May 2014

Mortgage Myth Busting…Part 2

May 23, 2014

The Myth: A part-time employee has to be on the job for 2 years before they can use that income for qualifying for a mortgage. Origin of the myth:I believe that this myth comes from the Fannie Mae and Freddie Mac guidance on income from secondary employment. In the Fannie Mae handbook it says, “The […]

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Mortgage Myth Busting – Part 1

May 14, 2014

Over the following few months I will be writing a weekly blog post about some of the common misconceptions that we hear about in the mortgage industry. Some of these false ideas are even ones that I had early on in my career as a loan officer. My goal is to inform the reader about […]

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