Although Employment and Income may sound like it is one item there is a significant difference between the two and what is communicated to an Underwriter (this is the person that approves or denies your loan). When Employment is considered in a loan analysis, the underwriter is looking for employment stability. This is determined by […]
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The CIA of Mortgages!
Hello, After over 30 years of working with customers, I have found that CIA (Credit, Income, and Assets) are still not clearly understood and how they are considered in approving a loan. I will address them as concisely as possible here. Credit: As seen by the mortgage industry, credit is a reflection of the likelihood […]
Photo Tips For A Standout Property Listing
How do you get your listing from good to great? You take your shot… And then you take it again. I’m talking about pictures! As a real estate investor, I’m always surprised by the photos that agents, or other investors, choose to include with their property listings. Dirty mirrors, pet food bowls, and broken swing […]
What’s Your WHY?
Before finding your why, building a business is just work… But once you find your WHY, the work has purpose. Around here, we talk a lot about finding freedom. For some people, freedom is their why. They just want to be free of many different things… their job, their boss, their time deficit, their financial restrictions. But for most people, finding freedom […]
Home Owner’s Associations (HOAs) and Real Estate Investors
A homeowner’s association (HOA) is an organization created by a real estate developer to maintain the shared areas of a housing development, such as pools or landscaping. How is a Homeowner’s Association Funded? A HOA is typically funded by the payments of dues known as homeowner’s association fees, which are typically collected on a monthly […]