This guide covers buying house after bankruptcy and qualifying for a mortgage loan. Buying house after bankruptcy is possible after meeting a waiting period requirement after bankruptcy. Waiting period requirements depends on the individual mortgage loan program. The waiting period requirements are between two to four years on government and conventional loans. Non-QM loans do…
This guide will cover the mortgage options for investing in real estate in Puerto Rico. Why do many people consider investing in real estate in Puerto Rico? Many people and businesses are looking into mortgage options investing in real estate in Puerto Rico. Whether it is an owner-occupant primary home, second home, investment property, or…
This guide covers whether can you get a new mortgage while selling your house. Many homebuyers who plan on upgrading or downsizing to a new home often ask if can you get a new mortgage while selling your house. YES, you can get a new mortgage while selling your house. With proper planning and teamwork,…
In this guide, we will cover buying a house near an airport. When searching for a new home, location is everything, including proximity to an airport. Living near an airport may provide easy access to travel and other amenities but poses significant drawbacks. Dale Elenteny of Non-QM Mortgage Lenders lived near an airport for many…
In this article, we will cover and discuss the true cost of home ownership and compare the cost of a homeowner versus a renter. We will cover the frequently asked questions by first-time homebuyers with concerns about becoming a homeowner. We will discuss the finances and credit required to buy a house. We will also…
Apply Now In this guide, we will cover things to avoid during home loan process to close on time. We have covered many blogs on what to do to get a mortgage loan approval. During home loan approval, borrowers must be pins and needles with their credit and finances. There are several things to avoid…
This article will cover homes for sale by owner. A frequently asked question at Non-QM Mortgage Lenders is whether buying homes for sale by owner is cheaper than buying a listed home with a real estate agent. Buying homes for sale by owner is generally cheaper because home sellers do not have to pay the…
In this guide, we will cover how rent-to-own homes work. We will detail rent-to-own homes and why rent-to-homes are becoming increasingly popular among first-time homebuyers. Are you Tired of your rents increasing with no notice and with ridiculous increases? What Are Rent-To-Own Homes? What if I could tell you that you could enjoy the benefit…
Getting a mortgage after a divorce is inevitable. One person will be awarded the house. The person who is awarded the house will want to have the mortgage just under their name. The same goes for the ex-spouse who has relinquished their rights to the home. They will not want to have any liabilities because…
In this blog, we will cover and discuss how to hire the best real estate agent to list and find your new home. We will also do a feature on the Broker/Owner of the Balado Group, Tracie Balado. In this blog, we will cover and discuss how to hire the best real estate agent to…
In this blog, we will cover and discuss what is a 2-1 buydown mortgage. In today’s financial climate, it seems like everything is unaffordable. Whether you are living your day-to-day life buying groceries and gasoline or attempting to find housing, everything seems to cost more these days. Clearly inflation is out of control if our…
In this article, we will cover and discuss the down payment and closing costs required for a home purchase. Many first-time home buyers are very concerned about how much money they would need to save in order to be qualified to be able to purchase their new home. Believe it or not, many people who dream…
In this blog on Non-QM Mortgage Lenders, we will cover the differences between a home inspection vs appraisal. The key difference between a home inspection vs appraisal is the home inspection is not required to be done by the lender. The home appraisal is mandatory. Many homebuyers feel getting a home inspection is not necessary…
Non-QM Mortgage Lenders wrote and published this blog on how do I buy my first house in Chicago to give homebuyers the good, bad, and ugly of being a Chicago homeowner. Chicago is hands down one of the most beautiful cities in the world. As the author of this guide on how do I buy…
In this guide on using gift funds for the down payment on a home purchase. We will cover how family can gift you the down payment and closing costs on your home purchase. Today, we will discuss using gift funds for a house down payment. Using gift funds for the down payment is allowable with…