How Do I Calculate Debt-to-Income Ratios (DTI) | What is DTI?
OK, so what exactly is DTI, your debt-to-income ratio, and how do you calculate debt-to-income ratios? 🤔 Debt-to-income ratios can be a big factor in the home loan process when buying a home or obtaining a mortgage, so in this video Kelly will answer your question about DTI and teach you how a mortgage lender calculates DTI (Debt-To-Income).
My Appraisal Came in Low - Now What? | Home Appraisal Tips 2021
Home Appraisals are a HOT topic in this highly-competitive market. You make an offer on a house, then the appraisal comes in lower than your offer... 😫 what do you do now? Kelly shares 4 options on what to do if your appraisal comes in below the purchase price.
How Do I Apply For An FHA Loan? | FHA Loan Applications Explained 2021
If you are in the market to purchase a home, refinance a home, OR a first-time homebuyer, you may have heard about FHA loans, but wondered what they were and how to apply for one? Kelly Zitlow goes over in detail What FHA loans are, the how-to when applying for purchase, refinance, or for first-time homebuyers in 2021.
Biden's New Tax Credits | $15,000 For First Time Home Buyers | Home Loans
Get the scoop on Biden's New Tax Credits, including Biden's $15,000 Tax Credit for First Time Home Buyers, home loans tax info, and more from Mortgage Lender Kelly Zitlow and CPA Michelle Boncel with AMB Consulting!
Pay Cash For a Home Now - Refinance Right After | Delayed Financing
In this HIGHLY competitive real estate market, you need a strategy to win the offer! Kelly will help you learn in detail information about how you can pay cash NOW and then refinance LATER (right after) with Delayed Financing!
What is a VA Loan? | VA Home Loans Explained 2021
Are you a military vet or active duty serviceman, or servicewoman interested in buying your home using a VA loan? Are you lost on knowing what the VA loan requirements are? CHL Mortgage Lender Kelly Zitlow goes over in detail VA loans and the VA loan requirements as of 2021.
What You Need to Know About Mortgage Refinancing | Mortgage Advice
Are you are thinking about doing home improvements? Do you have credit card debt? Are you currently paying mortgage insurance? Kelly shares what you need to know about refinancing as well as some of the various ways a refinance could benefit you beyond a lower interest rate.
How Do I Apply for A VA Home Loan?
How Do I Apply for A VA Home Loan? Are you a first-time homebuyer interested in buying your home using a VA loan? Are you not sure what are the VA loan requirements? In this video, Cornerstone Home Lending's Kelly Zitlow discusses VA loans and the VA loan requirements 2021.
Mortgage Home Loan Denied? | Learn The Strategy That Helped Our Client
Another lender initially denied our client's loan! Kelly shares WHY the big bank declined her clients' home loan and how this simple strategy helped us save the deal. It's more important than ever to have an experienced home lending team on your side.
The Truth About Marijuana & Mortgages
There's a lot of misconceptions out there about the marijuana industry and the mortgage loan industry. Kelly addresses the truth about whether or not income from the cannabis industry can be used to qualify for a home loan or mortgage.
Appraisal Waiver Misconceptions | Appraisal Waivers Explained
There are a couple of misconceptions when it comes to Appraisal Waivers and there is also more than one type of appraisal waiver. If you are buying a house in this competitive market, you need to know this!!
Self Employed Mortgages | Home Loans In 2021
The world has changed, and so have the requirements for self-employed borrowers. If you or someone you know is self-employed and looking to get a home loan or mortgage in 2021, this content is for you!
What is a Power of Attorney for Real Estate? | Why do you need it?
If you are traveling out of town or unable to sign docs in person, you may find a Power of Attorney very helpful.
What is a Loan Underwriter | What does an Underwriter do?
You may have heard a lender refer to an "underwriter" or say that your #homeloan is "in underwriting." What the heck does that mean?? Watch my video for important tips on what is a loan underwriter and what does an underwriter do!
401K Loan for Down Payment or Closing Costs
Are you planning to use a 401K for your Down Payment or Closing Costs on your home loan? If yes, there's a few things you should know!!! Watch my video for the important scoop and how using a 401K disbursement or loan affects the mortgage process.
My Take on the Current Market | October 2020
A lot has happened in our world this year and it has had an effect on our real estate market in ways we didn't expect. Now more than ever it's important to be mindful of who we are listening to when it comes local real estate trends. Watch my video for my take on the current status of home lending and who to listen to when it comes to your real estate questions.
Relocating to Arizona? What you should know!
With everything that is happening in our world today, we are finding A LOT of people moving to Arizona! Some companies are allowing their team to work remote and others are moving here for a new job. If you are moving to Arizona and plan to obtain a home loan, there are two IMPORTANT things you need to know regarding employment and the home loan process. Watch this video, so that you will be prepared!
FHA vs Conventional | What's the Difference?
You may be wondering what is the difference between an FHA home loan and a Conventional home loan? Watch my latest appearance on the American Dream to find out...FHA vs Conventional!
Interest Rate Doesn't Matter If...
Don't get me wrong, we all love low interest rates and since the Federal Reserve got involved a few months ago, interest rates are incredible. However, it may surprise you to hear low interest rates and terms may not be the most important thing these days if you’re buying a home. Watch my video for my take on what is the most important thing (especially in a limited inventory real estate market)!
Income Verification Changes Due to COVID
These are unprecedented times we are living in and as such, there have been a number of changes to the loan process. One of the big changes is what is now required for lenders to verify income. This can impact the loan process and timing.
How Much House Can You Afford?
There are two different variables you should consider to determine what you can afford when it comes to a monthly #houseloan payment. Watch this video for the home loan tips to get you on the path to successful #homeownership.
Misconceptions of Home Loans Today
There's a lot of misconceptions of the home loan process right now in light of our current situation. Check-out this video where I am breaking down the top 5 misconceptions I am hearing and giving you the straight scoop.
Home Loans for Self-Employed Loans During COVID-19
If you are a self-employed and interested in getting a home loan during or following COVID-19, there are a few things you should know. Watch for the important details regarding changes to #homeloans for #self-employed borrowers during or after #COVID-19.
FHFA Says Borrowers In Forbearance Can Purchase or Refi
BREAKING NEWS!!! The Federal Housing Finance Agency (FHFA) has given MUCH needed guidance about qualifying for a home loan (Fannie Mae and Freddie Mac conventional) during/after forbearance. You may be hearing borrowers have to wait 3 months but watch my video for the strait scoop!
Income & Home Loans during COVID-19
There's good news and bad news when it comes to usable income and the home loan process during COVID-19. If you have had income changes during the pandemic and you are interested in purchasing or refinancing a house it could affect your ability to qualify, but there is light at the end of the tunnel! Watch my video for the straight scoop when it comes to #income and #homeloans during #COVID-19.
Credit During COVID-19: Three Things You Need to Know!
When it comes to #credit during COVID-19, there are three important things most people don't know! Watch my video to learn about minimum #creditscores on loan programs, #forbearance on credit reports AND how the PPP loan is affecting credit. Be sure to SHARE this with a friend who needs the straight scoop on what is happening with credit during COVID-19!
Should I Pay My Mortgage Payment During COVID-19?
There's a lot of questions and confusion out there about forbearance. Should you pay your mortgage payment right now during COVID-19? Watch my video for the latest forbearance update and the two things I know.
Can I get a Home Loan During COVID-19?
I got a call from a client yesterday saying she heard in the media that lenders weren't doing loans right now. So I thought it might be good to share the straight scoop on what's happening. WATCH to learn more about the "credit box" and what it means to mortgages!
Forbearance Is Not Forgiveness
There's a lot of information out in the media and internet regarding forbearance. WATCH for the important details you need to know about what it is and what it isn't.
COVID-19: Changes to Home Loans
There's a lot of information out there as to how COVID-19 is having an impact on our home loan process right now. Watch my Video for an overview on some of the current home loan changes and don't forget this is a very fluid situation, things are constantly changing!
My take on these Historic Times!
No doubt these are historic times we are living in! Watch my video to get my take on what's happening in our country and home lending right now. This I know for sure, we will come back better and stronger than ever!
Does the Fed Lowering Rates Impact Mortgages?
We’ve all heard the news, the Fed drops rates to near 0%!!! WATCH this important video on how the Fed rate cuts and emergency meeting yesterday impacts home loan rates. I’ve also included a quick update should you currently have a loan in process with us or are thinking about buying or refinancing in the near future. We are here and on standby to help guide you through these historic times!
What you should know about Home Warranty Companies!
I get a lot of questions about home warranties such as: What happens when a home warranty expires? Can I renew it? Can I renew it with a different company? Are they worth the cost? These are all great questions!!! Since I’m not in the Home Warranty business, I asked Krisha Payne with SUPER Home Warranty to come by to answer these questions. That conversation lead to some surprising truths about home warranty companies and how they differ. WATCH MY INTERVIEW to get the scoop!
What are the Different Types of Mortgage Lenders?
There are 4 different types of #mortgagelenders -- do you know the differences? If you are going to #purchase or #refinance a home you may be interested to learn the differences in mortgage lending platforms. Watch my video where I break down the 4 different types of lenders as well as the differences between them.
What are the Top 4 Mortgage Questions???
As a #mortgagelender for over 24 years, I've received more than my fair share of questions. Today I am sharing the TOP 4 #mortgage questions I've been asked over the years and the answers may surprise you!
How to Choose a Mortgage Lender
If you are looking to get a #homeloan the internet can be overwhelming source of information! WATCH this video for guidance on how to choose a Lender for your #mortgage.
What is the Difference Between Interest Rate & APR?
If you're interested in #buyingahome, you may be wondering what the difference is between #InterestRate & #APR (Annual Percentage Rate). The answer can somewhat confusing so watch my video where I breakdown the main differences between Interest Rate vs APR (Annual Percentage Rate) as well as why you need to know!
Private Mortgage Insurance (PMI) What is it and why do you need it?
PMI gets a bad wrap! Most people don't want mortgage insurance but do you know why you need it? Watch my video for the scoop! What is private mortgage insurance and why do you need it?
How does the Fed Funds Rate Impact Mortgage Rates?
Whenever the Federal Reserve drops the fed funds rate it gets a lot of buzz in the media! However, there's a misconception out there regarding how the federal funds rate actually impacts mortgage rates. Watch my video where I am setting the record straight on how it works and what impact the fed funds rate actually has on home financing rates.
Need to eliminate Student Loan Debt??
Are student loans bogging you down? Did you know there's a program to help you get relief from student loans if you own a home and have equity in it?
How to Increase (or decrease) Your Credit Score!
When it comes to credit scores, it really is a game. Check-out this video where I share one of the major things that can drop your credit score -- or boost it up...if you play the game right!!
Is being an Authorized User on a Credit Card Good or Bad?
Authorized User Accounts are something that tend to sneak up on us because many people forget all about them. I see authorized user accounts on credit reports all the time and for the home loan process it could be a deal killer! Watch my video above for the the info you need to know on when Authorized Users Accounts are a good and when they are a bad thing. If you are in the process of buying or refinancing a home...you need to know this!!
How Divorce Impacts Loans featuring Randi Burggraff
Divorce isn’t something we like to talk about but unfortunately is a reality for many. Watch my interview with Attorney Randi Burggraff for the important information you need to know about how divorce impacts home loans.
How Divorce Impacts Home Loans (Mortgages)
There are 3 important things you need to know if you are getting a divorce and have a home loan. In this video, I will cover refinancing, quit claiming off a deed and child support/alimony.
Removing Mortgage Insurance
The ability to remove mortgage insurance will largely depend on your home loan type. Watch my video for important details you need to know regarding removing mortgage insurance.
What Does it Mean to be on the Deed of Trust?
Being on the Deed of Trust is more than just signing a paper. If two people are buying a home together and one of them is NOT going to be on the loan, there are factors to consider when it comes to who will be on the Deed of Trust.
Tapping into Your Home Equity
This time of year I always get calls about how one can tap into the equity of their home for things like debt consolidation, renovations, etc.
10 Easy Steps to Getting a Mortgage
The home loan process doesn't have to be difficult. Watch my video where I break down the 10 easy steps to obtaining a mortgage loan.
Impact of Co-Signing for Student Loans
Now that school is in full swing, it got me thinking about Student Loans and the impact that co-signing for a Student Loan can have on the home loan process.
VA Home Loans -- What you should know!
I have been helping Veterans and Veterans families with VA Mortgages for over 22 years.
New Law Affecting Freezing Credit
Watch my video above for the details on a new law that has made freezing your credit easier and FREE!
How to Get the Best Mortgage Rate
As a lender for over 20 years, I can't tell you how many times I have been asked "What's your best mortgage rate?"
Ways a Reverse Mortgage Can Benefit You!
Many people don't even realize the many ways you can use a reverse mortgage.
Why Prequalify For A Mortgage?
Learn why prequalification is a very important part of the process when obtaining a home mortgage.
Parent Owner Occupied Primary Residence Purchase
Learn more about this loan that will allow you to purchase a home as a primary residence for your parent.
What is a Dual Market in Real Estate?
Learn what it means to be in a Dual Market and how you can benefit from a Dual Market.
How to Increase Credit Scores
Watch for my top 3 credit tips on how to increase your credit score in preparation for the home loan process.
Buying or Selling a House with Solar
Learn what you need to know about buying or selling a home with solar.
What's the difference between an FHA & Conventional Mortgage?
Get a breakdown of the differences between an FHA Mortgage and a Conventional Mortgage.
Delayed Financing for Cash Buyers!
We've got a great program for Cash Buyers interested in delayed financing.
Should I use an Online Lender?
When it comes to online lending and home loans there's a big difference that could cost you.
Why do Credit Scores Vary?
Watch for a breakdown on credit scoring and what credit score a lender uses.
What Most People Don't Know About VA Home Loans!
There are a few misconceptions that prevent people from taking full advantage of the VA Home Loan program.
Home Equity Line of Credit Payment Increasing?
A past client with a Home Equity Line of Credit (HELOC) reached out to me, concerned over a notification that their payments would be increasing and it was increasing by A LOT!
How to Establish Credit
Learn more about establishing credit and how to build a credit score.
Home Renovation Programs!
If you or someone you know is considering renovating your home or buying a home in need of improvements, these are the programs you need to know about!
Wire Fraud on the Rise!!
Understand how to protect transactions during the home buying process!
Credit is Like a Picture
Learn how credit is like a picture and what that means to you!
Can Home Loan Funds be Gifted from a Family Member or Friend?
Learn what happens when we get the gift letter from a client.
How to Choose a Mortgage Lender
Learn how I helped Joe understand how to choose a mortgage lender when buying a home.
What's the difference between Condo vs Townhouse?
Watch for all the details on what makes a condo a condo as well as the differences between condos and townhomes!
What is an Escrow Account?
It's important to know what a property tax and homeowner's insurance property tax escrow account is and how it works.
What is Mortgage Insurance?!
Buyers will ask me, "What is Mortgage Insurance? Why do I need it? How does it benefit me?"
What Makes up a Credit Score
There is a lot of confusion out there as to what goes into a credit score.
Which Home Loan Program is Best?!
VA, USDA, FHA, Conventional Home Loans — which home loan program is the best?
How to Improve Your Credit Score
Watch for my number one tip on improving your credit score!
Buying a Home After a Bankruptcy, Short Sale or Foreclosure
I am often asked if it is possible to buy a home again after a Foreclosure, Short Sale or Bankruptcy.
Dos & Don'ts of the Home Lending Process!
Follow these guidelines for a smooth lending process and to help ensure that your home loan will close on time.
Making confident mortgage decisions with Mortgage Coach
Here at the Kelly Zitlow Group, we provide our homebuyers with clear, easy-to-use cost analysis through the Mortgage Coach app.