Loan Officer - Drew Smith

07/27/2023

VA home loan residence requirment. NMLS #2113580

04/26/2023

If you have a service connected disability and receive income from the VA you can use that as qualifying income for a home loan. It's a life time benefit and if you have a 10% or greater rating from the VA you are also exempt from the funding fee.

If you have more questions and would like to look at your specific situation please feel free to reach out to me.

Drew Smith
719-507-1223
[email protected]
NMLS #2113580
Branch Address: 9325 Sky Park court Ste. 120 San Diego, CA 92123
MortgageOne, Inc. NMLS #898812

If you have a service connected disability and receive income from the VA you can use that as qualifying income for a home loan. It's a life time benefit and...

07/21/2022

I want to thank Care and Share Food Bank for Southern Colorado for hosting this volunteer event. It’s was great to meet other volunteers and support our community!

05/22/2022

Earlier this month the Federal Reserve announced a 50 basis point rate hike. This was the largest single increase since 2000.

What does that mean for borrowers and what impact will that have on buying power?

https://mortgagesolutions.net/loan_officer/drew-smith/


Drew Smith
NMLS #2113580
5455 N Union Blvd,
Colorado Springs, CO 80918
Equal Housing Opportunity

05/19/2022

The VA home loan program has many great benefits including:

No minimum credit score
No down payment
65% DTI
Single-wide eligible

If you have questions about the VA home loan please feel free to reach out to me anytime.

https://mortgagesolutions.net/loan_officer/drew-smith/


Drew Smith
NMLS #2113580
5455 N Union Blvd,
Colorado Springs, CO 80918
Equal Housing Opportunity

03/02/2022

Let's take a look at buying a better interest rate and what that might look like.

You might not know you can buy a better interest rate than what is offered initially. This is called a discount point and is paid upfront at closing for a reduction in interest rate.

Each situation is unique but you should at least ask about this option. In some cases it could end up saving money for borrowers. If you have any specific questions please feel free to reach out to me.

https://mortgagesolutions.net/loan_officer/drew-smith/


Drew Smith
NMLS #2113580
5455 N Union Blvd,
Colorado Springs, CO 80918
Equal Housing Opportunity

02/20/2022

What is an Amortization schedule? It is a break down of all the payments for a loan over a period of time. The AM schedule is a very important resource for borrowers and will show the total cost with any loan.

If you have any questions please feel free to reach out. [email protected]
NMLS #2113580