What Does a Mortgage Lender Look for When they Ask for Bank Statements?
When applying for a mortgage loan to purchase a home, a lender is going to want to see the documentation that provides solid proof of your income history and current income status. Most lenders require this proof in the form of a tax return, but there are other forms...
Stated Income Mortgage Options 2021
Stated income loans are not as widely available as they were prior to the recession of 2008 when several houses went into foreclosure. These no-document mortgages became harder to find in favor of strict income verification rules to help mitigate the large risks and...
Are There Jumbo Loans Available in California with 5% Down?
The state of California has several areas with higher home prices as compared to others across the country. In many places of California this can require securing a jumbo loan to purchase a home. What is a jumbo loan? A jumbo loan is a loan that lends out a larger sum...
Jumbo Loans are More Accessible Right Now – Should You Get One?
When you are hoping to purchase a home for a larger amount of money requiring you to apply for a larger mortgage, a traditional conforming loan may not be enough. You may need to look into borrowing a jumbo loan. For most real estate areas, a jumbo loan is needed for...
Debt Service Coverage Ratio Loans
What is a Debt Service Coverage Ratio (DSCR) Loan? A debt service coverage ratio loan, or DSCR is a helpful option to finance real estate investments. The real estate investment market has been promising for many and intriguing for some as it has been seeing a...
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