Using Future Employment Income to Qualify for a Home Loan
Today, I want to address a common concern for many looking to buy a home: how to qualify for a mortgage using income from a future job. Let’s dive into the details to help you understand the process and avoid any pitfalls. Why Future Employment Matters in Home Loans When you’re planning to move for […]
When is the Right Time to Refinance Your Mortgage?
When is the right time to do a refinance? This is a question I get a lot at Mortgage Architects, especially as interest rates begin to come back down after a couple of years of increases. Timing the Market One of the first things to understand about refinancing is that it’s nearly impossible to perfectly […]
FHA House Hacking: Rules, Limits, and Rental Income Requirements
FHA loan house hacking lets you buy a multi-unit property with up to four units, live in one unit as your primary residence, and rent the others to reduce monthly housing costs. Eligible borrowers may make the minimum down payment of 3.5%, subject to FHA and lender requirements. A lender may use documented rental income […]
Buyer Agent or No Buyer Agent: That’s the Question
If you’re reading this, chances are you’re a buyer who’s out in the market and trying to figure out whether or not you need a buyer’s agent. This decision has become even more crucial after the recent post-NAR (National Association of Realtors) ruling, which may mean that the home you’re purchasing will no longer cover […]
Navigating the Post-NAR Verdict Landscape: Why a Buyer’s Agent is Still Your Best Bet in Real Estate
Wondering how the NAR verdict changes things for you as a buyer or affects your real estate agent? The ruling not only imposes a $418 million settlement on the National Association of Realtors but also demands a shift in commission structures. In this article, we’ll cut straight to the heart of these changes, exploring how […]
REB Podcast: Nathan Jennison on the Benefits of Using an Independent Mortgage Broker
Are you thinking of buying a house or refinancing your mortgage? If yes, then check out the latest episode of the REB Lender’s Table Podcast, hosted by Oyabiyi Ajinaku, also known as Bee, a real estate broker in Chicago. In this episode Bee sat down with Nathan Jennison, a seasoned independent mortgage broker, to discuss […]