Reader Question: “I have a mortgage on an ARM loan owing about $126,000, and a home equity on an ARM for about $32,000. I had my home just appraised in the last week and found out that it came back at $87,000. Are there any programs out there for people as myself with an upside [...]
Mortgage Loans | Brandon | 
August 3, 2010 9:31 am | 
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Question: “I want to use an FHA loan to buy a house, because I don’t have much money saved for the down payment. I was told I can put 3% down through this program. What are the eligibility requirements for FHA home loans in 2010?”
We need to clear up some misinformation first. Then we can [...]
Mortgage Loans | Brandon | July 31, 2010 4:29 pm | Comments (0)
Question: “I’ve been hearing a lot about FHA home loans lately, and how popular they are with home buyers right now. What is the main difference between FHA and conventional loans? Are they just easier to get?”
You’re right. They are rising in popularity right now, and you’ll soon learn why. There are actually several differences [...]
Mortgage Loans | Brandon | 9:27 am | Comments (0)
Question: “I’m planning to buy a house early next year, and I’m trying to put together a budget. I want to know much mortgage I can afford to borrow, based on my income. My current income is $85,000 per year.”
First of all, I’d like to give you some kudos for being a smart home buyer. [...]
Mortgage Loans | Brandon | July 15, 2010 10:10 am | Comments (0)
Question: “I’ve heard that FHA home loans are good for first time buyers who don’t have perfect credit. Can I get an FHA loan with a credit score of 615 and a decent down payment? Any advice would be much appreciated.”
Only a lender can tell you if you qualify for a mortgage with a 615 [...]
Mortgage Loans | Brandon | July 13, 2010 3:23 pm | Comments Off
There are plenty of articles online that cover the steps needed to get a mortgage broker’s license. So I’m not going to recreate the wheel by addressing those steps here. Instead, I’d like to cover some of the unwritten rules you should know about, if you want to become a mortgage broker in the United [...]
Mortgage Loans | Brandon | February 11, 2010 9:10 am | Comments Off