Stated income home loans are now a thing of the past as Fannie Mae and Freddie Mac suffer with more defaults. Now consumers must qualify with full documentation and won’t be able to qualify due to debt to income ratios. This will affect over 70% of California and Florida homeowners needing to refinance their adjustable [...]
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It wasn’t so long ago that it felt like anyone who wanted to have the money that they would need for a home. Homes were flying off of the market, and just about everyone was getting into it. However, with the downturn of the economy and with other problems, the amount of people who are [...]
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If you’re a senior 62 years or older with equity in your home, you can supplement your retirement with a reverse mortgage.
This is basically where the lender pays the borrower instead of the borrower paying the mortgage to the lender.
You may be wondering how this works. Basically the lender will pay you either a lump [...]
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Well today I want to speak about how companies in the mortgage industry do their marketing and lead generation. This is an art because of course their main job is to find new clients to be able to give a real estate loan. Mortgage companies can make good money for each person or family who [...]
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US banks and several private financial institutions, such as mortgage companies, have funds allotted for US veterans for home loan purposes. The Veterans Administration (VA) guarantees these funds for the benefit of those who serve the country in the Armed Forces. Lenders give out such loans knowing that the VA is there to provide guarantee [...]
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New homes UK seem to be the buzz word for first-time buyers as new homes are the ones that are offered on attractive deals and are also the one that tend to go fast. Buying a new home seems like a good option especially if people are not too keen to work on a house [...]
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