Mortgage Credit Scores: What Do Lenders Use to Qualify Borrowers in 2024? If you’re considering buying a home or refinancing, you’ve probably heard much about credit scores. But what exactly are mortgage credit scores, and how do they affect your ability to get approved for a loan? In this blog post, we’ll cover everything you…
Can You Get a Mortgage with Late Payments? Here’s How to Make It Happen in 2024 One of the most significant financial actions you’ll ever make is purchasing or refinancing a home. But what if you’ve had late payments in the past? Can you still qualify for a mortgage with late payments on your credit…
This guide covers the steps to shopping and buying a house in Hawaii. Buying a house in Hawaii can be quite costly. Home prices in Hawaii are above the national average. Besides high home prices, everything in Hawaii costs more than the mainland U.S. Many homebuyers buying a house in Hawaii will discover that home…
The mortgage markets plays a crucial role in the overall economy, and its performance significantly impacts various sectors, including real estate investments. Despite soaring inflation, the Federal Reserve Board keeps increasing interest rates, which means higher mortgage rates. Rising inflation and the potential for interest rate hikes in the future have introduced an element of…
This blog will cover qualifying and getting approved for a mortgage during Chapter 13 bankruptcy. Unsurprisingly, homebuyers and homeowners can qualify for a mortgage after bankruptcy. How about qualifying for a mortgage during Chapter 13 bankruptcy? Borrowers can qualify for an FHA or VA mortgage during Chapter 13 bankruptcy repayment plan without the Chapter 13…
This guide will cover the types of mortgage options for homebuyers. Taking out a loan can be daunting, especially if you need to learn about mortgages. Wendy Lahn, a dually licensed real estate agent, and loan officer, shared the following: For starters, you should know that not all loans are the same, with the main…
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…
In this article, we will cover and discuss qualifying for non-QM mortgages after bankruptcy and foreclosure with no waiting period requirements. Government and conventional loans require a mandatory waiting period after bankruptcy, foreclosure, a deed in lieu of foreclosure, and a short sale. The waiting period after bankruptcy and foreclosure depends on the individual mortgage…
In this article, we will cover the differences between non-QM down payment requirements versus traditional loans. This blog on Non-QM down payment requirements is an update of an older blog post that we published on bank statement loans which still exists but dozens more non-QM mortgages are now in the marketplace. Non-QM Mortgage Lenders now…
In this article, we will cover and discuss non-QM loan requirements for purchase and refinance transactions. Despite the coronavirus pandemic that broke out in February 2020, the housing market has been going strong. Again, 2022 was a historic year for the housing and mortgage markets. Home prices continue to rise despite the coronavirus economic impact…
In this blog, we will cover and discuss buying home after short sale. Government and conventional loans have a mandatory waiting period after bankruptcy, foreclosure, a deed in lieu of foreclosure, or short sale. Buying home after short Sale With NON-QM Mortgage Loans is now possible for home buyers who recently had a short sale….
In this blog, we will cover and discuss 90 LTV jumbo loans with no private mortgage insurance. Home prices are skyrocketing like never before and many people are getting priced out of the housing market due to needing jumbo loans. Real estate prices have been increasing since 2010. Despite mortgage rates being the highest since…
In this blog, we will cover and discuss the non-QM mortgage requirements on owner-occupant, second homes, and investment properties. We will go into why non-QM loans are becoming increasingly popular and the non-QM mortgage requirements. Non-QM loans are not hard money loans or mortgages for just bad credit mortgage borrowers. Many borrowers with great credit…
In this blog, we will cover what non-QM mortgage loans are. Many homebuyers and real estate investors have heard of non-QM mortgage loans. However, a large number of homebuyers and real estate investors assume non-QM mortgage loans are non-prime loans or hard money loans with high mortgage rates. This is not true. Apply Now Why…
In this blog, we will cover and discuss the self-employed mortgage guidelines on both traditional and non-QM loans. Self-employed mortgage guidelines depend on the various loan programs. If you’re self-employed and reading this blog, you have more than likely run into trouble while attempting to get a mortgage. Self-employed mortgage guidelines on non-QM loans do…