Do I Need A Down Payment To Purchase A Home?

Posted on Apr 9, 2018 in Housing, Mortgage

Do I need a down payment to purchase a home?
This is a question we get asked quite often by first-time home buyers and the answer is, NO. Many first time homebuyers may qualify for down payment assistance*.

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Rising Mortgage Rates DO NOT Lead to Decreased Home Prices

Posted on Mar 26, 2018 in Housing, Real Estate, Real Estate Investing, Uncategorized

A lot of people think that rising interest rates will result in lower house prices. What they don’t know is prices are determined by supply and demand.  While rising rates may slow demand, they also affect supply.

“For current homeowners,

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What Is An Escrow Account?

Posted on Mar 22, 2018 in Mortgage

Many people wonder what an escrow account is, so what is it?

What is an escrow account? When you’re buying a new home, you’ll set up an escrow account, which will be the account in which your taxes and insurance are paid annually when they come due.

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History of Mortgage Interest Rates & Why We Shouldn’t Worry

Posted on Mar 19, 2018 in Financing, Mortgage

History of Mortgage Interest Rates & Why We Shouldn’t Worry

As I write this in March 2018, interest rates are rising and may hit the 5 percent* mark this year. This trend is not slowing down and the days of 3 percent mortgage rates,

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Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years

Posted on Mar 15, 2018 in Real Estate, Real Estate Investing

Trulia recently posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years (1975-2016). Their research revealed that:

“Nationally, homes are just about the most affordable they’ve been in the last 40 years… the median household could afford a home 1.5 times more expensive than the median home price.

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Why a Pre-Approval is NOT Enough

Posted on Mar 15, 2018 in Why Physician Home Loans Fail


We advise our clients that prequalifying is just not enough and  recommend they obtain a full credit and income approval prior to falling in love with a home and writing an offer.

So what’s the difference between a preapproval and a credit and income approval?

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