How Stated Income Loans Help High Earners Qualify Without Traditional Documentation
The assumption built into conventional mortgage qualification is that tax returns tell the truth about income. For a salaried employee, they largely do. For everyone else, the relationship between what the tax return shows and what the borrower actually earns is more...
Assets vs Income: A New Way to Think About Mortgage Qualification
Assets vs Income: A New Way to Think About Mortgage Qualification! The mortgage qualification conversation has a default setting, and most borrowers never question it. Income goes in, debt goes in, a ratio comes out, and the ratio either works or it doesn’t. For...
How to Replace High-Interest Debt with Smarter Mortgage Strategies
High-interest debt becomes background noise faster than it should. The credit card balance that’s been sitting at eighteen percent for two years, the personal loan that made sense when it was opened, the minimum payments that move the needle slowly enough that...
Mortgage Strategies for Tech Professionals With Stock-Based Income
Tech compensation packages look great on paper until you try to use them to buy a house. A total comp of $400,000 sounds like it should make mortgage approval straightforward, however stock-based income might not be as simple as it seems. Then the lender asks for two...
Bridge Loans Explained for California Move-Up Buyers
Have you heard of bridge loans? If you’re trying to buy a house in a market like the Bay Area or LA right now, you already know the nightmare scenario. You find the perfect house, the one with the extra bedroom and the yard you’ve been dreaming of, but you can’t pull...
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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.