Here at the RED Team, we advise our Buyers what to do as well as what NOT to do when applying for a Real Estate loan. Together with Taylor Ortiz, Sr. Loan Officer at Fairway Mortgage, we have compiled a “what not to do” list during the beginning stages of applying for a loan through the closing…

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Weekly Mortgage Memo Today’s Topic: Rental Income   Sometimes our clients want to rent their primary residence and buy a new home.  They generally assume they can count the rental income to offset their mortgage payment.  That was the case prior to 2008 but since then it’s gotten much tougher.  If they can’t count the…

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Today’s Topic: Rural Development   There is a lot of love in Washington for rural activities so it’s no wonder that the US Department of Agriculture has a home loan program.  These loans are only available in certain locations.  Attached is a map with a snapshot of the metro.  A quick rule of thumb is…

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