Brett Sampson's (bsampson) Blog

Did you know Fannie Mae has a program that will allow you to purchase or refinance a property, and renovate it at the same time? …all with one loan?They do! It’s called the Fannie Mae HomeStyle Renovation program.How it works…At closing all funds for renovation will be escrowed in an interest ear...

I write a lot of Special Reports to educate borrowers and potential borrowers about their mortgage options.It’s important to know the loan programs you can use to purchase homes.    …This way you can determine which program best meets your needs.Here is a report I wrote a couple of years ago abou...

I wanted to quickly go over the rules for gift giving on Conventional loans.First – Gifts to cover down payment and closing costs are allowed! (only on owner occupied homes)However, a gift cannot be given by just anyone.The following are allowable gift givers for Conventional loans…• Relative, de...

Here is one quick credit tip for getting your credit scores higher…Did you realize that 30% of your score is made up of the ratio between your available credit vs your actual balances on revolving credit accounts (like credit cards)?You don’t want to charge these accounts over 50% of the availabl...

If you are considering paying off or paying down an account in an attempt to improve your credit scores – you should really consider using our “what if” program.It can save you time and money – and give you a valuable insight on the impact of paying off or paying down accounts on your credit scor...

Here’s a USDA tip for you…First, you should know that USDA family income caps. …In other words if you make too much money you won’t qualify for a USDA loan. Here is the link to check the income for your area…http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do  Important: US...

I’ve written about this topic before, but I was asked about it again yesterday, so I thought I would touch on it again here. If you are buying a house that needs minor repairs – but the seller refuses to do them – what do you do?This situation happens a lot, especially on bank owned homes.The sim...