Mortgages Made Simple

How can this happen??  Was it due to a title issue?  NO.  Was it due to an income issue?  NO.   Let me tell you the story... This past week I had to turn down a refinance loan for borrowers with 720+ FICO scores.  It was one of the toughest things I had to do.   By the way, you can learn how to g...

  IMPORTANT CALL TO ACTION - Hot topic - Reduction of seller concessions on FHA loans to 3% max     I wrote this article the other day, HUD seeks public comment on three main issues for FHA loans. - The main issue and focal point is that FHA wants to reduce the seller concession from 6% to 3%. I ...

  Are you one of thousands of borrowers who are looking for down payment assitance for your FHA Loan? If so, you may be in luck.  Alabama Housing Finance Authority offers a program called the Step Up Loan that offers down payment assitance through a 3% second mortgage. FHA requires a 3.5% down p...

As a mortgage lender, I don't know how many times I've had clients tell me what they thought was their credit score, only to find out differently when they applied with me. "Why is that?" one might ask.  I too have asked the same question before, so I did some research and what I found out astoun...