Mortgage advisors are out there telling you how to live your life. This has to stop.

Mortgage Myth #1
“Don’t change jobs while applying for a mortgage”

Bullsh!t. You can switch jobs during the process.

Don’t let a mortgage advisor tell you not to make more $$ or take a promotion. …


A fast run-down of the top mistakes to avoid when applying for a home loan.

A mortgage is a loan secured by your home. It’s the financing we need to buy a house. There are many options when shopping for a home loan. What matters is that you’re qualified and that your rates are great. …


Unidentified person going up a climbing wall.

When investing in real estate — it’s all about the cash flow.

I can see why investors don’t use the awkward acronym — CoC.

Cash on Cash returns are used in real estate transactions to calculate how much you are making on the amount of cash you invested in a…


Yeah, the house looks great. And the price seems fair. But will it make any money? Will it make enough money to justify the expense of buying it? How do you know?

One method to estimate the profitability of an investment property is to calculate the Capitalization Rate — Cap…


It’s not gonna make you fabulously wealthy — not any time soon anyway. You won’t be on Twitter’s sexiest investors list. You won’t have much to brag about at backyard BBQs. What you will have is a growing portfolio of rental properties that are cash flow positive.

It’s the boring…


How much do you qualify for? How much mortgage can you get? What’s home price do you qualify for?

Great questions, and a good starting point of the homebuying process. You’ve seen some houses online, you have an idea of the price of homes you like. Now what?

Can you…


EMD stands for Earnest Money Deposit in real estate. It’s the good faith deposit a buyer puts up when signing an agreement to buy a house. It shows the seller the buyer is earnest in buying the home so the seller will take it off the market.

When the buyer…


On 4/8/2021, Fannie Mae and Freddie Mac, the two biggest players in the US mortgage market, who buy most of the mortgages originated announced that all mortgage applications with a date of 6/30/2021 or beyond must conform to the revised qualified mortgage (QM) rules. …


Two hands with a notepad, charts and a calcultor

Loan level pricing adjustments are set by the Government Sponsored Entities (GSE) — Fannie Mae and Freddie Mac — or their regulator — the Federal Housing Finance Agency (FHFA) at the loan level. …


A couple with papers and a calculator in the kitchen figuring out the numbers.

On page 2 of the Loan Estimate, where it breaks down all the various costs and fees for your home loan, on the right side in Section F, there are prepaids.
There are a few things a lender will require you to pay in advance. What you would normally pay anyway…

Jeffrey Loyd

Mortgage Broker licensed in CA, CO, FL & NJ. For today’s rates: https://jeffrey-loyd.clixonme.com.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store