Resources and News

Rent vs. Purchase: Making the Right Decision in Today's Market  One of the significant financial decisions individuals' faces is whether to rent or purchase a property. In today's market, where real estate dynamics can be complex and varied, it's crucial to carefully evaluate the advantages and disadvantages of both options....

No Income Investment DSCR Cash Out RefinanceThe no income investment DSCR cash out refinance is a way to qualify for a mortgage without personal income and is based on the cash flow of the property. This debt-service coverage ratio is calculated using the following equation:Rent / (Principal and Interest (P&I)...

15 to 30 Year VA Cash Out Loan Up To 100% LTVVA cash out guidelines vary when it comes to the lender, and some have a VA cash out loan-to-value (LTV) limit. If a lender will only go up to 90% LTV, they may have an VA overlay, which is...

Cash Out Condotel Refinance Loan, Rate & Term, & Purchase It is very common for a lender to think they can finance a condotel unit and deny the loan. People often end up paying cash to purchase a condotel unit with hope they can do a cash out condotel refinance...

3 Month Bank Statement Mortgage for Self-Employed BorrowersAre you looking for a 3 month bank statement mortgage? Qualifying for traditional loans can be a hurdle for the self-employed because underwriters start by calculating income based off taxable income. Eligible mortgage options include:Purchases.Cash out refinances.Rate and term refinances.The 3 month bank...

Is there Still a No Doc Mortgage in 2022? Looking for a loan program that does not require income for all occupancy types? The main qualifying factor for this loan program is being able to show enough liquid assets. Lenders often refer to the no income document mortgage as: An...

Low Down Payment Jumbo Loans with No Mortgage Insurance Looking for low down payment jumbo loans with no mortgage insurance with as little as 3.5% down? Most lenders require a minimum of 10% down, but the new no mortgage insurance jumbo loan down payment is: 3.5% down up to a...

Home Loan Without Income Documents - No Ratio & DSCR Looking for a home loan without income documents? Over the past few years, terms for the no ratio and debt-coverage ratio mortgage have come a long way. What is the home loan without income documentation? The debt-coverage ratio mortgage allows...

Mortgages: Financing Condotels through Non-QM Lending Financing condotels can be difficult because not many lenders will close on a condotel unit. Whether you are looking for a luxury condotel unit as a vacation spot, primary residence, or as a real estate investor, financing is made available through non-qualified mortgage lending....

Manually Underwritten - VA Loan Underwriting Guidelines The loan process for a VA manually underwritten loan is like an Automated Underwriting System approved loan but may require more paperwork and documentation. The difference with VA refer eligible findings is the fact that the lender will take a closer look at...