Finance Skills- Loan Officer, SVP of Operation with"30+ years of mortgage lending, underwriting, with "Personal Financial Analysis."
Mortgage Backed Securities (MBS)-A Clear Explanation- and How They Shape Mortgage Lending, as these securities (MBS) are one of the most important and least understood parts of the U.S. housing finance system. If you have a mortgage, there’s a good chance your loan is part of an MBS right now, even if you’ve never heard … Read more
What are Fannie Mae (FNMA) & Freddie Mac (FHLMC)? This is A Deep Dive — From Someone Who’s Actually Worked Inside the System Before we get into the technical details, let me start with something most articles on this topic can’t offer: I’ve actually worked for Freddie Mac. Yes, this author knows a little bit … Read more
Did you know there is a difference between a HELOC vs. Home Equity Loan? Understanding the Differences and choosing the Best Option is key to getting your equity. If you have built equity in your home, you may be able to borrow against that equity through either a Home Equity Line of Credit (HELOC) or … Read more
Get the full report for Typical Mortgage Fees For Your Loan- A general summary of typical fees- Full Report for: What Closing Fees Are On a Mortgage. Most people focus on the current mortgage interest rates when shopping for a home loan. Interest rates are certainly important, but they do not represent the only significant … Read more
How Mortgage Lenders Evaluate Your Income – is important, and making sure that you give them the full landscape, such as base pay, commission, self-employment, retirement income, bonus income, tip income, alimony, or child support. Lenders must verify that a borrower’s income is stable, consistent, and likely to continue for at least the next two … Read more
How Do I Qualify For A Mortgage Loan- Start by examining your financial status, including credit, income, assets, debts you already have, and what you can afford in housing payments. Buying a home is an exciting milestone, but for many people, the mortgage process can feel overwhelming at first. The good news is that qualifying … Read more
Mortgage closing costs typically range from 2% to 5% of your total loan amount and cover the processing, legal, and administrative services required to finalize your home purchase. These out-of-pocket expenses are paid upfront on closing day, separate from your down payment. How Closing Costs are Typically Broken Down: Below is an updated (June 2026) … Read more
Mortgage Escrow Account- When a mortgage loan closes, the loan servicer establishes an escrow account to collect and hold money for property-related bills that must be paid on time. Most often, those bills include property taxes and homeowners’ insurance, and they may also include flood insurance, mortgage insurance, or other permitted charges depending on the … Read more
How Much House Payment Can I Afford – and it is the first question you should ask yourself…The Ideal Debt-to-Income Ratio is one aspect of the approval… Your housing expense and total debt-to-income ratio are important factors in determining your financial health and are used to determine how much house you can afford. Principal payment, … Read more
What Determines Mortgage Loan Eligibility is a question to ponder when you start the process of investigating what, how, and how much loan you can or cannot afford. Buying a home is a big decision, and one of the most important elements to consider is whether you qualify for a mortgage loan. Lenders use a … Read more