For those not familiar with the term “reverse mortgage” they’re not alone. And even for those that have heard the term used it’s still a bit counterintuitive. Officially it’s called the Home Equity Conversion Mortgage, or HECM (heck-um) and is...
A 20% downpayment can be difficult for many people. But there is an option available for some borrowers: the piggyback loan. How Piggyback Loans Can Be Your Solution to a Downpayment What is a Piggyback Loan? A piggyback loan is a...
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...
One of the most important factors when seeking a loan is your debt-to-income ratio. Whether it’s car loans, mortgages, or business loans, lenders want to see a healthy ratio with less debt and more income. In most cases, the...
If you ask someone how much money they make in a week (which, we admit, would be extremely rude!) most could give you a specific number. But many people would say, “that depends on the week.” Self-employed and commission-based sales...
No matter what type of property you need, a low-downpayment mortgage is a great option. Allowing you to enter into home ownership with less initial funding, this program also allows for the purchase many different properties. Top 6 Types of...
Avoiding Real Estate Contingencies Let’s face it, buying or selling a home is a stressful experience for most people. This is why we want to make the process as quick and painless as possible for you. However, real-estate transactions...
If you want to purchase a single parcel of land, the process is fairly simple. There is a clearly-defined, well-understood system for purchasing a single piece of property. Whether that property is for personal use, development, or commercial gain,...
Getting a home loan involves multiple parties and a lot of moving parts. Your mortgage lender is the one that keeps all these parts moving in the right direction and at the right time. Your loan application will be...
Mortgage insurance can be expensive, and many people try to bypass this financial burden by bringing a large down payment. However, this creates new complication and can actually increase your interest rates. If you are making a large purchase and...