Is That Condo FHA Approved: How to Find Out? If you are shopping for a condo right now, no matter what the market’s in, and you’re obtaining an FHA mortgage – it’s important to figure out if the condo is FHA approved. FHA has a website where you can go and look up the condo…

What is a HECM Reverse Mortgage? Today I’m going to answer the question what is a reverse mortgage, and more specifically – What is a HECM Reverse Mortgage? First of all, what is a reverse mortgage? A reverse mortgage is simply any loan secured by a home where the payments are deferred to a later…

 Fed To Raise Rates In 2022? I wanted to share with you that the Federal Reserve just had their most recent meeting here in December, and they announced that they’re going to raise interest rates in 2022. This is something that we’ve been expecting for quite some time. And I wanted to share a couple…

This week’s tip is for you renters out there watching this video. And if you are not a renter but you know of someone that’s renting, please forward on this video, share it because this is very, very important information. This is a warning to renters right now that are perhaps wanting to buy a…

This week I wanted to get into something that drives me absolutely bonkers, and that is when mortgage professionals and real estate agents use terminology and acronyms that most people don’t understand. A lot of mortgage people, they don’t get that most people don’t think about mortgages and real estate every day. They don’t realize…

What is DTI and Why Is It Important? Mortgage Tips Happy Thanksgiving to all of you. I hope you’re enjoying some relaxing and fun time with your friends and family. This week I wanted to get into some terminology that’s used in the mortgage industry, that can be confusing for some people, because, let’s face…

8 Strategies To Get Your Offer Accepted If you’re out there looking to buy a home, you know that it’s brutal out there. It’s competitive. There’s many, many offers on the same house. It’s hard to get your offer accepted. So this week I have for you eight things that you can do to make…

This week I want to address a very common question that we get every day, and that is what steps need to be taken in order to secure a mortgage loan? The question is simple, yet it can be complex, and the basic steps are first of all, you need to apply with the mortgage lender…

What are closing costs and how much can you expect to spend on closing costs? The first thing to know is that when buying a home there’s more to invest in the home than just the down payment, there’s also closing costs. Closing costs are the different fees and charges that the different entities charge…

I want to talk about adjustable rate mortgages. So what is an adjustable rate mortgage or ARM? The reason why I wanted to talk about this, is even though rates are remaining at historic lows right now, and rates are super, super low, it’s inevitable that rates at some point will go up. When rates go…