John Lemos's (jplemos) Blog

FHA Slashes Condo Approval Requirements by 15% It may be time to take a second look at condo projects that were previously off-limits for FHA loan approval.  Up until now, at least 50% of the units in an existing condo project needed to be owner-occupied in order to qualify for a loan insured by ...

FHA SLASHES CONDO APPROVAL REQUIREMENTS BY 15% It may be time to take a second look at condo projects that were previously off-limits for FHA loan approval.  Up until now, at least 50% of the units in an existing condo project needed to be owner-occupied in order to qualify for a loan insured by ...

The limit on "conforming" loans will rise in 2017 for the first time since 2006.  This is good news for homebuyers and homeowners who have higher loan balances.  A "conforming" loan is a mortgage that conforms to Fannie Mae and Freddie Mac guidelines.  Conforming loans typically carry lower inter...

As 2016 draws to a close, here are three questions you and your family may want to consider as you think about your personal finances:1 – What’s our gifting strategy?If you are thinking of gifting someone a large amount of money (more than $14,000), you may want to consider gifting them part of t...