fbpx
An Arm’s Length Transaction refers to a real estate purchase transaction in which both the buyer and seller are conducting business from an equal bargaining position, with neither party having any control or influence over the other.  In contrast,...
What is a Non-Qualified Mortgage (Non-QM) and how does it help Southern California homeowners? First, a brief history on what makes a mortgage loan product a "QM", or “Qualified Mortgage.” The Consumer Financial Protection Bureau (CFPB) is an independent agency...
The great American Dream of homeownership is still alive and well in 2015, and it isn’t reserved exclusively for US Citizens! Here’s a brief summary of Home Point Financial's Foreign National & Nonpermanent Resident Alien Home Loan Program guidelines - updated...
Condominium loans are unlike loans for single family residences. The biggest difference is that not only are the qualifications (income calculations, credit history, and down-payment capabilities) of the borrower taken into consideration, but so are the qualifications of the...
The majority of mortgage banks require a minimum down payment of 20% for any loan that is determined a Jumbo Loan. In San Diego County a Jumbo loan is considered any loan amount that is over $546,250.00. There are...
Only recently have home values recovered their earlier losses that occurred during the housing debacle of the last decade. Today, we’re still feeling the effects of the loose lending standards that caught too many in a bad situation but as...
Buying a home is, for the vast majority of people, the most expensive purchase of their lives. That is true today just as it was 50 or even 100 years ago. In the overall American real estate market, prices...
The home loan process can be a challenging experience for the self employed borrower looking to purchase or refinance a home. Much of the confusion can be attributed to the calculation and documentation of income that a mortgage bank...
The decision to purchase a new home is a personal choice; there is no template that can tell all people whether or not they should move. But there are signs. If you are thinking about moving, but aren’t sure...
Residential loans are often made to individuals and couples, helping them secure property to improve their lives and financial standing. However, residential loans can also be made to business entities. These loans help businesses gain operational advantages, and can...