Fun Thanksgiving Facts...

Good Morning!

I hope you had a good weekend, and will have a great Thanksgiving week!

Since it's Thanksgiving - I thought I would give you some fun facts acout Thanksgiving...

- The first Thanksgiving was celebrated in 1621 over a three day harvest festival. It included 50 Pilgrims, 90 Wampanoag Indians, and lasted three days. It is believed by historians that only five women were present.

- Turkey wasn’t on the menu at the first Thanksgiving. Venison, duck, goose, oysters, lobster, eel, and fish were likely served, alongside pumpkins and cranberries (but not pumpkin pie or cranberry sauce!).

- Abraham Lincoln proclaimed Thanksgiving a national holiday on October 3, 1863. Sarah Joseph Hale, the woman who wrote “Mary Had A Little Lamb,” convinced Lincoln to make Thanksgiving a national holiday after writing letters for 17 years.

- The average number of calories consumed on Thanksgiving is 4,500.

- The tradition of football on Thanksgiving began in 1876 with a game between Yale and Princeton. The first NFL games were played on Thanksgiving in 1920.

That's it for today!

Thanks for reading!

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Productivity Tip For You...

Good Morning!

I wanted to give you a productivity tip today.

It’s an add on to Gmail that I use alot.  

It’s called Boomerang.  You can lean about it here…  https://www.boomeranggmail.com/

If you get an email that requires some form of action on your part – but you don’t have time to do it now, you can Boomerang it.

You tell Boomerang to put this email at the top of your inbox in an hour, two hours, tomorrow morning, in a week, in a month, etc.  …anytime you want.

It’s cool.  That way you don’t clog your task list up with a bunch of stuff that will just get buried.

It’s a great way to follow up with people in the future also.

That’s it for today!

Thanks for reading!

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How To Get A Loan When You Have Filed A Tax Extension...

Good Morning!

What do you do if you are in the process of applying for a loan and you have filed an extension on your taxes?

(assuming your loan officer is asking for tax returns for  underwriting)

Your loan officer asks you for your most recent tax return, but you can’t give it to him or her because you filed an extension.

Easy! …You give your loan officer the extension you filed, plus your previous two years tax returns.

Now, if your extension shows you owe money to the IRS the underwriter may ask you to show proof you paid this money. Keep this in mind.

That’s it for today!

I hope you have a great day! Thanks for reading!

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Mortgage Rate Update...

Good Morning!

Mortgage rates have been rising.  October was bad, and November hasn't been great so far.

So, if you were considering refinancing - I would act now.

The Fed Chair Powell is set to give testimony today - so depending on what he says it could impact the market further.

We'll keep an eye out for you!

Appreciate you!

Thanks for reading.

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FHA Gift Giving Rules...

Good Morning!

FHA gift questions come up often.  This is where the buyer would get a gift to help in purchasing a home.

I wanted to give you the rules on FHA gift giving. Here ya go…

Acceptable gift donors for FHA loans…

1) Borrower’s relative.

2) Borrower’s employer or labor union.

3) A close friend with a clearly defined and documented interest in the borrower.

4) A charitable organization.

5) A governmental agency or public entity that has a program providing home ownership assistance.

Unacceptable gift donors for FHA loans…

1) The seller.

2) The real estate agent or broker.

3) The builder or an associated entity.

Gifts from these sources are considered inducements to purchase, and must be subtracted from the sales price.

That’s it for today!

Have a good day today! …and thanks for reading.

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Your Bonus Income, And Getting A Mortgage...

Good Morning!

When it comes to bonus income there are three things to be aware of when you are getting a mortgage…

1) We can’t use bonus income or overtime income unless you can prove you have been receiving this income for 2 years.

2) The employer has to indicate that the bonus or overtime income will likely continue.

3) We will use a two year average of bonus and/or overtime income. So, if you got a lot this year, but not last year then we will have to use an average of both years.

If you or someone you know needs a mortgage – let us know! We would love to help you out!

That’s it for today!

Have a good day! …and thanks for reading.

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3 Credit Tips For You...

Good Morning!

Hope you had a good weekend!

Wanted to give you a few simple ways to improve your credit scores...

1) Did you know a single credit card late payment can ding your score by as much as 60 points?

a) Helpful strategy – set your payments up on autopay.

2) The quickest way to increase your credit scores are to decrease your credit utilization ratio. This is the amount charged on your accounts versus their total limit.

a) Best ratio is 10%. Certainly don’t go over 50%. (If limit is $1,000 try not to carry more than $100)

b) Another strategy is to ask for a higher limit to get your ratio more in line.

3) You can gain credit score points by paying off the credit card whose balance is closest to its limit. However, don’t cancel the account after you’ve paid it down.

That's it for today!

Thanks for reading!

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