The Dodd Frank – Consumer Protection Act was adopted in July 2010 and created the CFPB (Consumer Finance Protection Bureau). Check out their site at www.consumerfinance.gov Starting in January 2014, the CFPB (Consumer Finance Protection Bureau) says mortgage lenders must implement new rules regarding “Qualified Mortgages) and the “Ability to Repay”. These rules are meant to protect […]
Search results for debt ratio
Tax Credit Extended for Returning Vet...
Tax Credit Extended for Returning Veterans… You may qualify for up to an $8000 tax credit if you or your spouse were on qualified official extended duty outside the United States for at least 90 days during the period beginning January 1, 2009 and ending before May 1, 2010, and were a member of the […]
Conventional Loans
What are conventional loans? Conventional loans (also referred to as conforming loans) are mortgage loans underwritten to the standards/guidelines of Fannie Mae (the Federal National Mortgage Association) and/or Freddie Mac (Federal Home Loan Mortgage Corp). Loans underwritten to these standards can be sold on the secondary market enabling mortgage companies to lend money at very […]
FHA and Conventional Home Loans ̵...
For many people, understanding the many different home mortgage programs can be difficult especially since there are many different mortgage programs that a person can select from. Two of the most common home loan programs are FHA home loans and Conventional Home Loans. Many home buyers are unsure whether to go with a FHA loan […]
VA Loans
Who Qualifies for a VA loan? Veterans with a certificate of eligibility A veteran’s spouse may be a co-applicant on a VA loan if the Veteran is also on the loan A veteran cannot have a non-veteran as a co-applicant unless the co-applicant is the Veteran’s spouse Not limited to first time home buyers VA […]
Get Pre-Approved!
Get Information For more info on prequalifying and/or preapproving for a mortgage or to receive some basic info specific to you, keep reading. Or pick up the phone and call 603-345-5644 for a real person. Get Preapproved In order to preapprove you, we do need to know information about your employment, income, assets and debts […]