike in September? Federal Reserve Governor Christopher Waller said this week that recent strong economic data will…

For first-time homebuyers, settling on the “right” time to buy feels like a losing game—especially in this current market. High inflation, steep interest rates, and a short supply of new homes have made the road from renter to homeowner more challenging. But the good news is that no matter what’s happening with the economy, there are…

Our Bank Statement Loan Program is an excellent tool designed to cater to self-employed borrowers who may struggle to qualify for traditional mortgage loans due to their unique income streams. These loans rely on bank statements, rather than tax returns or W-2s, to verify income–providing a more accurate reflection of your client’s true earning potential.Why…

Homeownership offers a wide range of benefits, both financial and non-financial. Here’s a list of some of the most commonly cited Homeownership Benefits: Equity Building: Over time, homeowners typically build equity in their homes, which can be a significant wealth-building tool. Stable Monthly Payments: With a fixed-rate mortgage, homeowners can have consistent monthly payments, unlike renters who…

During the mortgage process, there are typically two types of financial transactions that may occur: deposits and transfers. Let’s take a closer look at each of them: Deposits: Earnest Money Deposit: When you make an offer to purchase a property, you may be required to provide an earnest money deposit. This deposit shows the seller…

Here’s some general information to help you understand the mortgage pre-approval process: Gather your financial documents: To get pre-approved for a mortgage, you’ll typically need to provide documents such as pay stubs, W-2 forms, tax returns, bank statements, and proof of assets. This information helps us assess your financial situation and determine how much of…

Program Highlights 100% Financing with USDA Closing costs included in loan up to appraised value Low USDA Rates Low Monthly MI We can go down to 600 credit score. Must meet USDA income and property eligibility Repairs can be included in loan amount (up to appraised value) Manufactured Homes are eligible but have specific requirement

First Time Home Buyers Buying a home is a major part of the American dream, and one of the most important decisions you can make. Let us guide you though the process. Most lender require 20% down but we have programs that will allow for 3% down. We also have grants available for those who…