Top 10 Things to Ask Your Construction Loan Lender

People get overwhelmed when it comes to the construction loan process. Most believe that it is cumbersome and ultra-difficult to get one. Many want-to-be custom home clients believe that they have to put 20% down or sell their house first. People also make assumptions that all the lenders and banks have the same process and...
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Filing For Homestead Exemption

Save hundreds and maybe thousands of dollars on your property taxes! You may apply for homestead exemptions on your principal residence. Homestead exemptions remove part of your home’s value from taxation, so they lower your taxes. Who Qualifies for Homestead Exemptions If you purchased an owner-occupied house this year and the home is your principal...
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Mortgage Loan Limits for 2021

We are seeing increases in mortgage loan limits in 2021 for both conforming and FHA loans. On conforming loans, the new limit is $548,250.  What does that mean to you? Well, you can purchase or build a house up to approximately $577,000 and ONLY put 5% down! FHA also released their 2021 loan limits, and...
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Testimonial – Ian Reyes

To Jennifer & the First United Bank Team… I wanted to take this opportunity to express my gratitude for a special individual at your company. At this point, I have had the pleasure of working with Robert Meagher twice in the last year or so. First, on our original purchase of our beautiful home in...
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Top Originator: Jen Guidry on building a well-oiled machine to close $148 million

Loan officers across the country are facing unprecedented challenges through the COVID-19 pandemic, but with these challenges, comes extraordinary opportunity. For Jennifer Guidry, this year also presented personal challenges, with a major health scare taking her out of commission during one of the busiest times the mortgage industry has ever seen. Rather than let these...
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5 Biggest Mistakes That People Make During The Loan Process

These are loan-stopping HUGE mistakes that people make every day…so I am here to help spread the word so that you don’t do the same! So picture this… You found your dream home, you pre-qualified at a payment you can afford and now are just waiting to close. Time to take it easy – maybe...
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This image shows Jen Guidry as she explains how to choose a lender

Don’t Use APR Only to Compare Lenders

I am going to explain to you why APR and ONLY focusing on it when you are comparing lenders is the WRONG thing to do. We have become brainwashed to believe that APR is the only thing to look at. Guess what, though? It is not. APR is basically the cost of a loan over...
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Important Announcement for Self-Employed Mortgage Borrowers

IMPORTANT ANNOUNCEMENT!  IF YOU ARE SELF-EMPLOYED and looking to buy, build or refinance a home, this information is for you! Beginning June 11, 2020, there is an important guideline update for ALL Fannie Mae and Freddie Mac loan applications. If you are self-employed or if you are a Realtor that is working with a self-employed borrower,...
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The 3 Numbers That Matter On Home Loan Applications

Today I am going to explain to you WHAT 3 NUMBERS MATTER THE MOST ON HOME LOAN APPLICATIONS. The 3 numbers that matter are YOUR CREDIT SCORE, YOUR DEBT-TO-INCOME RATIO AND YOUR LOAN-TO-VALUE RATIO.  These specific numbers matter because they affect your ability to qualify for a home loan as well as your interest rate...
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