Although a lower interest rate can help you save money through the life of your home loan, the rate you obtain is based on certain factors. Some of these circumstances are within your control and others are not. One of the greatest elements within your control is creditworthiness and the reduction of risk to the […]
Loans for Low-Moderate Income and Underserved Communities Bring Homeownership Within Reach
Today, for many people, it seems that higher home prices, rising mortgage rates, high inflation, and low inventory have pushed home ownership from within their reach. In fact, since 1980, median home prices have risen by more than double the percentage of the median family income and California was the nation’s least affordable major housing […]
Uncovering the Hidden Advantages of Higher Interest Rates
Toward the end of last year, the Federal Reserve announced that borrowers could expect a series of rate hikes throughout the year in an effort to fight inflation and prevent the economy from expanding at an unsustainable rate. Although interest rates are key considerations for most borrowers, there are actually a number of advantages to […]
In the Realtor-Lender Partnership, What Does Your Lender Do for You?
Have you ever asked yourself, in the Realtor-lender partnership, what does your lender do for you? Undeniably, realtors who have a consistent list of strong prospective buyers and sellers have the greatest chances for success, and lenders and their realtor partners have strong reciprocal opportunities for business referrals. Lenders can be an important source of […]
The Benefits of DSCR Loans for Rental Property Investors
Investing in rental property can be an excellent strategy for investors to generate income, whether from a second home, Airbnb property, or small multi-family housing unit. Investing in rental properties are also scalable investments, allowing rental income to multiply by investing in a greater number of properties. In fact, residential rental properties are is often […]
The Unique Opportunities and Advantages of a VA Mortgage
The U.S. Department of Veterans Affairs (VA) helps Servicemembers including Reserve and National Guard members, Veterans, and their eligible surviving spouses to become homeowners by providing a home loan guaranty benefit. Although the VA does not lend money, it does guarantee a portion of the mortgage allowing private lenders, such as banks and mortgage companies […]
Selecting the Right Mortgage Professional to Work for Your Best Interests
Buying real estate can be intimidating, and as a borrower, it can be difficult to know all the details and options about mortgages including the availability of different lending products, rules and regulations, and the qualifications and documentation required for obtaining a loan. Therefore, it is beneficial for many buyers to find a mortgage professional […]
Fannie Mae & Freddie Mac Mortgage Loans FAQs
There are two large companies that guarantee most of the mortgages in the U.S. They are the Federal National Mortgage Association (FNMA) known as Fannie Mae, and the Federal Home Loan Mortgage Corporation (FHLMC) or Freddie Mac. In 2008, following the most serious financial crisis since the Great Depression, the U.S. government took over operations […]
Having Trouble Qualifying for a Mortgage? – Consider A Non-QM Loan
Desirable real estate opportunities typically don’t remain available for long in today’s hot real estate market. Yet many potential homeowners and prospective real estate investors are finding that they aren’t entirely qualified for the standard, traditional mortgage formulas due to factors such as income, credit, or other requirements. Nevertheless, under many circumstances, a non-QM mortgage […]