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4 + 8 = 6?

When you have any sort of income that varies, such as overtime, bonuses, commission, self-employment, etc; you need a two year history of that income. This way, when you have a two year history, the...

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If The Windows Don't Open, You Don't Get Your Loan?

I had a file come out of the underwriting department recently, and learned something new…apparently windows need to be operable and open. Sounds silly huh? But operable windows are important due to...

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Paying Off Credit Cards Monthly

There is a new underwriting rule change that is going to be very painful for mortgage borrowers. It has to do with open 30 day charge accounts. The rule says for open 30 day charge accounts that do not...

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Pool Tables, Patio Furniture and Chandeliers Have No Value?

Often times when a buyer and seller are negotiating over the sale of a home, the buyer indicates they would like to have certain personal property from the home. There are times when the seller is OK...

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