Letters of Explanation and How it can Make or Break your Loan File
Saturday, June 07
Letters of explanation are crucial to a loan file to not only close on time but to not close ugly or late or sometimes close at all. A way to avoid any speed bumps is by carefully addressing the key points in the file that a mortgage underwriter will pick up on. This is where an experienced mortg...
What's needed to determine your mortgage rate?
Sunday, June 01
Here are the main areas that a lender will need to know to give you an accurate rate. If your lender quickly gives you a rate with out knowing or asking you the below you may be getting set up to be lied to. So next time you go to your loan officer and ask whats the rate ...
Pro's & Con's of Permanent Life Insurance
Monday, May 26
As with any financial vehicle there are pro's and con's. Advantages: - Tax free/Deferred growth of your money that is comparable to equivalent taxable returns of up to 8-20%+ avg before tax - Liquidity: Ability to access to your funds tax free via withdrawal or loan without...
Near Tax Free Cashflow with Little to No Taxes in Real Estate
Monday, May 26
One of the things that peaked my interest in real estate was when I was working on a loan file where the investor had many cash flowing properties and paid little to no taxes. I found this intriguing because we all pay tons of taxes! Through working with RE investors and their tax advi...
Common Funding Sources for a Down Payment
Tuesday, May 20
If you're using conventional financing to obtain a down payment be careful to utilize only funds that can be accepted for your particular scenario. Here are some tips on the most common types of funding for down payments that I've seen: - Checking & savings accounts can be used a...
How to Save Thousands when Buying your First Home
Sunday, April 27
Most counties and state authorities will have programs but this particular program can help you save 20% of all the interest you pay per year for the life of the loan when you purchase a primary residence. This incentive can account for thousands of dollars over the life of the home loan. ...