Home loans are heavily dependent on your unique situation. Usually, a broker will base your mortgage program on income type, income amount, property type, credit position, etc. These qualifiers are common with mainstream loan types like Conventional, FHA, VA, and USDA. What if you don’t fit into any of these categories or don’t meet the right criteria? Luckily, there’s hope with Non-QM mortgages, or Non-qualified mortgages. Non-QM home loans are not required to meet agency-st

If you didn’t know by now, mortgages in the United States are at an all time high in consumer demand and all time low in interest rates. If you already refinanced, you are probably relaxed knowing you may have the lowest rate you’ll ever get. If you haven’t refinanced, it is smart to pay attention to recent trends, including the fact that rates are indeed rising and will continue to rise. Let’s examine some of the trends that are shaping and reshaping the mortgage industry in

It is very important to know your terms before applying for a mortgage . Bookmark this tab on your computer so that you can reference these terms at any time before or during the mortgage process. Appraisal : A rough estimate of how much the home is worth. Appraisals are required by lenders before a home loan can be signed. The appraisal tells the lender how much can be loaned to the borrower. Appraisals come from an independent third party, not the lender. Principal: The s