Applying for a Non-QM Loan After Traditional Loan Denial
The non-QM loan is another name for non-conforming home mortgage loan programs. These types of loans do not have to stick to the parameters and requirement rules set by federal entities in order for them to be backed. These are loans strictly done by the lender to...
Reasons a Non-QM Mortgage Might be Better Than a Traditional One
Reasons a Non-QM Mortgage Might be Better Than a Traditional One – Not every person hoping to purchase a home will be able to qualify for a traditional conventional 30-year fixed-rate mortgage. This can be due to several different reasons that do not meet up to...
How to Get a Home Loan Without Tax Returns
Home Loans for Self-Employed Without Tax Returns! What is a Bank Statement Loan for Self Employed Borrowers? Find Out if You Qualify for a No-Tax-Return Loan! Name Email Address SEND What is the Best Loan for Self-Employed People? Ideal for The Self-Employed There...
Mortgage Tips for Single People with Children
If you’re single and responsible for the care of one or more children in your home it can be more challenging to purchase a home as compared to a couple of people using a dual income to qualify for a mortgage. While homeownership may feel like it is becoming more and...
How Many Mortgage Lenders Should You Apply To?
How Many Mortgage Lenders Should You Apply To? It is not uncommon to hear that you should shop around when applying for a mortgage. But what is often not advised is just how many different mortgage options you should look at or how exactly you should carry out your...
Federal Reserve Actions Could Make Getting Mortgages Easier
Federal Reserve Actions Could Make Getting Mortgages Easier – Rates have been slowly climbing in response to the federal reserve stance on inflation but homebuyers shouldn’t worry about having trouble qualifying for a mortgage loan in the months to come....
Will Larger Conforming Loan Limits Bring a Housing Crisis?
Will Larger Conforming Loan Limits Bring a Housing Crisis? Home prices have been on the rise in a very quick manner for some time now and they do not appear to be hugely slowing down. A large reason for the increase in home prices is low mortgage rates that have...
New Mortgage Program Proposal
Recently five US senators introduced a bill that could help families with modest means build wealth through homeownership. This new proposal is called the LIFT Act, or Low-Income First-Time Homebuyers Act, and is currently only a bill. This new bill is hoped to...
Solutions for the End of Mortgage Forbearance
Shortly after the pandemic began, the government put into place protections that required mortgage lenders to offer mortgage forbearance programs for homeowners that saw themselves struggling to make ends meet while things were shut down. These Covid relief...
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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.