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Don’t Make These 7 Home Buyer Mistakes

Don’t Make These 7 Home Buyer Mistakes

With today’s rising interest rates and high home prices, buying a home takes some planning and forethought. Mistakes can be costly, like getting a mortgage higher than you can afford or getting stuck in a neighborhood or house you actually don’t like. Her

Dec 27, 2022 | Purchasing a Home

Merry Christmas

Merry Christmas

With Christmas fast-approaching, all of us at Olive Tree Loans would like to wish you a Merry Christmas! We hope that this week you'll be surrounded by family, friends and loved ones while enjoying time together and making great memories.  It’s been fanta

Dec 22, 2022 |

How To Avoid Being House Poor

How To Avoid Being House Poor

Since buying a home is one of the biggest financial investments most people ever make, if you're are not careful, you can get in over your head. This can result in a status of being “house poor,” or spending way more on housing costs than you can afford.

Dec 20, 2022 | Refinancing a Home

How to Qualify for a Jumbo VA Loan

How to Qualify for a Jumbo VA Loan

If you are buying a home that is priced significantly above the region’s average, traditional loans may not be able to cover the size of your purchase. In this case you’ll need a jumbo loan. And if you’re a veteran or active-duty military member, there ar

Dec 15, 2022 | VA Loans

How to Buy a Home in Today’s High-Priced Market Without a Six-Figure Income

How to Buy a Home in Today’s High-Priced Market Without a Six-Figure Income

According to a recent report from Redfin, as of October 2022, in order to afford a “typical home” with the median monthly mortgage payment of $2,682, a buyer would need to earn at least $107,281 to be able to afford the loan. While prices may have slowed

Dec 13, 2022 | Purchasing a Home

Understanding Non-Owner-Occupied Mortgages

Understanding Non-Owner-Occupied Mortgages

If you are venturing into the world of rental properties, it's time to learn the ins and outs of non-owner-occupied mortgages. This is a special type of home loan for a property you buy but do not intend to live in. There are a few differences you need to

Dec 08, 2022 | Purchasing a Home