Buying and financing a condo unit is not all that different compared to financing any other type of residential property. Mortgage lenders must still evaluate the loan application and determine the buyers have the ability
To the casual observer, it probably makes very little difference if a loan is “QM” or “non-QM.” And unless you’re in the mortgage business you probably have no idea what the designation actually means. But
When looking at the entire mortgage marketplace, only a very few loans are issued to foreign nationals. Yet for someone needing financing for a foreign national it can be difficult to find a home
If you haven’t been referred to a mortgage lender by your real estate agent, coworker or a friend and you’re getting ready to either refinance your mortgage or finance a new purchase, no doubt you’re
As lenders are required by regulations set forth by the Consumer Financial Protection Bureau, or CFPB, to make sure a borrower can afford the new monthly mortgage payment. Plus a monthly installment amount for property
Did you do some research on your own to find out what the minimum credit score might be for an FHA loan? Or any other type of mortgage for that matter?The issue is lender
It’s quite possible you’ve heard of this term but not truly understand what it means. But to understand its meaning perhaps it’s easier to first get clear on what a non-arm’s length transaction is. It’s a
On its face, getting a home loan application approved is pretty basic fare. All lenders who issue mortgages all follow the same general lending guidelines issued by mortgage giants. The mortgage giants include Fannie Mae
Property values over the past decade have really been on a roller coaster ride. Around the middle of the last decade, lenders invented new home equity mortgage programs to try and reach as many potential
Banks and credit unions make money the old fashioned way- they lend money and charge interest, something that has been going on since the invention of currency. For an automobile loan or a credit card,
Sometimes you just need a little help. Sometimes achieving a goal or reaching a milestone just can’t quite be fully accomplished without the benevolent aid of others. It might sound odd at first but that
Chad Baker
Originating Branch Manager
NMLS #329451
858-353-8331
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