Brett Sampson's (bsampson) Blog

Sometimes the difference between getting an approval on your loan or not comes down to what documentation your loan officer decides to leave out of a loan submission. I’ll give you an example… Let’s say you work a regular job, and at the end of the year you get a W-2. Now let’s say last year you...

Normally if you have had a foreclosure you must wait a minimum of 3 years (after the foreclosure) to get an FHA loan. However, if you have had extenuating circumstances you may be granted an exception to this waiting period. Here are the guidelines on the extenuating circumstances… 1) Satisfacto...

If you have a conventional loan, and your loan to value ratio is over 80% – you will be paying monthly mortgage insurance to the lender. No one likes paying monthly mortgage insurance. It’s extra money added to your payment every month, and it’s doesn’t help pay down the balance of the loan. If ...

  Often when you get divorced and once spouse keeps the house, per the terms of the divorce you must refinance your home to get your Ex spouse off the house and get them their share of the equity. The problem is – you have been told by a loan officer that they can’t help you get cash out because ...

A while ago I sent out an email explaining that Experian was changing their policy on dispute removals and no longer would accept a letter from the consumer to remove disputes. Fortunately, they have changed their policy on this, and are now back to allowing dispute removals using a consumer let...

When you give someone option money at the onset of a lease option agreement – you are going to have to prove you gave that money when you get a loan to buy that house. How do you prove it? If it’s certified funds you need to keep a copy of the certified check. If it was a personal check – you ne...