Collection accounts, tax liens and qualifying for a mortgage The economic climate of the past 10 years has left many borrowers facing collection accounts and civil or IRS tax liens, which can affect approval for mortgage financing. Mark Wells at Preferred Financial Services answers questions about handling these issues. Isn’t it best to pay off […]
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Tax filing and loan qualifying for self-employed borrowers This is the ideal time of year for self-employed borrowers to enlist a mortgage broker’s help with tax returns—not as a tax preparer, but because a broker can suggest income strategies that will make obtaining a mortgage easier if they wish to purchase or refinance in the […]
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Loan limits to increase for conventional, FHA, and VA mortgages Like an early Christmas present, Fannie Mae, Freddie Mac, FHA, and VA have all announced increased mortgage limits for South Carolina and the rest of the country. The increase will go into effect for all VA and conventional loans closed after January 1 and for […]
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Supporting home ownership for the next generation – Part 2 Mark Wells at Preferred Financial Services continues the discussion on how parents and grandparents can help the next generation become homeowners. Sometimes it seems like my children are not that interested in owning a home. What should I tell them that might encourage them to take […]
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Supporting home ownership for the next generation Last week, Mark Wells of Preferred Financial Services discussed ways to assist new home buyers through financial gifts. Today’s column addresses other means of preparing them for home-ownership. This equally important, non-financial assistance can make all the difference in the next generation being able to purchase a home. […]
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