Rent Payments Can Now Be Considered in Credit History
With a highly competitive seller’s market, it can be a little more challenging for first-time homebuyers to enter the housing market. To help a first-time home buyer secure a mortgage loan, the mortgage giant Fannie Mae will now allow lenders to consider rent payments...
Right Now is a Great Time to Refinance Investment Properties
Right Now is a Great Time to Refinance Investment Properties – The historically record-breaking low-interest rates over the last year and a half have sent homeowners to seek out loan products in larger numbers than previous years. One group that could...
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...
General Qualifiers for Jumbo Mortgages
General Qualifiers for Jumbo Mortgages – If you are needing a home loan that covers more than $548,250, or $822,375 in more expensive housing markets across California, you will need a jumbo loan. But what are the qualifications of being able to secure a jumbo...
Jumbo Loan Down Payment Requirements in 2021
If you, like many California homebuyers and other homebuyers across the country, are hoping to purchase a bigger better and more expensive home this year it is highly probable you will need a bigger mortgage. A jumbo loan can allow you to buy a more expensive home...
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...
New Mortgage Options for Teachers and First Responders
A new bipartisan bill currently in the House of Representatives that is called the HELPER Act is aiming to help teachers and first responders that worked hard to keep things going with adverse measures during the height of pandemic shutdowns get into a home with a...
Adverse Market Fee on Refinances has Been Dropped
The large mortgage backing entities of Fannie Mae and Freddie Mac are dropping a fee on mortgage refinances that was instituted during the pandemic at the end of 2020. Dropping this fee is lowering the cost for borrowers to take out a refinance mortgage loan on...
Should You Pay Off Your Mortgage Early?
The thought of paying off your mortgage early is an exciting one as you will no longer have to pay interest on your home. But both the pros and cons of paying off your mortgage early should be considered before you actually do so if you have the means. In some cases...
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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.