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Government shutdown and home loans

By Brian at Thursday, October 03, 2013 , in category

Impact of Government Shutdown on Lending

There are several impacts on lending due to the government shutdown. For the most part, lenders will keep operating with business as usual on Conventional, FHA, and VA loans. The biggest impact is that lenders will be unable to order IRS transcripts during the shutdown.

These IRS transcripts are required on every single FHA/VA/Conventional/Jumbo loan (it "proves" that the borrowers tax returns and w2's are legitimate). Most good lenders (including VIP) order these transcripts at the beginning of loan processing so it should… Read more



Dear Mom, Please buy me a house. Love, your kids

By Brian at Tuesday, September 10, 2013 , in category

I do get the question once in a while about parent or adult child buying a home for children/seniors.
There are a few benefits to having this done... Interest rate and investment portfolio smile

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