Real Estate Agent Resources
Residential Mortgage Finance, Made Simple
Latest Articles
Assumable VA Mortgage – Pros and Cons
Discover the pros and cons of VA assumable mortgages, learn how they work and expert tips to navigate the process with confidence.
Understanding The Unique Hawaii Closing Timelines
In the State of Hawaii, there is some confusion surrounding the “closing date” for real estate purchase transactions. The actual closing date occurs when the transaction officially records with the State of Hawaii Bureau of Conveyances, 2 business days after all mortgage proceeds (if applicable) and home buyer closing funds are deposited and cleared with the escrow company handling the transaction.
The Important Difference Between Pre-Qualification and Pre-Approval.
Many professionals in the real estate industry use the terms, “pre-qualification” and “pre-approval” interchangeably but there is an important difference between the two.
2023 VA Financing Tips for Hawaii Real Estate Agents
Hawaii boasts a large population of Veterans eligible for VA financing. Understand some of the unique characteristics of this popular loan program.
Why Do Many Real Estate Agents Rely Entirely on Lenders for Financing Calculations?
In recent years, mortgage lenders taken much of the responsibility for handling financial calculations for Realtors and their clients. It is now more important than ever that Realtors take back some of this control.
How Lenders Calculate Realtor Income & Advantages of Investment Property
Most Real Estate Agents, unless they run their own brokerage, will file a Schedule C on their Federal Tax Return as a sole proprietor business owner/1099 independent contractor. Therefore, their qualifying income is not calculated the same way as salaried/hourly
Mortgage Financing Basics – Part I
This article lays the foundation for the remaining Mortgage Financing Basics articles by explaining the basics of the debt-to-income ratio and calculating the maximum housing payment for your buyers.
Mortgage Financing Basics – Part II
In part II, we’ll demonstrate how lenders pre-qualify your home buyers and how you can determine your buyer’s maximum purchase price depending on their down payment and loan type.
Mortgage Financing Basics – Part III
In part III, we estimate maximum buyer purchase price with Private Mortgage Insurance (PMI) included and determine how it affects your buyer’s max qualification.