Over the years I’ve noticed a fairly consistent, unnecessary, and sometimes harmful pattern with first time home buyers. Many first time buyers wait until they feel their finances look exactly like a loan officer would want them to look before they apply for a mortgage. They’re typically looking for a slight raise, a larger [...]

Mortgages of all types have different credit guidelines, but one specific guideline is worth noting. All mortgage loans have a “seasoning” period where they require buyers to wait after a major hardship has occurred.  For foreclosures, all mortgage types require a minimum of 3 years.  Government backed home loans, such as FHA, VA and USDA, [...]

In the last few weeks, I’ve been reminded how shark-infested the mortgage industry can be. To the consumers reading my blog (and lenders), have we not moved past annoying customers for their business? Perhaps I’ve been sheltered (and overly optimistic) for the last few years, but this week reminded there are plenty of sharks still [...]