As mentioned in our recent blog about Home Loans for Self-Employed People, there are millions of individuals who may be able to purchase a home but have non-traditional incomes and don’t have the traditional income documentation required for qualified mortgage loans.
The housing market is an ever-changing entity and what was the right loan program for you when you first purchased may not be the ideal scenario for you now.
When you are about to make the largest purchase of your life, you need someone who will not only find you a competitive rate, but who understands your needs.
How to Win Millennial Homebuying Business Technology is changing the world we live in. The way people think about buying a home and getting a mortgage is rapidly evolving. And with every change comes a new way of doing business for both the Loan Originator and the Real Estate Agent.
Timothy Delmundo has been a New American Funding team member for four years. He works as a Loan Officer (NMLS #1169101) in the Riverside, California, branch.
Are you thinking about buying a home but the idea of paying a monthly premium for mortgage insurance doesn’t exactly excite you? Or are you currently a homeowner looking to get rid of your monthly MI expense?
Like any economic trends, predicting where they might go is an imprecise science. We can make educated guesses, but the biggest moves often catch us by surprise. That being said, let’s look at housing-industry trends we expect to see in the coming year.
The “gig economy” has become exponentially more widespread. And it’s not just those who are supplementing their full-time income as Lyft drivers or doing Postmates deliveries. Self-employed people have kept the world going ’round for decades.
An irony of the times is that in this age of automated mortgage application platforms, Loan Officers are increasingly dependent on online c reviews and client recommendations for new business prospects.
Housing prices continue to rise, giving current homeowners large chunks of equity they may not have had access to before. With services such as Airbnb and VRBO more popular than ever, many homeowners are testing the waters in the realm of real estate investment.