Let's talk about impounds. Also called an escrow account or tax and insurance reserves (reserve account) this is the portion of your mortgage payment that pays your property taxes and homeowner's insurance premium when they are due. In most cases, the lender collects these as a part of your payment and pays them on your...Read More

From the time you apply until the time you close on your new home, you're going to be asked for documentation. That feels like a lot, and it can be. This week let's break all that down into bite-sized chunks and talk about the different milestones and reasons for documentation.Read More

While the complexity of your personal financial situation can be reflected (generally) in the complexity of your pre-approval, requirements for asset documentation tend to be a source of frustration for all home buyers regardless of the complexity or simplicity of their finances. Let's talk about what is needed and why.Read More

There are a lot of voices out there looking at rates and saying that now is a bad time to buy a home BUT there are enough factors in the market that make now exactly the right time to buy a home. Let's use a little story to highlight some of the considerations to remember...Read More

You don't need 20% down to buy a homeRead More

So your pre-approval has expired... What now?Read More

Why are we going back to underwriting?Read More

When using a fast closing as a negotiating tactic to win an offer it's imperative that nothing prevent that closing from happening on time. When there is an inspection contingency that may result in back-and-forth negotiations you run the risk of delays to the closing timeline.Read More

A change to real estate law could have major impact to pre-approvalsRead More

Think twice about opening a new bank account during your mortgage pre-approval process. Here's why!Read More