In the 1980’s, the federal government began noticing that many retirees and elderly people were struggling financially despite having a solid net worth. Technically, these people had a strong financial foundation, but the majority of their net worth was...
There are a lot of factors that lenders consider before issuing a loan. You’ll find debt-to-income ratios, credit scores, loan-to-value factors, and much more. One of the factors that can be lost in the shuffle is taxes. If a...
Mortgages come in many forms. When you start looking at all the different types of loans, it can be fairly overwhelming. You’ll find 30-year, jumbo, conventional, VA, balloon, USDA, and more; navigating it all can seem impossible! However, you can...
When purchasing a home, it helps to utilize all your available income sources. For many people, this means simply verifying your regular salary, but for military personnel, it means you have to document all the various forms of payments....
It seems that getting approved for a mortgage loan would be easy, but if you have come across non-warrantable condos, you’ve likely discovered how complex it can be. While these properties may be difficult to finance, but it’s certainly not...
Jumbo Loan Programs for a Credit Score Under 700 Jumbo loan programs can help you obtain affordable financing for high end homes in California and all across the country. However, they also come with increased scrutiny and enhanced requirements. Because...
When you apply apply for a mortgage, you’ll usually be asked to bring as much information as possible. This can include, but is certainly not limited to, bank statements, credit reports, asset verifications, and pay stubs. It may also...
Getting a Jumbo Loan Down Payment Under 20% The prospect of putting a 20% down payment toward even modest home loans can discourage many potential homeowners. Wading deeper into jumbo loan down payment territory can make a 20% down payment...
30 years or 15 years. Those are your options for a mortgage. Right? While most people are familiar with either 30 or 15-year mortgage terms, there are actually mortgages available that are based on many different lengths. 10-year, 20-year,...
You’ve been searching for a quiet, comfortable condo within walking distance from downtown San Diego. You finally find the perfect place that has all the amenities you want, the space you need, and a gorgeous view overlooking the surrounding...