Qualifying Income
Updated Oct. 9, 2013
CAN YOU USE MY INCOME? A common question I receive from borrowers. Unemployment, Child Support, Bonus, Overtime, Disability, Dividends orTrust income to name a few. In order to assess I look at history of receipt, frequency of pymts & continuance. For fluctuating work hours an averaging method is used. All of...

Medical Collections
Updated Oct. 9, 2013
Have you experienced Medical Collections? Maxine Waters, a minority leader with the House Financial Services Committee has proposed a Bill on Friday called H.R. 1767 that states that anyone who has had a medical collection bill from their credit report that has been PAID in full, the collection should be...

Liabilities
Updated Oct. 9, 2013
Ever Co-Signed on a Loan for someone but you don't actually make the payments? It can happen with our children as they are establishing credit worthiness. However if it is affecting your debt to income ratios while you are trying to finance a new real estate loan for a purchase or refi, we can work through it....

Short on Income?
Updated Oct. 9, 2013
The loss of Stated-Income and No-Income/Asset loan programs has created more documentation requirements for our strong asset borrowers with proven credit history and financial stability. For many reasons, some borrowers may not really have a long 2 yr history of documentation for their income but do not...

Rising Rates
Updated Oct. 9, 2013
Are we recovering too fast? Our reports tell us that American home prices increased an average of 10.6% from 3/12 to 3/13. Some feel this is too fast but the truth is, markets have cycles, period. Ups and downs will repeat, but hopefully not to such extremes that we have experienced. With the last down cycle so extreme,...