There’s been a lot of rhetoric coming from both sides of the congressional aisles these days; from Democratic and Republican parties and even a few in between. But recently the media has begun reporting government shutdown fallacies as facts. I’ve …

FAQ – How Will a Government Shut-down Delay My Mortgage Loan Application? Read more »

A lot of clients want to know why they should get pre-qualified for a mortgage?  It’s a good question!  Hi, my name is Jenny Miller with AES Lending. Let’s look at pre-qualification another way.

What Is an FHA 203k Loan? This loan can help you buy and repair a fixer-upper or what is sometimes called a Handyman special FHA 203k loans are loans that are insured  by the Federal Housing Administration The federal government …

FAQ – What is an FHA 203(k) loan good for? Read more »

Private Mortgage Insurers leading the way in housing recovery   One of the earliest indicators of the housing meltdown which began in 2007 was that issuers of Private Mortgage Insurance (PMI) began to contract their underwriting guidelines for issuing PMI …

Private Mortgage Insurance helps lead the way in the Housing Recovery Read more »

Market Commentary – Tue, Feb 14 – 10:46 AM ET The Commerce Department reported this morning that consumers spent a little less than expected in January but any gains were welcome. Retail Sales rose by 0.4% last month, below the 0.8% …

Market Commentary Feb 14 – 2012 Read more »

What Private Mortgage Insurance and why do I have it? Years ago when your grand parents bought a home they saved each extra penny they could until they had enough for a down payment that was equal to at least 20% of the …

What is Private Mortgage Insurance? Read more »

Because of the plethora of natural disasters across the country it occurred to me that there may be a lot of Buyers and Sellers whose purchase or sale or mortgage refinance has been delayed for reasons they simply do not understand. This post is intended to be an …

FEMA Declared Disaster Area – Loan Application in Process Read more »

FHA – Requires terms of withdrawal on all 401K funds that are provided even if the funds are not being used or withdrawn at closing. Generally these terms are available for download from an HR Web Portal.  Persons employed by …

Underwriting Tip – Verification of 401(k) funds Read more »

FHA Underwriting Tip; FHA allows a borrower to meet the minimum statutory investment by using gift funds from either a close family member, government agency or approved non profit. FHA requires that all gift letters include the section 1010 verbiage below – …

FAQ – What is the FHA Gift Funds Section 1010 Verbiage Read more »