Fed Regulators to Mortgage Lenders: No-Doc, No-Loan

As if common sense wasn’t needed in the mortgage industry, new federal regulations require mortgage lenders to verify that prospective borrowers can meet the repayment terms of their mortgage loans. Under the Dodd-Frank Act, the rules prohibit the “no-doc” loans common during the housing bubble. Before making a loan, lenders must document the borrower’s job […]

A Gift To Veterans: Free Money

On Veterans day we especially like to thank those who have served as well as those currently serving in defense of our country. There are many perks associated with military service such as medical benefits and the GI Bill but the biggest benefit in my opinion is the Housing Allowance provided when coupled with your […]