This article covers Tips For First Time Home Buyers And Mistakes To Avoid Many renters do not realize that they can qualify to be homeowners. We will cover Tips For First Time Home Buyers and mistakes to avoid during the mortgage process: Many renters think that they need 20% down payment in order to be first…
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…
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 the adding non-occupant co-borrowers for mortgage for homebuyers with high debt-to-income ratios. We will also cover the non-occupant co-borrowers for mortgage guidelines on home loans. If you have dreamed of owning your own home but are unable to meet the requirements needed in order to do so,…
In this article, we will cover and discuss qualifying for VA loans with 580 credit scores. Active duty and retired eligible veterans with a VA certificate of eligibility do not realize that they can get qualified for VA loans with 580 credit scores. Actually, the U.S. Department of Veteran Affairs has no minimum credit score…
In this blog, we will cover VA Manual Underwriting Guidelines During Chapter 13 Bankruptcy Repayment Period. VA loans are home loan programs for active and/or retired members of the United States Armed Services with a Certificate of Eligibility. The Certificate of Eligibility is also referred to as the COE. Only active-duty and retired members of…
This Article Is About Multiple FHA Loans At Same Time Mortgage Guidelines FHA loans are the second most popular loan program in the United States next to conventional loans. HUD, the parent of FHA, has more lenient mortgage lending guidelines than Fannie Mae and/or Freddie Mac. FHA loans have great benefits for first-time homebuyers, borrowers…
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…
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…