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Qualified Mortgage – QM

You may have heard some of the buzz in the news about a qualifed mortgage rule rolling out in the begining of January.  I want to try and dispell some of the rumors because the media as always makes this sound like a big deal.  The fact is Lenders are already doing this and its business as usual.  QM requires lenderst to do things like verify income & assest.  Bascially QM is 10 year late and is being put into place to help prevent some of the loans that were being done back in the mid 2000’s.  Check out this short video about QM.  Also here is a link for Uncle Sam’s FAQ on the topic.  QM FAQ

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July Lunch And Learn: Options For Every Home Buyer

OPTIONS FOR EVERY HOME BUYER

AS A REALTOR, HAVE YOU EVER WONDERED WHY BUYERS FIT INTO ONE PROGRAM VS ANOTHER?

Every home buyers scenario is different.  When first meeting with a buyer we take a deep dive into there personal financial information.  The personal financial information is going to determine our limits for the different loan programs.  However, there is much more to it.  When we meet we also go over their wants, dreams, and future goals.  Here are just a handful of questions that then help to determine the loan program.

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