#FansFriday Would you rather be a peacock or a pigeon? Once, there was a happy little pigeon who lived at the edge of a forest. He spent his days in happiness and was generally satisfied with life. Then, one day he saw a beautiful swan. “That swan is so white,” he noticed, “and I am more of a dull grey. That swan must be the happiest bird in the world.” He confessed his thoughts to the swan. “Actually,” the swan replied, “I used to think that I was the happiest bird around until I saw a … [Read more...]
LLPA | Loan-Level Pricing Adjustments
What Is LLPA | Loan-Level Pricing Adjustments and how does it effect you when you obtain a home mortgage? A loan-level pricing adjustment (LLPA) is a risk-based fee assessed to mortgage borrowers using a conventional mortgage. It varies by borrower, based on loan traits such as: loan-to-value (LTV), credit score, occupancy type, Purchase Rate and term refinance or Cash Out refinance and number of units in a home1, 2, 3, 4 units. Borrowers often pay LLPAs in the form of … [Read more...]
Getting a Mortgage After a Divorce
As a Member of The NADP National Association Of Divorce Professionals I get the opportunity to help people with a home Mortgage after a divorce. Whether one spouse must refinance the marital home to remove the other from title and the mortgage or the home needs to be sold and a new home to be purchased. In the last 2 years I helped 8 clients get approved for a home mortgage. Some we had to wait and guide the borrower what to do to be ready for a home mortgage. others had to wait much longer due … [Read more...]
Valentin’s Day Love
It is easy to show your love on Valentine’s day. Sure, it may be hard to get a reservation at your favorite restaurant, but the world conspires to remind you why you liked someone in the first place. There is no shortage of chocolate, flowers or greeting cards to lavish someone with attention; and that is a good thing. And it is important to remember that Valentine's Day is not just about romantic love. It's an appropriate time to recognize all the people we care about. However, people who … [Read more...]
Conventional Loan Limits 2019
Conventional Loan Limits 2019 increased, see below chart The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages delivered to Fannie Mae and Freddie Mac including general loan limits and the high-cost area loan limits. High-cost area loan limits vary by geographic location. In South Florida, Miami-Dade, Broward & Palm Beach the loan limits are as follow: … [Read more...]
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