Your Second Chance For a Mortgage After a Foreclosure

Justin Scott - Loan Officer 878581

Foreclosure can be one of the most traumatic experiences of someone’s life, regardless of the reason it has a serious consequence on your credit.  Most people think that their life as a homeowner is over at this point, but the truth is quite the opposite.  They’re actually reducing the time it takes to get into… [Read More]

Life After Bankruptcy

Justin Scott - Loan Officer 878581

THERE IS LIFE AFTER BANKRUPTCY Part of the anxiety for anyone filing bankruptcy is the concern about his or her financial future post-bankruptcy. However, by taking proper and pro-active steps you can put yourself on the road to financial recovery and an ever-improving credit score. A Chapter 7 or Chapter 13 bankruptcy filing is not… [Read More]

What Is a True Mortgage Broker?

Justin Scott - Loan Officer 878581

Unless you live under a rock (like I do), you’ve probably heard the term “Mortgage Broker” get thrown around on more than one occasion. You may have heard good things, and you may have heard bad things… Opinions aside, a mortgage broker is essentially a middleman between the borrower/homeowner and the bank or mortgage lender…. [Read More]

What To Expect In Underwriting

Justin Scott - Loan Officer 878581

So now you’ve found a home, the search is over.  The anxiety, fear, anticipation and frustration have all come to an end.  Right?  Actually it’s just beginning.  There are a world of new feelings associated with buying a house and I want you to know that’s completely normal.   I’ve included this brief video for… [Read More]

Here Are The Documents You Need For A Mortgage Pre-Approval

Justin Scott - Loan Officer 878581

When qualifying for a mortgage it is expected that certain documentation representing your financial life will be expected.  So here is a list of some ordinary (and not so ordinary) things you may be required to provide (any why)   Standard Mortgage Documentation: 1. Tax returns (most recent 2 years, all pages) Mortgage lenders want… [Read More]

Qualifying For An Investment Purchase Using Rental Income

Justin Scott - Loan Officer 878581

Here are some general lending rules for rental properties. Projected rents may be used by most lenders to offset against the mortgage payment at up to 75% of projected fair market rents determined with an appraisal when buying a property. If you owned a rental property for the last 12 months, the lender will average… [Read More]

What Is Mortgage Insurance (and why do I need it?)

Justin Scott - Loan Officer 878581

What is Private Mortgage Insurance? Private Mortgage insurance, or PMI, is insurance built into your monthly payment that protects the lender against the risk of default.  Default is when you do not pay your monthly payment.  It may seem like a scam, but it’s a necessary entity to allow buyers to purchase homes with little… [Read More]

A Few Benefits You May Not Realize When Using a Real Estate Agent

Justin Scott - Loan Officer 878581

Top 10 Reasons To Use A Real Estate Agent: 1  Education & Experience You don’t need to know everything about buying and selling real estate if you hire a real estate professional who does. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than… [Read More]

Neighborworks Green Bay Program Guidelines

Justin Scott - Loan Officer 878581

2018 Program Guidelines NeighborWorks Green Bay has a number of programs that can help provide down payment and closing cost assistance. There are assistance programs available in most of Brown County, and even the entire state of Wisconsin! All of these programs are in the form of loans that are at 0% interest, with no… [Read More]