How a Bank Statement Mortgage Works

by mylenderjackie | Oct 8, 2018 | Loan Programs, Stated Income Loans

For self-employed individuals, a bank statement home loan may be the best thing since sliced bread. Instead of using W-2’s and tax returns, which most loans rely on, a bank statement loan uses the money you deposit into your bank account each month as proof of...

Mortgage for Self-Employed Borrowers

by mylenderjackie | Sep 24, 2018 | Loan Programs, Stated Income Loans

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

by mylenderjackie | Jul 16, 2018 | Loan Programs

If you are looking for a pay off demand for your Hero Loan please go here: HERO Payoff Request Energy & EnvironmentalPhone: 800-969-4382HERO Payoff Website The term HERO stands for Home Energy Renovation Opportunity and is a government based program providing...

3 Things to Do if You Want to Buy But Can’t Afford a Down Payment

by mylenderjackie | May 22, 2018 | Loan Programs

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

by mylenderjackie | Oct 26, 2017 | Lake Forest, Loan Programs

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

by mylenderjackie | Aug 10, 2017 | Loan Programs

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...