Inheriting a Home? If you inherited a home with a reverse mortgage or any other debt tied to it, did you know that you can refinance the home and pay off the existing debt? You may also be able to take advantage of renovation financing options that are rolled into the same loan in order to fix up the place.  If you have questions, let’s talk about your situation!
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Inheriting a Home? If you inherited a home with a reverse mortgage or any other debt tied to it, did you know that you can refinance the home and pay off the existing debt? You may also be able to take advantage of renovation financing options that are rolled into the same loan in order to fix up the place.  If you have questions, let’s talk about your situation!

ByBrandon Butler

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What is an Accessory Dwelling Unit? It is a separate living space with its own entrance and exit, that is often used as additional living space.  Some property owners rent out the space, others use it as private living space for guests, older children, disabled adults, parents, or others. The financing for a home like this is the same as a single dwelling.  If this sounds interesting, comment below and I’ll send you a fact sheet!
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What is an Accessory Dwelling Unit? It is a separate living space with its own entrance and exit, that is often used as additional living space.  Some property owners rent out the space, others use it as private living space for guests, older children, disabled adults, parents, or others. The financing for a home like this is the same as a single dwelling.  If this sounds interesting, comment below and I’ll send you a fact sheet!

ByBrandon Butler

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Recently, there have been some BIG changes about what can be reported on your credit report. New rules are helping many consumers improve their credit and these tips may help you too. If you have medical debt or have been a victim of human trafficking, comment below, and I will send you a fact sheet about what you need to know! Want to know more tips about improving your credit? Let’s talk!
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Recently, there have been some BIG changes about what can be reported on your credit report. New rules are helping many consumers improve their credit and these tips may help you too. If you have medical debt or have been a victim of human trafficking, comment below, and I will send you a fact sheet about what you need to know! Want to know more tips about improving your credit? Let’s talk!

ByBrandon Butler

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Was your home loan denied due to a gap in employment due to COVID?  If so, FHA recently changed its guidelines, and many more people are likely to qualify.  If you had a gap in employment and you are in the same line of work for at least 6 months, you no longer need to be employed at your present position for 6 months. FHA will consider the same line of work as demonstrating income stability.  Let’s talk if this sounds like your situation!
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Was your home loan denied due to a gap in employment due to COVID?  If so, FHA recently changed its guidelines, and many more people are likely to qualify.  If you had a gap in employment and you are in the same line of work for at least 6 months, you no longer need to be employed at your present position for 6 months. FHA will consider the same line of work as demonstrating income stability.  Let’s talk if this sounds like your situation!

ByBrandon Butler

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Calling All Space Force Guardians!  Sounds very Sci-fi, right?  Yet, as of 2020, the Space Force was created as a new branch of the United States Armed Forces to our country.  The Veterans Administration accepts service in this branch of the Armed Forces as eligible for VA home loan benefits.  If you are a Veteran or Active Military in any branch, let’s talk about how the VA home loan benefits you!
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Calling All Space Force Guardians!  Sounds very Sci-fi, right?  Yet, as of 2020, the Space Force was created as a new branch of the United States Armed Forces to our country.  The Veterans Administration accepts service in this branch of the Armed Forces as eligible for VA home loan benefits.  If you are a Veteran or Active Military in any branch, let’s talk about how the VA home loan benefits you!

ByBrandon Butler

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Big Win for Veterans Buying a Home!  VA recently changed its guidelines to allow Veteran borrowers to pay for a pest inspection and repairs.  Previously, this was not permitted unless there was a local variance.  For Veterans competing for homes in a tough market, this updated guideline gives them more flexibility in their home loan offer.  If you are a Veteran looking for a home, let’s talk!
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Big Win for Veterans Buying a Home!  VA recently changed its guidelines to allow Veteran borrowers to pay for a pest inspection and repairs.  Previously, this was not permitted unless there was a local variance.  For Veterans competing for homes in a tough market, this updated guideline gives them more flexibility in their home loan offer.  If you are a Veteran looking for a home, let’s talk!

ByBrandon Butler

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Inherited Properties – Did you know that you can refinance an inherited property to buy out other beneficiaries or make needed repairs?  If this sounds like your situation, let’s discuss your best options.
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Inherited Properties – Did you know that you can refinance an inherited property to buy out other beneficiaries or make needed repairs?  If this sounds like your situation, let’s discuss your best options.

ByBrandon Butler

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Assuming a Lower Rate Mortgage? It may seem like a great idea to assume a low-rate mortgage and then get a Home Equity loan to cover the cost of any repairs you would like to make. Depending on what you would like to do, it may make more financial sense to refinance to pull out that equity.  HELOCs typically float with the market.  If rates go up, they can get really expensive fast!  Let’s do the numbers on your situation to see what makes sense for you!
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Assuming a Lower Rate Mortgage? It may seem like a great idea to assume a low-rate mortgage and then get a Home Equity loan to cover the cost of any repairs you would like to make. Depending on what you would like to do, it may make more financial sense to refinance to pull out that equity.  HELOCs typically float with the market.  If rates go up, they can get really expensive fast!  Let’s do the numbers on your situation to see what makes sense for you!

ByBrandon Butler

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Low Housing Inventory does not mean you can’t own a home!  There are many construction financing programs available that are easy to work with.  If this sounds like an option you would like to know more about, let’s chat!
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Low Housing Inventory does not mean you can’t own a home!  There are many construction financing programs available that are easy to work with.  If this sounds like an option you would like to know more about, let’s chat!

ByBrandon Butler

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Popular Question from Clients:  If I’m employed and only need that income to qualify for a home loan, will the lender count the business loss from my side gig? If you are financing your new home with a conventional loan, then we only need to consider the income from your employment and not income/loss from your side business.  Let’s review your situation before you start house hunting!
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Popular Question from Clients:  If I’m employed and only need that income to qualify for a home loan, will the lender count the business loss from my side gig? If you are financing your new home with a conventional loan, then we only need to consider the income from your employment and not income/loss from your side business.  Let’s review your situation before you start house hunting!

ByBrandon Butler

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Popular Question from Clients:  When qualifying for a new home loan, can I use rental income from my current primary residence to offset the mortgage payment on that home? The fast answer is yes!  How the lender counts the income or offsets your current mortgage payment will vary based on your circumstances.  Let’s talk about your situation and I’ll help guide you through the home financing guidelines.
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Popular Question from Clients:  When qualifying for a new home loan, can I use rental income from my current primary residence to offset the mortgage payment on that home? The fast answer is yes!  How the lender counts the income or offsets your current mortgage payment will vary based on your circumstances.  Let’s talk about your situation and I’ll help guide you through the home financing guidelines.

ByBrandon Butler

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Shorten Your Commute Time! Did you know you can finance a residential home that includes a business? These types of properties are referred to as “mixed-use” properties because they have residential living space and a business such as a day-care facility, beauty/barber shop, or doctor’s office.  And the best news is that there are no separate down payment requirements between these types of homes and non-business residences.  If this sound like something you are trying to finance, let’s talk first!
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Shorten Your Commute Time! Did you know you can finance a residential home that includes a business? These types of properties are referred to as “mixed-use” properties because they have residential living space and a business such as a day-care facility, beauty/barber shop, or doctor’s office.  And the best news is that there are no separate down payment requirements between these types of homes and non-business residences.  If this sound like something you are trying to finance, let’s talk first!

ByBrandon Butler

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Buy That Fixer Upper!  So many great properties get overlooked because they need some renovation.  Did you know that you can buy a home and finance the purchase and the renovation all in one loan?  This tip might help you find a home that is overlooked vs. trying to outbid others on a “hot” property. The best thing is that you can renovate the home to your liking vs. just taking what you can get.  Comment below & I’ll send you a fact sheet about how this program works!
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Buy That Fixer Upper!  So many great properties get overlooked because they need some renovation.  Did you know that you can buy a home and finance the purchase and the renovation all in one loan?  This tip might help you find a home that is overlooked vs. trying to outbid others on a “hot” property. The best thing is that you can renovate the home to your liking vs. just taking what you can get.  Comment below & I’ll send you a fact sheet about how this program works!

ByBrandon Butler

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IRS Payment Agreements & Buying a Home!  Did you know that FHA will allow you to finance a home if you have delinquent IRS credit obligations and a repayment agreement has been set up? The lender will require you to show a history of 3 on-time monthly payments under the repayment agreement.  If you thought this was holding you back from owning a home, let’s talk!
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IRS Payment Agreements & Buying a Home!  Did you know that FHA will allow you to finance a home if you have delinquent IRS credit obligations and a repayment agreement has been set up? The lender will require you to show a history of 3 on-time monthly payments under the repayment agreement.  If you thought this was holding you back from owning a home, let’s talk!

ByBrandon Butler

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Did You Know? The primary borrower does not have to occupy the property if the Parents want to provide housing for their physically handicapped or developmentally disabled adult child – even if the child has little or no income. The Parent is considered the owner-occupant. The same rules apply when children want to provide housing for elderly parents – even if a parent has little or no income. The child is considered the owner-occupant.
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Did You Know? The primary borrower does not have to occupy the property if the Parents want to provide housing for their physically handicapped or developmentally disabled adult child – even if the child has little or no income. The Parent is considered the owner-occupant. The same rules apply when children want to provide housing for elderly parents – even if a parent has little or no income. The child is considered the owner-occupant.

ByBrandon Butler

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