How do you know if you are ready to buy a home?

How do you know if you are ready to buy a home?

As things regress to normal on a national level, now is a great time to consider becoming a homeowner. Interest rates are historically low. The economy is stabilizing. Job security is increasing. Is this the right time to buy into the American dream? Though everyone’s...
Win a Homebuying Bidding War this Summer

Win a Homebuying Bidding War this Summer

If you are a buyer in the current housing market, you probably already know how competitive it is. The pandemic, low interest rates, and of course supply and demand are all responsible for the bidding wars. The national average number of offers on a home is currently...
Simple Access Programs: Setting Self-Employed, Investors & Independent Contractors Up for Success

Simple Access Programs: Setting Self-Employed, Investors & Independent Contractors Up for Success

When it comes to financing a home mortgage, borrowers may not always think outside the box. Conventional, FHA, VA, and USDA loans are on everyone’s radar. But not everyone fits into those boxes. Self-employed, property investors, and contractors may have good credit,...
How to Select a Mortgage Company When Buying a Home

How to Select a Mortgage Company When Buying a Home

You’re ready to buy a home. The best first step is finding a mortgage lender who can help you get prequalified and preapproved. Buying a home is an important milestone in life. It can also be a frustrating and lengthy process. For these reasons, shopping for a...
Investment Purchases on the Rise for the First Time in a Year

Investment Purchases on the Rise for the First Time in a Year

It’s a great time to be a real estate investor. According to Redfin, investor home purchases in the U.S. rose by 2.7% year over year in the first quarter, marking the first period of growth since the pandemic began in 2020. The increase follows three consecutive...
What is a Bank Statement Loan?

What is a Bank Statement Loan?

Trying to qualify for a conventional home mortgage loan when you are self-employed can prove challenging when it comes to all the income verification requirements. If you are among the estimated 14-million workers in the U.S. earning income from freelance, contract,...
Financing a Rental Property Using Future Rents

Financing a Rental Property Using Future Rents

As the number of renter households continues to grow, diversifying your financial portfolio by adding investment rental properties offers landlords many advantages, including increasing reliable cash flow, building equity faster, and potential tax benefits. Another...
Is now a good time to invest in real estate?

Is now a good time to invest in real estate?

As mortgage rates remain low and rental rates continue to rise, it’s not surprising that more and more people are thinking of buying investment property. But is now really a good time to invest in real estate? The short answer is a cautious yes. But there are several...
Home Loans for Freelancers in a Gig Economy

Home Loans for Freelancers in a Gig Economy

The number of freelancers or self-employed workers in the U.S. is steadily increasing. The freelance life is very appealing to those who want flexibility in their schedules and more control over their careers, but the choice to be your own ‘CEO’ can complicate getting...
Luxury Mortgage Corp honored with Net Promoter Score® of 95.68

Luxury Mortgage Corp honored with Net Promoter Score® of 95.68

At Luxury Mortgage we are committed to delivering an excellent customer experience, and let that focus drive decision making throughout our organization. This week we were thrilled to see that these efforts are making a difference for our clients, as we have earned a...