A Brief History in Time Mortgage lending has made some dramatic changes over the past few years and when you include the period beginning in 2000, there have some rather wild swings regarding loan approvals. Mortgage lenders often change lending guidelines...
Only recently have home values recovered their earlier losses that occurred during the housing debacle of the last decade. Today, we’re still feeling the effects of the loose lending standards that caught too many in a bad situation but as...
You’ve likely noticed the emergence of cable TV shows that feature buying “fixer uppers” over the past few years. There is also no shortage of real estate “gurus” that travel from city to city holding real estate investment seminars showing...
Financing a home after experiencing a short sale or a foreclosure can be a daunting process yet not impossible. However without proper guidance, potential buyers can be disappointed when their loan application is turned down, not necessarily because of...
It’s not common, but yes, there are scenarios that allow VA borrowers to have two or more VA loans active at the same time. The typical situation is when a VA homeowner has been reassigned to a new duty...
The most common use of a Reverse Mortgage, also know as a Home Equity Conversion Mortgage (HECM), is to convert part of an existing home’s equity into cash. And for many eligible seniors 62 and older, a Reverse Mortgage is...
Another area that we're starting to see lenders expand their offerings is programs for borrowers who have had a short-sale within the past 4 years. The interest rates on these loans however are usually in the high 6’s and even...
HOME POINT Financial is excited to announce a brand new Stated Income Verified Asset program for 2015 with loan amounts up to $2 million for qualified borrowers for home purchase, refinance, and cash-out transactions. Below is a brief discussion of...
What is a Non-Qualified Mortgage (Non-QM) and how does it help Southern California homeowners? First, a brief history on what makes a mortgage loan product a "QM", or “Qualified Mortgage.” The Consumer Financial Protection Bureau (CFPB) is an independent agency...