Lenders review and document RSU income by requiring documentation such as W-2s, tax returns, and pay stubs that reflect the RSU income and balance for the past two years. They may also request a vesting schedule and the terms and conditions of the restricted stock agreement.

Understanding Restricted Stock Units (RSUs) for Home Loans: What You Need to Know

Borrower Education /

When it comes to qualifying for a mortgage, many homeowners are surprised by the complexities of using their Restricted Stock Unit (RSU) income. While RSUs can be a valuable component of a compensation package, especially in tech or public companies, their use in qualifying for a home loan can present some unique challenges. In this […]

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Navigating the New Landscape: What the Recent NAR Settlement Means for Homebuyers and Sellers

Borrower Education, Home Buyers, Uncategorized /

The real estate market is undergoing a significant transformation due to a recent settlement involving the National Association of Realtors (NAR). If you’re a homebuyer, seller, or even a real estate professional, understanding these changes is crucial for navigating the complexities of property transactions in this new environment. Here are the key elements of the

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Mortgage Rate Lock-in syndrome

Understanding the Impact of Mortgage Rate Lock-In on Home Sales

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Have you ever wondered why so many homes seem to be staying off the market lately? It’s not just a coincidence; there’s a significant factor at play called mortgage rate lock-in. Let me walk you through what this means and why it’s so important in today’s housing market. What is Mortgage Rate Lock-In? Imagine you’re

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Reverse mortgage options

Leveraging Home Equity in Retirement: The Advantage of HECMs Over HELOCs

Uncategorized, Borrower Education, Home Buyers /

For seniors aged 62 and over, managing cash flow in retirement can be challenging. While Home Equity Lines of Credit (HELOCs) are a well-known method for leveraging home equity, they may not be the best choice for older homeowners due to their variable payment schedules and potential for payment spikes. Instead, reverse mortgages, especially the Home Equity Conversion Mortgage (HECM), offer a more suitable alternative.

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Imagine Become a 1st Time Homebuyer and Investor in One Swoop

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Imagine owning a multi-family home, living in one unit, and having the other units pay your mortgage. Sounds like a distant dream, right? Not anymore! Here’s a game-changer: Fannie Mae has just made it incredibly easier for you. Previously, buying a multi-unit home required a hefty 15%-25% down payment. But now, hold onto your hats,

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ESTATE PLANNING: 7 Reasons to Put Your Home in a Trust

Borrower Education, Home Buyers /

Considering placing your home in a trust but unsure of the benefits? Discover the top reasons why a trust might be a wise choice for your estate planning. From avoiding the hassle of probate to ensuring privacy and protection against creditors, learn how a trust can offer peace of mind and potentially reduce estate taxes. Dive into our latest blog post for insightful details that could have a significant impact on your family’s future.

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