Common Documents Needed

Common Documentation Needed Standard Items Needed Income Most Recent 30 Days of Pay Stubs Most Recent 2 Years W2s (all employers) Most Recent 2 Year Tax Returns (all pages) Assets Most Recent 2 Months of Bank Statements (all pages) – If not imported online...
How to Avoid a $30,000 Mistake

How to Avoid a $30,000 Mistake

Just one year of waiting to buy a house could be the mistake that costs you tens of thousands of dollars (see charts below). For example, a homebuyer considering a $250,000 home would lose $7,500 if home prices increase by 3% during that one year time-frame.  They...
Three Things You Should Know About

Three Things You Should Know About

1 – What is it? “Trended credit data” is an analytical tool that helps lenders better evaluate your spending habits. It’s a detailed analysis of the last 24 months of your credit history, including: Month-by-month balances on your credit cards and other debts; and,...
The Opportunity Cost of Paying Cash for Real Estate

The Opportunity Cost of Paying Cash for Real Estate

Over 30% of homebuyers pay cash when they purchase real estate.  However, this may not be the smartest financial strategy.  Here’s why: When you pay cash for a property, you are missing out on the opportunity to earn a rate of return on that cash. In the illustration...
Two Ways to Measure Your Break-Even on Refinancing

Two Ways to Measure Your Break-Even on Refinancing

According to recently released estimates, over 8 million American homeowners could benefit from refinancing at today’s low interest rates.  Here are two questions to ask yourself in order to figure out if refinancing makes sense for you:  1 – Interest & Cost...