Ariana Leroux Mortgage Blog

More and more mortgage lenders are optioning to put in the changes being asked for in regards mortgage qualification rules. Now this is not new news, just that more and more of the lenders are picking up these new ways to qualify your mortgage approval or pre approval. Lots of people are confused over some of these changes, so I am going to try to put it into black and white type. It does however make it more paramount to have a mortgage agent on your side, and not an order taker to make sure you have the best mortgage product and rate that works for your individual or family needs. Someone that knows what is going on in the industry on a regular basis, and knows who does or does not do what. Remember in one of my other posts, when I mentioned, "Jack of all Trades - Master of Nothing" The things that have changed (and are being put into practice with more and more lenders) are as follows: 1) Unsecured debt is being qualified with a 3% payment based on the balance...

Ok, so yes it is Monday, unfailingly it is the first day of the work week, every week. As a co worker of mine stated, it gets a bad rap being that it is the first day back to work for most of us. Being a mortgage agent however, I work the dreaded 24/7 - so Monday is just another day, except when school is in, I get to look forward to some quiet work time... so Mondays for me are not that bad really. I have learned to "shake it off".. Monday could be the first day closer to Friday, which no matter if you work 24/7 or not, is still the best day... we have been programed to think this. How about this thought; do you think your dog cares what day it is? ... Nope. Live each day to its fullest .. that is what they do. It is a page from my four legged friends book, that I will take advice from today. Hope you do to. Now onto some interesting news that I know is out there already in regards to rate hikes. Yes they happened, yes they went up,  a lot more than we have seen in the ...