by TomVanDusen | Feb 14, 2023 | Cheatsheet
There is much confusion about how to deal with student loans debt in relation of what to hit the bwr in the DTI for monthly payment. Especially in the current market, many student loans are in deferment or may be forgiven in the near future. As a general rule, unless...
by TomVanDusen | Feb 1, 2023 | Cheatsheet
Here is a great reference guide to help realtors and loan officers on the concession guidelines. Concession are contributions from interest parties on the loan who can influence the terms of the sale (realtor, seller, builder). They are referred to as IPCs or Interest...
by TomVanDusen | Jan 30, 2023 | Cheatsheet
There are two waiting periods for each type of derogatory and loan types. The first would be if there are “extenuating Circumstances”. The other is just in general how long to wait. However, typically, most lender will not allow the extenuating rule to apply. There...
