What does the Fed announcement mean for you? Interest Rates: The question on everyone’s mind for quite some time was “when is the Federal Reserve going to raise interest rates?” We’ve been asking that question for about 6 ½ years. As it turns out and I’m happy to report, our
Keep those scores up! You’ll need it for the Doctor Loan Program Whether you are looking at a physician loan or another type of program your credit score is going to determine what your options are. Let’s specifically address physician loans. Since the benefit of this program is having the
Get Ready: It’s time to collect your loan documents. Let’s chat about “documentation” requirements. Providing documentation is going to be necessary when obtaining any type of a mortgage loan. You will be given an initial list of items needed, however if you can wrap your head around the idea that
Another post about Credit Scores Doctor Loan Programs usually require good to very good credit. Here are #4 habits to Improve your Credit Score The average credit score in the US is around 692 points. There are many people with bad credit, whose scores can go as low as 350
Mortgage Rates, the Fed and the 10 Yr Treasury There is a lot of news lately about the Fed raising rates, but what does that mean exactly? Are they raising mortgage rates?? Investment rates??? I’ll do my best to keep this brief and not too technical and this is how
Match Day is Closer Than You Think March of 2016 may seem far away, but before we know it another Match Day will be upon us. Finding a home in your new community will be just one of many tasks that will follow being matched. There’s one thing you can
Your Credit Score and the Doctor Loan Doctor loans are great for several reasons. In many situations they can remove the need for a down payment, they don’t require mortgage insurance, and yet they still offer great rates on both fixed and adjustable rate mortgages. There are key pieces of
What if I wait until next year to buy? First-time homebuyers are flocking to the housing market in greater numbers than any time in the last few years. Renters who are ready and willing to buy are now realizing that they are also able to as well. Many first-time buyers
Med School Loans and how they impact your ability to buy a home. Your school debt plays a factor when considering your mortgage options: You’ve been in school in some shape or form for the better part of the last 20 years, and unless your one of the fortunate few,
Avoid Pitfalls of Meeting Down Payment Requirements Though many Doctor Loan programs allow for a small down payment, the guidelines concerning where the funds are derived from, can be complicated. If the lender requires 5% of the purchase price be from your own funds, one must be well prepared. If
