Cash reserves Archives - San Diego Purchase and Refinance Loans

by Chad Baker March 11, 2022

What are the Reserve Requirements for Jumbo Loans?

Cash reserves are just one of the factors that are considered when a lender or lending professional reviews your application. They generally don’t come into play for conforming mortgages (loans under a certain amount), which make up the vast majority…

Bank Statement for Refinance: How to Refinance When Self-Employed

by Chad Baker March 2, 2022 0Comments

You can refinance when self-employed. This article will provide a few basic tips and suggest certain options for refinancing. Refinancing when you’re self-employed can be challenging. Not impossible by any means, just more complicated, extensive, and time consuming. Compared to a typical refinance…

La Jolla Coast View (San Diego, California)

Get Up to $1.75 Million in Financing with only 3.5% Down!

by Chad Baker December 30, 2021 0Comments

San Diego is a wonderful city; a great place to live. But, quite frankly, it's expensive. Houses in particular can be high cost. For this reason, many turn to jumbo loans in San Diego to make their home purchase. We…

Everything You Need to Know About USDA Loans

by Chad Baker September 28, 2021 0Comments

If you think of the USDA, you probably imagine grocery-store steaks and broad agricultural policy. But what about home loans? The United States Department of Agriculture ( USDA), in an effort to sustain and revive rural America, has been supporting…

Span the Gap from One Loan to Another with a Bridge Loan

by Chad Baker July 8, 2021 0Comments

If you are purchasing a new home, but can’t afford to carry two mortgages as you sell your existing property, bridge loans could provide the perfect solution. Bridge Loans: Spanning the Financial Gap from Old Home to New Sometimes called…

The Differences Between Buying a Second Home and an Investment Property

by Chad Baker February 11, 2021 0Comments

While they share similarities, there are clear differences between buying a second home and purchasing an investment property. A second home is simply an additional property that you can use as needed; either for enjoyment, family purposes, or professional reasons.…

The Difference Between Loans for Investment Properties and Home Loans

by Chad Baker December 29, 2020 0Comments

Mortgage loans for personal property are fairly common, and most people understand the purpose and basic details behind this financing. Loans for investment property, on the other hand, are a little different. Fewer people use them, which means fewer people…

Minimum Down Jumbo Loans: How to Use this Helpful Financing

by Chad Baker April 1, 2020 0Comments

Jumbo loans have a higher level of risk than many other loan products. To compensate for this risk, many lenders require a larger downpayment, as high as 20% or more, which, on a jumbo loan, can equal hundreds of thousands of dollars.…

Jumbo Loan Myths and the Reality Behind these Loans

by Chad Baker February 10, 2020 0Comments

In an industry full of misconceptions, misinformation, and misinterpretations, jumbo loans might be the most misunderstood mortgage of all. These loans, which are by definition larger than the limits set by conventional loans, can vary widely from lender to lender, leading to…

Use These Simple Tips to Secure Your Bank Statement Mortgage

by Chad Baker July 16, 2019 0Comments

If you are self employed, or if you work on a commission-based salary, you must understand the benefits of bank statement loans. Traditional loans require paystubs and tax returns to verify income, but many professionals work in careers that make using these…

Closing Under an LLC? Don’t Forget these Important Documents!

by Chad Baker April 19, 2019 0Comments

Securing a mortgage loan under an LLC brings many advantages. But while most people understand how to obtain a personal mortgage loan, few borrowers know the process for an LLC. The process, while similar, is slightly different, but it all…

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