Since the government instituted something called TRID (nothing for you to worry about), the way pre-approvals are treated have changed. Gone, allegedly are the days of giving everything to a mortgage person and then plug in in the property address you are looking at to get a piece of paper to give to your agent. … Continue reading New World of the Pre-Approval
In a change that signifies that Fannie Mae thinks the economy has recovered, they are now allowing 75% of the rental income on a NEW lease for a current home without needing 30% equity any longer. This means as long as the homeowner has an executed lease with security deposit and first month’s rent, 75% … Continue reading Want to Rent Your Current Home Out and Move? Now, it’s Better!
Crash? Don’t be alarmed. Don’t sell your business, but realize that the economic structure and outside occurrences can shape a real estate market. I am a normally upbeat guy, but I do like realism. We have to step away from being happy all the time to an honest view for our clients — both … Continue reading Top Reasons The Real Estate Market Could Crash Soon
Thanks to the Senate and all the people that helped push the Senate to pass the first step of the reform to Biggerts-Waters 12. Now, the focus is now on the House of Representatives. We need a head count. There are 180 members that are for the bill that we know. We need 218 votes … Continue reading The Flood Of Political Reality