Investor Debt-to-Income (DTI) Math Primer
The infamous “debt to income” ratio math is more generous when buying/refinancing non-owner-occupied real estate than owner occupied. If we assume a property with gross rents at $3500/mo and a PITI of $2000, the pure investment property math would have us multiple...
Minimum Property Standards For Fannie Mae & Freddie Mac Loans
We often get questions about just how beat up is too beat up to get a normal Fannie Mae / Freddie type loan on a property, and thus avoid hard money. The general rule of thumb is that the property must be a complete and functional house and absent any flagrant health...
Ultimate Dictionary of Real Estate & Mortgage Terms
We’ve created this glossary of common real estate and mortgage terms to help you become well versed with the terminology you’ll encounter during your loan origination process. Scroll down to view the glossary or select the first letter of the word from the...
What is Private Mortgage Insurance (PMI)?
Private mortgage insurance, or “PMI,” gets a bad reputation. However it’s often undeserved! PMI is much more cost effective now than in years past due to rate competition between PMI providers. While some banks and direct lenders are captive to only...
Chris Mason, Loan Officer
