nonqm

What is a Super-Conforming Mortgage?0
- Mortgages, Non-QM
- December 23, 2024
The Super-Conforming Mortgage Since 2020, residential real estate has been a hot commodity with stratospheric appreciation driven by record-low interest rates and a lack of inventory. The high inflation and interest rate hikes that followed brought some markets back to Earth. There are many desirable areas of the country where real estate values have remained
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Article: Is Now The Time Right To Take Advantage Of Your Home Equity?0
- Mortgages, Non-QM
- October 22, 2024
Surging inflation has made the last several years especially challenging for American families. As of September 2024, national household credit card debt has risen to an astronomical $1.1 trillion and the interest due on that debt is crushing. Homeowners could tap their equity to relieve financial stress, but high rates have made that prospect a
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The Top 5 Things To Consider Before Shopping For A Home 0
- Mortgages, Real Estate
- October 17, 2024
Assess Your Financial Situation Securing a mortgage is one of the most significant financial moves of your life. Being well-prepared for such a large undertaking can make the process much smoother. The first and most crucial step is to assess your financial situation. This involves reviewing your income, savings, your credit score, and figuring out
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Do I Need a 20% Down Payment for a Jumbo Loan?0
- Mortgages, Non-QM
- June 5, 2024
Do I Need a 20% Down Payment for a Jumbo Loan? When it comes to purchasing a home, one of the most common questions prospective buyers ask is, “How much do I really need?” The answer to this question is not as straightforward as it might seem. It depends on various factors, including the lender’s
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A Comprehensive Guide to Qualifying for a Mortgage with Bank Statements 0
- Mortgages, Non-QM
- June 3, 2024
When you’re self-employed and exploring mortgage options, using bank statements to qualify for a home loan could be a great fit for you. Your bank statements serve as a window into your financial health – providing lenders with a detailed picture of your income, expenses, and overall financial stability. Let’s examine the process of qualifying
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Mobile, Manufactured, and Modular Homes. How Do Lenders View Them?0
- Mortgages, Non-QM
- April 23, 2024
When it comes to mobile, manufactured, and modular homes, many people cannot articulate the differences between them. Most would assume they are all the same, and while similar, each style of home is unique in its own way. Let’s explore the differences between these factory-built homes and how mortgage lenders view them when financing is
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