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Weekly Recap Mid Dec 2017

​The Tax Reform: Did you know that it wasn't TRUMP who introduced a reduction in mortgage interest due to lowering the qualifying loan amounts. The Senate and the House have passed their respective tax bill reforms and they are now in a review to merge the two.  Both plan to eliminate the state income tax deduction while each threatens real estate deductions. Many … Continue reading Weekly Recap Mid Dec 2017

New Conventional Loan Limits

This is great news for the real estate industry, as it makes the more simplified standards in lending allow for a higher mortgage amount.  FHFA raise the 2018 Conventional Loan Limits. According to the to Federal Housing Finance Agency - Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum 2018 conforming loan limits for … Continue reading New Conventional Loan Limits

My Book – First Time, Second Time Buyer

Download My Free Book Here Since as early as 2004 when I first entered the mortgage industry, my primary mission has to help borrowers obtain the ideal financing option tailored toward their individual goals. It’s not by accident that I have been recognized as in Chicago Agent Magazine’s “Who’s Who in Chicago Real Estate” for … Continue reading My Book – First Time, Second Time Buyer

Fannie Mae Raises Allowable Debt

As millennials come to market, many of them are carrying heavier than normal student loan debt.  With the large benefits of owning a home, Fannie Mae sought for a way to allow for more debt, like a student loan, and still approve a mortgage to create more buyers. You can follow more on this guideline change directly at Fannie Mae's website … Continue reading Fannie Mae Raises Allowable Debt

Most Affordable States for Millennials

Ever wonder where the most affordable place to live is?  That is an entirely skewed question because a lot comes into play; income, spending habits, savings habits, and cost of living; gas, groceries, food, property taxes... Read a book called, How to Lie with Statistics, and your mind will open up a touch. Anyway, according to … Continue reading Most Affordable States for Millennials

When Lenders Think You’re Self-Employed

You might very well be self-employed and don’t even know it…at least in a mortgage lender’s eyes. How so? There are various types of income borrowers can have that don’t quite fit in the same box as others. One of the more important elements of a mortgage approval involves comparing monthly debt with monthly income. … Continue reading When Lenders Think You’re Self-Employed

Millennials and Money – Cheap Rates under Higher Income

Did you know, young buyers are more qualified today than their parents were, and here's what to know! Money is half the cost for Millennials than it was for their parents.  A $50,000 loan then is the same cost per month as a $100,000 loan now (simple math on lower rates).  Also, the percentage of … Continue reading Millennials and Money – Cheap Rates under Higher Income