How is a Bank Statement Loan Different from a Traditional Loan?
With so many types of mortgages out there, many homeowner hopefuls don’t realize that bank statement loans may be their key to homeownership. One of the most important criteria that allows you to qualify for a mortgage is your income. Traditional loans look at...
What is Mortgage Insurance, and Do I Need It?
If you are preparing to buy your first home, the number of acronyms and terms you’re hearing can start to run together and feel overwhelming. One term that you may see mentioned is “mortgage insurance” and more importantly, you may be left wondering...
How to Get into Real Estate Investing with House Hacking in 2023
Investing in real estate has remained one of the best ways to create financial freedom and build generational wealth, but it can seem unattainable for those of us without a large amount of cash to start with. If you are interested in getting into real estate...
How to Make Yourself a Strong Applicant for a Non-Traditional Mortgage
Applying for a mortgage is a major milestone, with lots of emotion attached. Before applying for mortgage pre-approval, most people want to know what they can do to be the strongest possible applicant. If you are applying for a non-traditional mortgage as a...
Keys to Qualifying for a Mortgage in 2023
Mortgage rate increases are all over the news, leading some hopeful homebuyers to wonder if 2023 is still a good year to buy a home. Even if you will pay a higher interest rate than you would have 2 years ago, buying a home this year remains a great way to build...
Why You Need a Verified Approval Letter When Buying a Home in California
Obtaining a verified approval letter for a mortgage before searching for a home offers several advantages. Firstly, it provides a clear understanding of your budget and the price range within which you can comfortably shop. This knowledge helps narrow down your search...
What is an Appraisal and Why Does it Matter?
What is an Appraisal and Why Does it Matter? During the home buying process, numerous steps must be taken to finally purchase your home. Even after you have been pre-approved for a mortgage, made an offer, and had that offer accepted, you are not quite ready to call...
How to Get Into Real Estate Investing with Limited Capital
Investing with Limited Capital – Real estate investing is one of the best ways to create passive income and build wealth. If you are interested in getting into real estate investing but do not have a lot of capital to work with, there are still ways to reach...
Can I Get a Mortgage with Bank Statements in 2023?
Can I Get a Mortgage with Bank Statements – The typical mortgage application process does not work for everyone. Submitting proof of income and employment is easier said than done for something who is self-employed or works as an independent contractor with...
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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.