Mortgages are complicated. And yet they are markedly more straightforward than anytime in the last 10 years. This is good.
The misleading, stated-income, stated-asset, option-ARM, prepayment penalty balloon loan is long gone; likely forever. What's
left are cookie cutter home loans (FHA, VA, 30 and 15 year fixed), only the same cookie cutter might cut a dozen differently
shaped cookies. While the myriad of available financing options has dwindled to behemoth backed institutional mortgages, the
remaining loan programs offer homebuyers fair and responsible methods for buying a home.
This space provides answers, advice, market conditions, loan program updates, and much more. Additionally, questions received regarding scenarios and circumstance will provide the majority of post topics.
*Every effort is made to post valid, up to date information. Mortgage guidelines and programs
constantly change. Therefore, the content of each post should be viewed and used as a starting point.
Please contact us for current guidelines pertaining to this post
or for more information.