If you have some stream of income and your credit is still intact, we can now take a look at comparing a reverse mortgage against a forward mortgage. While these two product types are not a perfect overlay of each other, one can function as the other if you’re willing to make some concessions on the absolutes of each program.

I debrief ARMs in detail on our website: ARM Debrief. But am compelled to write to you today based on the ludicrous volume of advocacy for the ARM as a workaround to the rate increase of the Fixed Mortgage.

Yes – from $647,200 to $715,000 available immediately and into 2023. There aren’t too many financial topics where inflation is considered a good thing. Taxpayer income brackets, I-Bonds, Social Security indexing, and Cost-of-Living (pay) increases are a few that come to mind.

You’ve just been made a Partner at your firm. Congratulations. Because you can now truly afford it, you opt to purchase a home that was previously out of reach. Except maybe you’re not.

In mortgage underwriting-land, when you alter your pay methodology, you also enter into a new classification of underwriting (there are several).

The 2022 National Conforming Loan Limits (available now at GoldCoast Mortgage) have taken a huge jump forward. The Jumbo Mortgage Limit received a robust expansion of value as well. The conforming loan limit is available nationwide and does not have any limitations per county. 

Bi-Weekly Payment Plan is it a Valuable Financial Tool or Scam? Before I answer that question, it is useful to know how a Bi-Weekly Payment Plan (BWPP) works. The program concept is contained in the difference between “Every-other-week” and “Twice-a-month”. Half payments made every other week add up to 13 full payments (26 payments / […]

A jumbo mortgage doesn’t have a technical “definition”.  It is the “white space” where Agency mortgages stop. If it had a static definition it would never be the same two years in a row. And jumbo’s have multiple variables. 

Pros and Cons of an Adjustable Rate Mortgage (ARM) A mortgage that has a Fixed Rate comes in 10, 15, 20, 25, and 30-year standard terms. Adjustable rate mortgages come in plenty of forms; well over 100 varieties. Many varieties were not designed with the consumer in mind, mostly they are an investment product with […]

Mortgage Bridge Loan Explained A Bridge Loan is a second position mortgage on your outbound (former) primary residence. It is designed to extract equity from the departure residence to be used as a down-payment on the destination (future) primary residence. How do I get a Bridge Loan? In an ideal world you will never need […]