Asset-utilization loans are important for a wide variety of borrowers. This article will explain the details and describe some of the reasons why you may benefit from the program. Borrowers, like people, don’t fit into
Bank statement loans can create a path to mortgage financing when other options fall short. With high loan limits, reasonable downpayment requirements, and flexible application terms, these loans are ideal for many people, especially the
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
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
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
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
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.
When you were working, calculating your income for the purposes of securing a loan was easy. But with retirement accounts, it can be slightly more complicated. However, if you understand the basic math, you can
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),
It’s a problem that many new retirees experience. You just celebrated one of the most important accomplishments of your life, you have great credit, and excellent assets; you should be a top-notch candidate for a
Chad Baker
Originating Branch Manager
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