Mortgage qualification and student loan debt

From Cendera Funding:  Big changes are coming for anyone that carries student loan debt that will affect the mortgage qualification process. Currently, if the student loan is deferred for 12 months or longer, lenders do not need to account for the liability when qualifying you for a mortgage. Cendera Funding encourages buyers to act now […]

[VIDEO] Get your finances in order for a mortgage

This issue of the Real Estate 411 video series is about getting your finances in order before obtaining a mortgage. Find more Real Estate 411 videos on our YouTube channel at        

Is owner financing an option?

Much different than “for sale by owner” when the owner of a property is selling without using a real estate agent, owner financing is when the owner actually participates in financing the buyer’s purchase of the property, in whole or part. It can sound like, and at times can be, an enticing option for alternative […]

Things that can prevent you from obtaining a mortgage

Living beyond your means Living life on credit, spending beyond your means and carrying large debt reduces your likelihood of obtaining a mortgage unless your debt payments are very little of your monthly income (5% or less). Payments on car loans, lease payments, student loans, credit cards – all of these things count against your […]

Get your finances in order before you buy

Before you even begin searching for a home, calculate the mortgage payment for your intended price range, along with the increase in related expenses (such as property taxes, higher insurance and utilities). Then bank the difference between that and what you’re paying now. This allows you to build a nest egg which can be used […]

Wondering what to do with your tax refund?

Investing your tax refund as the down payment for a new home can make a lot of sense!  Click the image to download the full flyer, or visit Cendera Funding.

What is a Short Sale?

                A short sale is different from a foreclosure, which is when the seller’s lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for […]

Red Flags for Real Estate Scams

Requests to wire funds via MoneyGram or Western Union. A money wire is the same as cash. Most scams involve a request to wire funds. Do not wire funds to anyone you haven’t met personally, and do not accept wire funds that you did not initiate. Long-distance landlords. Most scams come from users in foreign countries who […]

Loan Modification Scams

Scammers may offer fake foreclosure counseling, phony forensic loan auditing, nonexistent mass rejoinder lawsuits, bait-and-switch ploys, leaseback programs, and fraudulent ‘government’ modification programs. Be skeptical if anyone asks for money for foreclosure counseling. Foreclosure counseling is free from agencies like the U.S. Department of Housing and Urban Development. Also, always contact your lender directly to […]

VIDEO: The Mortgage Process and Refinancing Considerations

  Watch our short Real Estate 411 video about the mortgage process and refinancing considerations.        

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