Income Archives - San Diego Purchase and Refinance Loans

by Chad Baker April 26, 2022

Borrower Profiles: Best Candidates for a Bank Statement Loan

At San Diego Purchase Loans, we take pride in creating home-financing options for a wide-variety of borrowers and aspiring homeowners. To meet this goal, we provide a selection of high-quality mortgages that create access to affordable mortgages. Bank statement loans…

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…

Frequently Asked Questions About the HomeReady Program

by Chad Baker February 24, 2022 0Comments

Homeownership can be difficult. Simply obtaining a mortgage, which requires a strong income, sizable downpayment, and decent credit score, can be challenging. Realizing that many low-income people struggle to reach mortgage approval, Fannie Mae, a government-supported company, created the HomeReady…

How “Conditional Approval” Can Make You a More Competitive Homebuyer

by Chad Baker February 11, 2022 0Comments

When you go through the mortgage process, there are many steps involved. As we have discussed in previous blog articles, you’ll need to complete steps such as pre-qualification and pre-approval . But there is also a step, one less known than…

How Restricted Stocks Can Improve Your Mortgage Potential

by Chad Baker December 21, 2021 0Comments

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 your loan. Using Restricted Stock…

Family Opportunity Mortgage vs Investment Loans: Choosing the Right Option for Your Purchase

by Chad Baker August 19, 2021 0Comments

In this article, we'll look at the various differences for a Family Opportunity Mortgage vs investment loans. Many Americans have considered purchasing a home for a loved one. Whether they need safe housing for a parent or an affordable home for a…

Simple Tricks to Reach VA Loan Approval

by Chad Baker August 12, 2021 0Comments

The VA loan is one of the best mortgage options in the industry. While it’s only available to qualifying veterans, VA loan approval allows future homeowners to make the purchase with easier qualification requirements and a low downpayment. Compared to other loans,…

If You Have Student Debt, These FHA Qualification Changes Effect You!

by Chad Baker July 29, 2021 0Comments

Thanks to recent changes, FHA loans with student debt are going to be more accessible to many borrowers. The amount of debt you owe every month is vastly important to lenders. Obviously, they want to know how much you make every month. But…

Mortgage Myth: A VA Loan Co-Borrower Doesn’t Have to be a Spouse

by Chad Baker May 4, 2021 0Comments

VA loans have some of the most generous terms available in the entire mortgage industry. For qualifying veterans, these loans represent an excellent opportunity to secure an affordable mortgage with a small downpayment; in some cases veterans can even purchase a home…

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…

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