LoanSome Dough

LoanSome Dough Your Favorite Mortgage Broker ❤️
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11/17/2025

You want to qualify for an FHA loan.

So I was talking to a wonderful person who wanted to do an FHA refi and based on the initial numbers everything was looking good and we could save them about $200 per month 🎉

Then I pulled credit and there’s more debts on there then they estimated that actually pushed them over the limit as far as debt-to-income comes. 😢

They proceed to tell me they actually make about $2,000 a month in bonuses 🥂 (and have for the past two years)

But there were $0 in bonuses on the paystub, so naturally I ask about them.

To which they reply, ‘oh it’s cash.’

I ask, ‘ok do you claim this on your taxes?’

Their answer, ‘Hell no Roxy. Why would I claim all that cash and have to pay taxes on it?’

To qualify for a mortgage Walter White. That’s why.

If you’re in sales, beauty business, restaurant business, sell feet pics and want to use that cash to qualify for an FHA loan. You’ve got to claim it on your taxes y’all!

11/17/2025

You want to qualify for an FHA loan.

So I was talking to a wonderful person who wanted to do an FHA refi and based on the initial numbers everything was looking good and we could save them about $200 per month 🎉

Then I pulled credit and there's more debts on there then they estimated that actually pushed them over the limit as far as debt-to-income comes. 😢

They proceed to tell me they actually make about $2,000 a month in bonuses 🥂 (and have for the past two years)

But there were $0 in bonuses on the paystub, so naturally I ask about them.

To which they reply, 'oh it's cash.'

I ask, 'ok do you claim this on your taxes?'

Their answer, 'Hell no Roxy. Why would I claim all that cash and have to pay taxes on it?'

To qualify for a mortgage Walter White. That's why.

If you're in sales, beauty business, restaurant business, sell feet pics and want to use that cash to qualify for an FHA loan. You've got to claim it on your taxes y'all!

11/12/2025

I'm seeing this and hearing from other mortgage friends that this is happening more often....

You get someone pre-approved.
They go under contract.

THEN they shop lenders.

Which leads to point #1:
When that clock starts ticking and you're looking around your house at all the crap you've got to pack.
The stress level starts to rise.
Most people don't make their best decisions when they're stressed out.
I'm not saying that's you. Just most people.
🫶 So with love, if you want to lower your stress, shop lenders BEFORE you go under contract.

Let's get back to this story, shall we?

This is the first time this gal is buying on her own.
In the past her ex handled all this stuff.
So she starts shopping lenders after going under contract.

Since she used my pre-approval and we'd built a good relationship she was kind enough to send me the other fee sheet so I could do an apples-to-apples comparison for her.

Now at a glance it looked like it would be $500 less for her. 👍
BUT they were missing about $2,500 in fees. 👎
They are a 1-800 company who isn't familiar with our area and lowballed the government fees and didn't include any HOA fees.

As you can imagine, they got the boot.

Then like freakin' whack-a-mole another she's got another quote.

Again at first glance it looks good, a couple hundred dollars less than mine.
BUT here's the deal.

Us mortgage people only control certain fees.

So we did a side-by-side of those fees and wouldn't you know I am $2,500 LESS.
👋 Bye Felicia. Cause who doesn't want to save $2,500?

With all that being said, if you work with a mortgage pro who you feel like you can trust make sure you give them the chance to review these quotes so you get a true apples-to-apples.

Because you might not be looking at a great deal, just a lowball estimate.

Listen, I get it. There are so many misconceptions out there about VA loans because most loan officers have no clue what...
11/11/2025

Listen, I get it. There are so many misconceptions out there about VA loans because most loan officers have no clue what they're doing. 😆

Luckily we're teamed up with the #1 VA broker NATIONWIDE.

Let's bust some of those myths shall we:

❌VA loans are full of red tape and take forever to close.
✅ Turn times are about the same as conventional or FHA when your lender knows what they're doing.

❌Zero down is risky.
✅ VA loans have the LOWER default rates than FHA or conventional.

❌VA appraisals always come in low.
✅ VA appraisal standards are almost identical to FHA. They add a few Veteran focused protections and actually give you a chance to fix the issue before value is set.

To recap, VA loans are awesome.

Oh, and we offer an appraisal credit for our Veterans.
Which is usually $650-$850. 😉

Hit me up for details!

Remembering my dad today, who served 20 years in the Army. Even after he retired, you'd typically find him in army green...
11/11/2025

Remembering my dad today, who served 20 years in the Army.

Even after he retired, you'd typically find him in army green or khaki.

Whenever he'd talk about his time in the service his eyes would light up like a Christmas tree.

I also think about my grandfather, grandmother and great-grandmother all of whom were prisoners in Japanese work camps during WWII.

My grandfather would talk about how that camp was liberated by American troops.

When he talked about that experience his eyes would also light up, with love, gratitude and appreciate for those who serve.

Today we honor the incredible men and women of our military.
As well as their families. 🇺🇸

11/10/2025

📣 50 Year Mortgages???

Alright friends, over the weekend the Trump Administration announced they're wokring on a 50 year mortgage option.

If you're like me, my initial reaction was, 'holy 💩! that's a long time!'

And if you have mortgage friends here on the socials, there's A LOT of debate about it.

But then there are some stats to consider....

1. Most folks are in their home for 8 to 12 years.
So most of us never see the end of a 30-year mortgage.

2. Homeowners net worth on average is 44 TIMES renters.
You can find this stat all over the dang place.
I saw this in action, time and time again, when I was a financial advisor before getting into mortgage.

Y'all ready for my 10 cents? 😉

If this comes to market and a 50 year mortgage is how someone is going to qualify to buy their first home and the numbers work for them. I'm HERE FOR IT.

Are the banks going to make way more money on a 50-year loan then 30-year? Abso-freakin-lutely. But like we talked about most people are in that house for 8-12. And hello, what about a refi?

Like I tell the folks that I work with, I honestly don't care what program we use.

My goal is to find the best fit for YOU.

Whatever meets your short-term goals and sets you up for success long-term.

Real estate continues to be the #1 way families generate wealth so if a 50-year mortgage is how we help MORE families, so be it.

What do you think about a 50-year option?!

If this is you because your loan officer isn't explaining what the heck is going on, give me a shout 😉
11/04/2025

If this is you because your loan officer isn't explaining what the heck is going on, give me a shout 😉

10/30/2025

A lot of folks don't know this until they start the process.

If your credit is pulled for any dang reason AT ALL during the loan process, our team is notified.

One time, I got a notice that a client's credit was pulled at a Chevy dealer and when I called him he was still there.

I told him if you want to close on this house, you better just be test driving that truck. 😂

Make sure to call your mortgage pro BEFORE doing anything that impacts your financial situation and we'll keep you out of trouble!

Alright friends. First things first. The talking heads who are going to shout this from the rooftops aren't licensed and...
10/29/2025

Alright friends.

First things first. The talking heads who are going to shout this from the rooftops aren't licensed and don't know what the heck they're talking about when it comes to how mortgage rates actually work.

So let's get one thing straight 👇

Mortgage rates ARE NOT only based on what the Fed does.

Mortgage rates ARE based on how the market reacts to these cuts, job reports, CPI data and other stuff.

Then on top of that, YOUR credit score, debt-to-income, down payment, what type of property also impact YOUR rates. It's not a one-size fits all.

So to recap:
Don't listen to the news.
Call Roxy for all your mortgage needs @ 865-297-3650. 😉

1. You’re out here trying to time the market like you know better than the 90% of millionaires who built their wealth th...
10/28/2025

1. You’re out here trying to time the market like you know better than the 90% of millionaires who built their wealth through real estate.

2. Every landlord you’re ever had became wealthier because you paid their mortgage.

3. Everyone deserves a roof over their head but not everyone’s ready for a mortgage.

4. Get pre-approved first. Because if you’ve been looking at homes that are $750K but qualify for $500K…que the disappointment.

5. If you’re dating and one of you can float the loan. Do that. It’s cheaper to add someone to the deed than it is to do a refi.

6. You’re borrowing hundreds of thousands of dollars, there’s going to be some paperwork involved.

7. You don’t rise to the level of your goals, you fall to the level of your (financial) habits.

8. If you’re only focused on the interest rate you’ll miss the strategy and probably overpay.

9. Fun fact: at some big banks, the person you’re talking to about your loan isn’t even licensed.

10. Buffett keeps a mortgage. Bezos rents data center. Wealthy people don’t avoid debt. They master leverage.

Sometimes we all need that no B.S. love from a big sister so here we are. 😘

10/13/2025

It's Tuesday. We're set to close Thursday.
Docs are going out.
Movers scheduled.

Then I get an email:
"Hey, another lender just sent me this compelling offer"

Friends, as you can see it was handwritten.
Like a note you'd pass in 7th grade (do they still do that?!) 🤣

This mortgage "pro" didn't bother to plug into their system.
No fee sheet. Just a lil' scribble.

When I asked the client what company they were with, they didn't know.
But they sure as heck wanted me to "match this incredible offer".

I've been working on my skincare routine but I wasn't born yesterday.

Here's the truth: even if this were legit, switching lenders restarts the entire process.

No one's closing in two days. Period.

Do yourself a favor to minimize your stress.
If you're going to shop lenders do it BEFORE you go under contract.
Or within a day or two at most.

Once you've decided who you want to work with, let them guide you through the process start to finish.

That's how you actually make it to the closing table on time. 😉

Address

5860 Baker Road
Knoxville, TN
55345

Telephone

+18652973650

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