There are many assets that you can use on your loan application, including restricted stock units. If you receive this compensation from an employer, it may be a good idea to apply these funds to
For most people, using traditional income documents, such as paystubs and tax returns, is the best (and possibly the only) way to qualify for a loan. But for others, these documents are either incomplete or
For most mortgages, the income is the most important aspect of qualification and approval. The lender wants as much assurance as possible that your income reaches a certain level and that this income is likely
With a changing work environment, bank statement loans are becoming more important than ever before. People are adjusting how they work, and these changes have made the need for flexible loan approval more common. Using
In previous years, the pre-qualification letter was all sellers needed from potential buyers. This document, which is similar but different than pre-approval, would grant you access to numerous homes, allowing you to look at properties
Using assets to quality for a home loan is a common strategy for retirees. If you are at the retirement stage of your life, and want to purchase a new home (and need a loan
When the coronavirus started making its way across the United States, many industries had to change they way they do business. In the real estate industry, the massive financial uncertainty created by the national lockdown
Cross collateral loans are used by many investors and property buyers, increasing their chances of loan approval while enhancing the terms. They come with inherent risks, but “cross collateralization” also has many benefits. They may
Sometimes people have moderate or inconsistent incomes, yet need a mortgage loan that allows the purchase a world-class home. Fortunately, assets such as physical property and investment accounts can be utilized for your next purchase.
If you rent a room to a tenant, you may be able to use their monthly rent checks as qualification for your next home loan. Assuming you can demonstrate that they have lived with you
Buying a house in Illinois requires the use of escrow, and it is similar to other states that use an attorney review. A real estate attorney will be used to complete the transaction and prepare
Chad Baker
Originating Branch Manager
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858-353-8331
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