A Jumbo Home Loan is classified as any loan amount that exceeds the county high balance loan limit under which the transaction will occur. Jumbo loans will represent the most stringent loan product type qualification. Banks that make Jumbo...
The mortgage meltdown fueled by irresponsible lending practices created a nationwide banking emergency that sent the country into a recession late December 2007- June of 2009. Here is everyone on how this presidential election impact home loans. In the midst...
If you’re a regular follower of financial news and the real estate market in particular, you’ve probably noticed that it’s taken almost a decade for home values to finally return to their pre-Great Recession highs of 2007. It’s also...
One of the biggest challenge for self employed individuals in the process of purchasing or refinancing a home is the documentation of income. Over 90% of mortgage transactions are underwritten using a traditional income analysis in which a mortgage bank...
HERO (Home Energy Retrofit Opportunity) is a program that is part of the statewide PACE (Property Assessed Clean Energy) effort. PACE was established in California in 2001 and was used as a blueprint for at least 30 other states....
The most popular way to use a Bridge Loan or a Listing Loan is in a purchase transaction when a buyer would otherwise be forced to make a contingent offer. Some reasons for a contingent offer may include, but...
If you are a new or established medical practitioner this program is for you! Qualifying for a home loan can be difficult when you have enormous student loan related debt on your credit report, but this product will give...
This subject will require a detailed response to give you a clear picture of all the ins and outs of restricted stock unit (RSU) use on a loan application, but the short answer is, yes! Under certain circumstances, you...
There comes a time when it’s time to move. Whether you’re staying in the same neighborhood or you’re moving several zip codes away, what to do with your home is an important consideration. Many simply don’t give it much...
Since first being introduced back in 1944 the Department of Veterans Affairs has helped millions buy and finance their home with a VA mortgage. Lending guidelines established by the VA allow lenders to underwrite and approve a VA loan...