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There have been some gradual rumblings in the mortgage industry but the released data seems a bit too small to make any news by itself. For example, at the most recent round of FOMC meetings last December, the Fed...
Okay, we admit it. The mortgage industry certainly has more than its fair share of acronyms such as CAIVRS. In addition to using our own language it seems during the mortgage process we also employ these shortened versions of...
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...
Mortgages can be complicated, with lots of confusing terms and acronyms that seem like they come from another language. But you don’t need to be a real estate agent or a lending professional to speak the language of mortgages....
If you are looking to purchase a manufactured home as your residence, you have many options available. Understanding the different organizations, as well as the eligibility requirements, can help you get the right loan for your specific needs. In the...
As of December of 2015 one of the most innovative loan programs to come around in a long time was introduced to help those who may have trouble buying a home due to down payment and closing cost issues...

Jumbo Reverse

For homeowners that are 62 or older, they’ve had access to the Home Equity Conversion Mortgage, or HECM. The HECM turns some of the current equity in the home into cash payable directly to the owners of the property....
For most homebuyers across the country, a conventional loan is enough for their purchase. However, in high-market areas like San Diego, large sums of money are needed to purchase even a moderate home. After all, a million-dollar home in...
With home prices on the rise, especially in markets like New York and San Francisco, it’s common for mortgage loan amounts to exceed the conforming and high balance conforming loan limits as set by regulation. These loan limits often...
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 it is a big...