Real estate taxes can creep up over time, resulting in a higher monthly payment.  Many of my clients have learned how to appeal their real estate taxes each year. In addition to saving you money each month, consistently appealing your taxes helps keep them within the “norm” should you choose to sell your property one day.  If you are interested in learning how to do this, please comment below, and I’ll send you some information to help you get started!
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Real estate taxes can creep up over time, resulting in a higher monthly payment.  Many of my clients have learned how to appeal their real estate taxes each year. In addition to saving you money each month, consistently appealing your taxes helps keep them within the “norm” should you choose to sell your property one day.  If you are interested in learning how to do this, please comment below, and I’ll send you some information to help you get started!

ByBrandon Butler

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Are you Self-Employed and wondering what documentation is needed to finance a home? The answer depends on how long you have been in business, how you are paid, and the steadiness of your income. The loan approval systems evaluate the length of time you have been self-employed, how your income is trending [up, down, or steady], and how you are paid by your business. Based on these factors, the documentation needed to qualify you for a loan will be determined. If you are Self-Employed, let’s talk! I’m sure I can help you discover the path to homeownership.
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Are you Self-Employed and wondering what documentation is needed to finance a home? The answer depends on how long you have been in business, how you are paid, and the steadiness of your income. The loan approval systems evaluate the length of time you have been self-employed, how your income is trending [up, down, or steady], and how you are paid by your business. Based on these factors, the documentation needed to qualify you for a loan will be determined. If you are Self-Employed, let’s talk! I’m sure I can help you discover the path to homeownership.

ByBrandon Butler

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For Home Financing purposes, we rely on credit scores to help approve a client for their new home.  Historically, the Classic FICO score has been the “go-to” score for lenders, but that is changing!  The agencies have determined that there is more to a person’s credit than just those accounts traditionally reported to the bureaus, such as car loans, credit cards, and mortgages.  Items such as rent, utilities, cell phone, and other monthly bills also demonstrate a Borrower’s ability to repay debt.  So starting next year, lenders will be using a new credit score model that factors in a more complete credit picture of the Borrower.  That’s great news for many!  If you would like to know more, please let me know and I’m happy to share the details!
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For Home Financing purposes, we rely on credit scores to help approve a client for their new home.  Historically, the Classic FICO score has been the “go-to” score for lenders, but that is changing!  The agencies have determined that there is more to a person’s credit than just those accounts traditionally reported to the bureaus, such as car loans, credit cards, and mortgages.  Items such as rent, utilities, cell phone, and other monthly bills also demonstrate a Borrower’s ability to repay debt.  So starting next year, lenders will be using a new credit score model that factors in a more complete credit picture of the Borrower.  That’s great news for many!  If you would like to know more, please let me know and I’m happy to share the details!

ByBrandon Butler

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Can you buy a home while on Temporary Leave? If you are still employed and on temporary leave, chances are good you can buy a home. The lender will document that you are still employed, that you intend to return to work, and will document any assets you have available after your down payment and closing costs. Depending on the date you return to work, the lender may consider your regular employment income or your temporary leave income, along with the assets available to “tide you over” until you return to work. Let’s talk if you are on temporary leave and want to buy now!
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Can you buy a home while on Temporary Leave? If you are still employed and on temporary leave, chances are good you can buy a home. The lender will document that you are still employed, that you intend to return to work, and will document any assets you have available after your down payment and closing costs. Depending on the date you return to work, the lender may consider your regular employment income or your temporary leave income, along with the assets available to “tide you over” until you return to work. Let’s talk if you are on temporary leave and want to buy now!

ByBrandon Butler

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Can a seller credit be used to pay off the buyer’s debt so that they qualify for a mortgage loan? In markets where seller credits are normal, you may wonder how these credits can be applied to help you buy a home. For conventional or FHA loans, you can use seller credits to pay for closing costs, prepaid expenses, or even points to lower your rate. However, you cannot use them to pay down your debt to qualify for a loan. There is one exception to this, however, and that is a VA loan for Veterans. For VA loans, the credit from the seller can be used to pay off borrower debt to qualify. If you are thinking about buying a home, let’s talk!
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Can a seller credit be used to pay off the buyer’s debt so that they qualify for a mortgage loan? In markets where seller credits are normal, you may wonder how these credits can be applied to help you buy a home. For conventional or FHA loans, you can use seller credits to pay for closing costs, prepaid expenses, or even points to lower your rate. However, you cannot use them to pay down your debt to qualify for a loan. There is one exception to this, however, and that is a VA loan for Veterans. For VA loans, the credit from the seller can be used to pay off borrower debt to qualify. If you are thinking about buying a home, let’s talk!

ByBrandon Butler

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