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ARTICLE
A guide for first-time homebuyers
By Neil Pierson, Ask a Lender, August 31, 2018

The home-purchase process can be overwhelming, especially if you’re a first-time homebuyer. Before you jump in, understand the dynamics of today’s housing market, what to expect from a mortgage lender and how to comparison shop.


ARTICLE
Advice for prospective millennial homebuyers
By Neil Pierson, Ask a Lender, August 27, 2018

There are many factors influencing today’s homeownership rate among millennials. Whether you’re burdened with student debt or worried about affording a home down payment, here’s a guide to completing a home purchase, including some helpful loan programs.


ARTICLE
The hidden cost of VA loans
By Steven Wyble, Ask a Lender, August 17, 2018

VA home loans are one of the best deals in the mortgage industry. But are they too good to be true? Before taking out a VA loan, be aware of the hidden costs so you can make the best decision and get into your dream home.


ARTICLE
What to know about non-qualified mortgages
By Neil Pierson, Ask a Lender, August 16, 2018

Non-qualified mortgages, or non-QMs, have been in place since 2014. They were created in response to the financial crisis of 2007-2009, which occurred in part due to a large number of subprime mortgages that defaulted.


ARTICLE
Understanding the basics of a subprime mortgage
By Neil Pierson, Ask a Lender, August 9, 2018 | Updated August 9, 2018

What is a subprime mortgage? A subprime loan involves a borrower with a poor or low credit score. The definition of subprime varies: VantageScore defines a subprime credit score as anything below 601, while Fannie Mae and Freddie Mac define credit ratings below 620 as subprime.


ARTICLE
What is a good debt-to-income ratio when buying a home?
By Neil Pierson, Ask a Lender, August 9, 2018 | Updated August 10, 2018

Understanding DTI is essential. Simply put, your debt-to-income ratio is calculated by combining all of your monthly debts and dividing that amount by your gross monthly income.


ARTICLE
5 mistakes to avoid as a first-time homebuyer
By Neil Pierson, Ask a Lender, July 17, 2018

There are many key steps to a home purchase where mistakes can be made. First-time homebuyers, in particular, need to build credit, set a budget, and choose a good real estate agent and mortgage lender early.


ARTICLE
How to get an FHA loan after bankruptcy, foreclosure or short sale
By Steven Wyble, Ask a Lender, June 28, 2018

It is possible to get an FHA loan after bankruptcy, foreclosure or a short sale, but you might have to wait a while. Find out how long to wait, alternative loans to pursue and how to rebuild your credit score in the meantime.


BLOG POST
23 Tips & Tools to Boost, Grow & Manage Your Business
By Lathea Morris, June 24, 2018

Tips for Growing & Managing Your Business


BLOG POST
Boom! Be careful of exploding credit!
By Corey Vandenberg, June 11, 2018   |  Updated: July 3, 2018

It’s best to avoid an explosion of credit. For advice on your situation, look me up.