25 years ago, I left my career in the title and escrow career to become a mortgage loan officer. I announced it on April fools day to the real estate agents that I was no longer going to be their title rep and that I was making the move to the mortgage side. Many were shocked as I had been in the title industry for 14 years and was pretty established. It was a big move! [Read more…]
Celebrating my 25 Years in the Mortgage Industry
April 1, 2025 by Leave a Comment
HUD Changes Citizenship Requirements for FHA Mortgages
March 28, 2025 by Leave a Comment
FHA issued an update to their guidelines (ML 2025-09) revising residency requirements for FHA mortgages. The new guidelines only allows U.S. citizens and lawful permanent residents and removes non-permanent residents from being eligible.
From Mortgage Letter 2025-09:
“Currently, non-permanent residents are subject to immigration laws that can affect their ability to remain legally in the country. This uncertainty poses a challenge for FHA as the ability to fulfill long-term financial obligations depends on stable residency and employment.”
This is an evolving situation. I expect other government backed loans to follow suit. Stay tuned.
Mortgage Interest Rate Update and More!
March 24, 2025 by Leave a Comment
I am taking a quick vacation to visit my son and family in Japan. I will be back to work as fresh as a cherry blossom on April 8, 2025. (Update: I’m back from vacation!)
My team is ready to help you with your preapproval or home buying needs while I’m away. You can start an application here to get the process started. [Read more…]
It’s Fed Day!
March 19, 2025 by Leave a Comment
As expected, the Fed has decided to leave the Fed funds rate unchanged, leaving the targeted range between 4.25% and 4.5%. This rate does not directly affect mortgage interest rates, but rather influences the direction of mortgage interest rates (unless you have a home equity line of credit that is based on the prime rate).
What may impact mortgage rates today is the press conference following the Fed rate announcement. Stay tuned!
Mortgage Rate Update for the Week of March 17, 2025
March 17, 2025 by Leave a Comment
Happy St. Patrick’s Day!
You don’t need the luck of the Irish to have your own pot of gold! Check out my latest Mortgage Rate Update to learn where rates are trending, what may impact mortgage interest rates this week and where you can find your own pot of gold.
Mortgage Rate Update for the Week of March 10, 2025: Tariffs and Trade Wars
March 10, 2025 by Leave a Comment
Mortgage rates tend to improve when stocks are having a tough day. Check out my latest episode of Mortgage Rate Update to learn more.
Why and How to Freeze Your Credit
March 8, 2025 by Leave a Comment
In today’s digital world, protecting your personal and financial information is more important than ever. One of the most effective ways to safeguard yourself against identity theft and fraudulent activity is by freezing your credit. Whether you’re applying for a mortgage, planning a big financial move, or simply want to enhance your financial security, understanding how and why to freeze your credit can be a crucial step.
Why Should You Freeze Your Credit?
Mortgage Rate Update for the Week of March 3, 2025
March 3, 2025 by Leave a Comment
This week’s episode includes current mortgage rates and where they may be heading, plus a history on home appreciation.
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