Mortgage for Self-Employed Borrowers
Introducing the 24 Month Bank Statement Loans For Self Employed Borrowers Self-employed borrowers rejoice! There are now bank statement loans for self-employed borrowers with no lender overlays on government and conventional loans. So what does this mean for...How to Get Out of a HERO Loan
The term HERO stands for Home Energy Renovation Opportunity and is a government based program providing financing for energy efficient, water efficient, and renewable energy products to homes and businesses in approved communities within California and Missouri....
3 Things to Do if You Want to Buy But Can’t Afford a Down Payment
20% seems like an awful lot of money to put down on a house these days, especially considering home prices are rising continuously. $20-$30,000 certainly isn’t chump change and it can be difficult for first-time homebuyers to come up with that much of a down...
Major Changes to the Reverse Mortgage Program
On October 2, 2017, major changes to the reverse mortgage program came down the pike. Here’s what you need to know. What is it? HECM, or Home Equity Conversion Mortgage, also known as a reverse mortgage, underwent some changes this year as the MBA (Mortgage...10% Down Payment on Jumbo Loan
Is a 90% loan to value jumbo loan right for you? If you are in the market for a home that is above $700,000 purchase price, a traditional loan might not be the best option. In this case, a jumbo loan is really what you want. Jumbo loans don’t fall into the same...
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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.