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...
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.
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...
Homeownership is one of the pillars of American prosperity, bringing financial stability to individuals families. But when it’s approached recklessly and irresponsibly, it can be a burden. To help reduce financial risk to both borrowers and lenders, many loans are...
Choosing a loan can be difficult. With so many programs and options, knowing which one is right for your needs is confusing, overwhelming you to the point of frustration. But there is a right loan for you.  While every person...
When qualifying for a loan, it helps to use as much of your income as possible. If you’re retired, this creates challenges, as you likely receive limited incomes from multiple sources, such as a 401(k), IRA, or mutual fund...