Our Flexible Guidelines Produce More Loan Approvals
Providing streamlined, low-cost loans for purchasing, refinancing and construction since 1991!
Call us today at: 800-607-1941
How These Loans Just Got Better If you are a real estate investor, you probably know that getting the right financing for your rental property can be difficult. Banks and other lenders typically see these as riskier loans so they create tighter guidelines to minimize their risk. If you look at historical loan default andContinue Reading
Recent changes made by major mortgage lending institutions have made qualifying for a mortgage with bad credit easier than it has been in years. Acceptable credit scores are now lower and the “waiting periods” or time since major credit events like a bankruptcy, foreclosure or short sale have been reduced. Are there mortgage loans availableContinue Reading
Sure mortgage rates are quoted everywhere, but what you don’t know about what is behind the quoted rates could hurt you. By law, the Annual Percentage Rate (APR) must be disclosed and this is a common and simple way of comparing one lender’s mortgage rate quote to another’s. The APR is supposed to factor inContinue Reading
Getting A Mortgage Pre Approval Are purchase offers still submitted with a Pre-Qualification letter and not an actual Mortgage Pre Approval? I hope not. There is no good reason for a buyer or buyer’s agent not to submit a Pre-Approval, at least a copy of a Fannie Mae Desktop Underwriter (DU) approval. You probably see DU approvals, butContinue Reading
In recent months, the credit market for mortgage loans has seen some dramatic changes for the better. After years of extremely tight underwriting and risk avoidance by major banks, there are new loan programs that allow more flexibility. This means more loan approvals for today's home buyers and current homeowners seeking to refinance. The newContinue Reading
When qualifying for a home loan, lenders focus on five main areas of the application. Although each lender may have its own preferences, they all have very clear written guidelines as to what they will and will not accept in these areas. The five main qualifying factors are Credit, Income, Employment, Savings History/Reserves and Collateral.Continue Reading
Mortgage lenders establish minimum credit scores as part of their program guidelines. If an applicant has a credit score lower than what is required, that will usually mean the loan request will be denied, regardless of how strong the rest of the application is. Click to see today's rates These credit guidelines also establish rulesContinue Reading
All government, conventional and jumbo loan program guidelines require that the borrower have the ability to repay the loan. Income qualification is one of the five main home loan qualifying factors. Click to see today's rates Underwriters, who work for lenders as the decision makers when it comes to approving or denying loan applications willContinue Reading
There are three important things to understand about Hard Money Loans If you are not able to obtain financing in the prime marketplace where the best loans are offered, you may have more luck with Hard Money Lenders who will have fewer restrictions. Hard Money or Private Money Lenders are primarily interested in equity, propertyContinue Reading
Buying your first home can be much less complicated than you may think. Most first time buyers are not sure where to begin and what to expect. It’s common for new home buyers to get confused and distracted by information overload. Taking a simple, organized approach is best. This first time home buyer's five step,Continue Reading
apteka mujchine ukonkemerovo woditely.