Can I Use a Refinance to Buy a Second Home?
Rates are extremely low right now in fact, in December, they are the lowest they’ve been this month in seven years. That means it’s a great time to consider a refinance were buying your first or even your second home. But can you take the money out of your...
Difference Between Bank Statement Loans and Stated Income
I am very passionate about this type of home loans for the self-employed. I’ve been working with several lenders for multiple years now on bank statement loans and stated incomes but is there really a difference? I did a post that bank statement loans are the...
Stated Income Loans are Ideal for Real Estate Investors
Stated income home loans used to be widely available before the recession in 2008. And although we’re not back to the subprime mortgage bust, and hopefully never will be, these loans were extremely valuable and they’re making a huge comeback. In 2010, the...
Tailored Pre-Approval Letters Can Help in a Bidding War
We talked about the benefits of a pre-approval letter and how it makes you a more qualified buyer when you present this letter to sellers when submitting an offer. But, a tailored pre-approval letter can actually help you win a bidding war. Here’s what I mean. A...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.