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New Mortgage Requirements for Self-Employed Borrowers

New Mortgage Requirements for Self-Employed Borrowers

by mylenderjackie | Jul 23, 2020 | Stated Income Loans

Last month Fannie Mae and Freddie Mac both announced new standard requirements for self-employed borrowers and loan applicants. It is expected that many other lenders will adhere to these loan requirements in the near future as well. New Self-employment Mortgage...
The Basics of No-Closing-Cost Refinances

The Basics of No-Closing-Cost Refinances

by mylenderjackie | Jul 13, 2020 | Refinance Your Home Loan

Right now a large number of home owners are hoping to take advantage of historically low interest rates and refinance so they can lower their monthly mortgage payment. Is a no-closing-cost loan refinance a better way to go? The Details of a No-Closing- Cost Mortgage...
What Mortgage Rate Can I Get Compared to the Average Rate?

What Mortgage Rate Can I Get Compared to the Average Rate?

by mylenderjackie | Jul 7, 2020 | Loan Programs

Mortgage rates are lower than they have been in several years making this a really good time to apply for a mortgage and take advantage of lower payments. One thing applicants should be aware of though is that the national averages you see on the news and read about...
Locking in a Mortgage Rate as Buyer’s Get Competitive

Locking in a Mortgage Rate as Buyer’s Get Competitive

by mylenderjackie | Jun 30, 2020 | Loan Approvals

At this time borrowers have a chance to lock in mortgage rates at historically low rates. Lower inventory to purchase from and a competitive seller’s market can make finding the right home a bigger challenge.  This has some buyers wondering when they should lock in...
Tips for Scoring Lower Rates and Speedier Closings on Mortgages Right Now

Tips for Scoring Lower Rates and Speedier Closings on Mortgages Right Now

by mylenderjackie | Jun 23, 2020 | Loan Programs

Obtaining a mortgage in the spring and summer of 2020 while many areas begin to slowly open up after pandemic shutdowns means longer wait times for the underwriting process and final approval as well as much tighter qualification standards. Right now lenders are...
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Recent Posts

  • Bank Statement Loans in California: How Self-Employed Buyers Prove Income When Tax Returns Undervalue the Real Story
  • California Bridge Loans for Self-Employed Homeowners
  • The Self-Employed Borrower With Inconsistent Income
  • Who Qualifies For Stated Income Loans in Today’s Market?
  • When the Tax Return Says No — DSCR Says Yes

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