Generating all the funds you need for mortgage down payments and reserve requirements can be difficult. Equaling thousands of dollars, and in some cases tens of thousands, this can be a significant burden for many people. If you are...
Everyone knows about down payments for purchasing a home, but many don’t understand, or have never heard of, reserve requirements. Every time a lender or bank makes a loan, they assume a certain degree of risk, and the industry...
Jumbo loans often require a large down payment, sometimes as high as 20% just to qualify for the financing. Unfortunately, this creates a massive hurdle for many would-be buyers, but San Diego Purchase Loans can help. By offering jumbo...
Buying a home is an important milestone for many people. Along with buying a first car, graduating college, and even getting married, people often reflect on the purchase of their first home as memorable moment. But while it should be...
It’s just an inescapable fact for loans on investment properties: the interest rates tend to be higher. This is simply because an investment property, for obvious reasons, has a higher chance of foreclosure than a primary residence. While the...
Jumbo loans are any loans that are higher than the allowable limit set by the Fannie Mae and Freddie Mac, which use the FHFA as their guide. Essentially, if you need to borrow a significant amount (more on specific...
Most people who need a mortgage loan can verify their income easily. They simply use their regular paystub, which usually comes every other week, proving to the lender that they make a certain amount.
The FHA is one of the most important government organizations in the real-estate industry. Many homeowners count on FHA loans, and we receive lots of questions about this type of financing. To help create better-informed borrowers, this is the...
FHA loans are important options for many borrowers. We often receive questions on these loans, so we’d like to share some of the top questions to help you stay fully informed on your borrowing options. FHA FAQ Part 1:...
By using a different form of information to verify a borrower’s income, bank-statement loans make mortgages available to many people who might otherwise struggle with financing. If you have a unique career, or simply want to improve the terms...