Mortgage Industry News and Events

California Alternative Document Mortgages

For many years, buying a home has been difficult for small business owners, contractors, and the self-employed. If you own a small business or you’re one of the many self-employed and gig economy workers in California, take heart: we know you’re out there—and we offer the alternative document [...]

Applications for Non-Conforming Loans Surge

Among main mortgage products, only applications of “non-conforming loans” increased on a quarterly basis in the third quarter of 2018, according to a new ranking and analysis by “Inside Non-conforming Markets.” The sector includes non-qualified mortgages, non-prime loans, mortgages with alternative documentation and any other non-jumbo mortgages not eligible [...]

Reverse Mortgages Have Surged in Popularity

Why Reverse Mortgages Have Surged in Popularity: 1. 90% of Seniors want to age in their own home 2. 83% of Americans have not saved enough for retirement 3. People are living longer/outliving their money 4. Consumers are becoming educated to improvements to the Reverse Mortgage program 5. [...]

Creative Financing Programs for Self-Employed and Investors

The fastest growing sector in mortgage financing this year has been creative alternative & niche programs. This has been a boon for self-employed borrowers who traditionally have had difficulty qualifying with traditional methods. Here’s a sample of some of the easy options: Qualify on Assets, Not [...]

Student Loans? You can still qualify for a home mortgage!

If you have student loans, you can still qualify for a home mortgage! Have you been putting off buying a home because of your student loans? You no longer have to. Recent changes in the way mortgage companies treat student loan debt have made it much [...]

Getting a Mortgage After Bankruptcy or Foreclosure

Had a bankruptcy or foreclosure? We have some good news: The Federal Housing Administration (FHA), Fannie Mae and Freddie Mac have all recently announced they were shortening the mandatory waiting period for qualifying for a home loan down to two years after a bankruptcy discharge or foreclosure. [...]

5 Quick Tips For Improving Your Credit Score

The better your credit, the better the mortgage you can qualify for. The most attractive loan programs have minimum credit scores, and your credit score will probably determine your interest rate - affecting your monthly payment substantially. The difference between excellent credit and fair credit can [...]

The Good News About Rising Rates

While we’ve had many false starts of rising rates over the past few years, this time it looks for real. In the past few months, mortgage rates have risen about one-half percent. That’s not much and it’s still well below historical averages. The Fed expects to [...]

Is a Reverse Mortgage Right for You?

If you are 62 years of age or older and own a property that is used as your primary residence, you could qualify for these benefits of a Reverse Mortgage: Minimal income restriction: A reverse mortgage is based primarily on your age and the value of [...]

Myths and Misconceptions about Reverse Mortgage Loans

The Reverse Mortgage Program is perhaps the most misunderstood mortgage program. While the program is not for everyone, many seniors realize the benefits once the program is properly explained. Hopefully this following will dispel some of the myths surrounding this program. Myth #1: The lender will take [...]

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