Hi Annie, conforming loans will not factor room rents as income for qualifying. They need to be on the mortgage…
On Is it a Primary Residence, a Second Home or Investment Property?
This isn't quite what you're talking about here, but I have a question about mortgages. If you want to buy…
On Is it a Primary Residence, a Second Home or Investment Property?
I recently met with a client who purchased 2 homes the same week from a lender/realtor on he pretense that…
On More from the Misleading Mortgage Junk Mail Bag
Tony...you are toooooo kind. ;)Don'tcha ever change.
On Lending Integrity Seal of Approval
Rhonda - You are a Lending Integrity Icon upon yourself!!!
On Lending Integrity Seal of Approval
Hi Mia, Most loans do not have prepayment penalties. Currently you can tell by the Federal Truth in Lending (mentioned…
On Prepayment Penalties: Foul or Fair?
Thanks for the answer, but I have another quick question. Do all home loans have prepayment penalties? Again, thanks for…
On Prepayment Penalties: Foul or Fair?
Hi Mia, I know on the rate post for A Genenous People, I wrote that prepayment penalties could reduce a…
On Prepayment Penalties: Foul or Fair?
I guess I am having a little trouble understanding prepayment penalties. I read an article on prepayment penalties on badcreditmortgages.com's…
On Prepayment Penalties: Foul or Fair?
Gina, I'm re-reading your comment. Thurston County will not "equal" the other counties. The loan limit for a single family…
On New FHA Loan Limits are here!