If you are fortunate to be on the receiving end of help with a down payment, what's your next move? After the expressions of heartfelt gratitude, it will require some strategy on your part.
Are you self-employed and looking for a mortgage or do you want to refinance an existing one? Many in this situation have found it challenging to secure a loan without the usual proof of income that most lenders require during the mortgage approval process.
They may sound similar and are often used in the same breath when talking about loans, but an interest rate and the annual percentage rate (APR) are very different even though both involve the cost of borrowing money and how much you'll end up paying your lender.
Non-QM loans are typically for borrowers with unique income-qualifying circumstances. They allow alternative income verification methods and multiple fixed and adjustable loan options.
Finding the right Real Estate Agent may take a little bit of time but it can pay off in the end. If you follow these tips above, you'll be able to find an agent that will help land your that dream home you've been looking for.
For many first-time homebuyers, buying your first home may be overwhelming and all of the costs and fees involved may be confusing. But what exactly is a Loan Origination fee?
Looking to buy or sell a home to a family member? A gift of equity can be very beneficial if you take all the right steps beforehand. Call us today!
Non-Qualified Mortgage (Non-QM) is different as it can use alternate methods of income verification to help you get approved for a mortgage loan, and it doesn't necessarily have to adhere to rules set forth by other loan options.
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 around for decades.
Coming up with enough for a down payment doesn't have to be a reason to delay the purchase of a home.
Smart Moves Start Here.