Rhonda, I am currently engaged to my fiance and I am considering buying a house to live in (I live…
On Is it a Primary Residence, a Second Home or Investment Property?
I am married, but I am not on the title of my husband's house, and we don't live in a…
On Is it a Primary Residence, a Second Home or Investment Property?
Yikes, Debra...it's amazing what people will try to get away with...sometimes w/good intentions but even so, they are potentially committing…
On When Your Credit Score Drops During a Mortgage Transaction
Carl, although stated income loans may have been around for a while, lenders lowered the bar and who could obtain…
On Why I Don’t Like Stated Income Loans
Hi Rhonda, Add to this list: Do not get divorced while you are trying to buy a home! Several years…
On When Your Credit Score Drops During a Mortgage Transaction
NIV or stated income loans have been around for a long time. The 100% aspect was never around though nor…
On Why I Don’t Like Stated Income Loans
Hi Matt, generally the lender is going to want a copy of the Trust Agreement or a statement from the…
On Documentation for Self Employed or Commission Paid Borrowers
What about if your income comes from multiple trusts and it is rather recent. Will letters from the trusts be…
On Documentation for Self Employed or Commission Paid Borrowers
Mary, I don't lend out of the State of Washington so I can't really comment for property located outside of…
On Is it a Primary Residence, a Second Home or Investment Property?
Thanks Bill... indoor furniture, riding lawn mowers.... you name it.... if it's valuable, it may be considered a sales concession.
On Before You Negotiate the Patio Furniture into your Purchase and Sale Agreement