When your income is derived from investments, self-employment, or non-traditional assets, qualifying for a mortgage isn’t always a straightforward process. We understand that your financial picture might not fit a simple checklist. Non-QM Jumbo Loans offer a viable solution to help you qualify for a competitive loan and keep building build your wealth. Non-QM jumbo […]
Deciding to use a mortgage broker is a big decision and one that can save you a lot of money. Most people shop around for the lowest mortgage rate, which is a smart move. But it’s not always the best financial move. The truth is, your mortgage is a complex financial agreement that defines every […]
Refinance rates are hovering below 3% for qualified borrowers, so if you haven’t refinanced a mortgage in the past six months, now is the time to take action. I’ve been getting emails from clients asking if it’s still a smart time to refinance. Yes! Keep reading to learn which mortgage refinance loans might be the […]
When you’re ready to buy a home or refinance a mortgage, an escrow account will inevitably be part of the mix. A purchase escrow account safely holds funds during every real estate transaction. A mortgage escrow account holds funds during the life of the mortgage to cover property taxes and insurance premiums. Escrow accounts protect buyers, sellers, agents, […]
First, primary residence and principal residence mean the same thing. So when we talk about mortgages, primary residence and principal residence are interchangeable terms. What is a Primary Residence? In short, a primary residence is the main location where a person lives. It could be a home, condo, apartment, or even a boat. The main defining criteria are simple: […]
If you’re self-employed, have a high net worth, or want to apply for a mortgage without having to verify your income, then the no income verification loan might be worth considering. Just like it sounds, a no income verification loan doesn’t require proof of regular income to qualify. Qualifying criteria are much more stringent, but […]
Does your employer offer restricted stock units as part of your compensation package? Recently, a client asked if they could use restricted stock units as qualifying income to apply for a home loan. It’s becoming more common for big tech companies like Amazon and Google and large corporations to offer company stock to their employees. […]
Mortgage rates are starting to fluctuate, and there are a lot of predictions floating around about rising mortgage rates. But the pandemic has taught us that nothing is for sure. Trends that used to be predictable are in question. So how can we know whether or not mortgage rates are going to rise or stay […]
For a lot of people, this has been the year of transition. Work from home, back to the office, zoom school, back to campus, hybrid everything, and each month there’s a new set of rules. The big question I’ve heard a lot—is buying a home still a smart move? Is now a bad time to […]
When you’re getting ready to refinance your mortgage, one factor that impacts the terms of your new loan is the appraisal. A current home appraisal creates the basis of your home’s value in today’s housing market. But not every mortgage refinance requires a home appraisal. This can relieve a lot of stress for homeowners who […]
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