by luxretail | Jan 18, 2021 | Home Buying, Self Employed
Finding a jumbo loan when you’re self-employed can seem like a challenge. But once you find a qualified lender who is willing to work with your unique situation, and offers products that make sense for your financial scenario, the process isn’t much more complicated...
by luxretail | Jan 12, 2021 | Home Buying
When buying a home, don’t feel like you have to do everything on your own. Enlisting the help of qualified real estate and mortgage professionals can make the process go a whole lot smoother and help you find the home and financing program that works best for your...
by luxretail | Jan 4, 2021 | Home Buying
Buying a home usually requires getting a mortgage, and the first step in getting a mortgage is getting prequalified. Getting prequalified to buy a home is pretty quick and simple, plus most lenders can prequalify you within 24 hours. That being said, getting...
by luxretail | Dec 29, 2020 | Home Buying
Although the housing market has made impressive strides, the difficulties that have hit Americans in 2020 have made it tough for a lot of people to afford the costs of buying a home. Even if a buyer can afford a monthly mortgage payment, they may have difficulty...
by luxretail | Dec 19, 2020 | Home Buying
Although every home buyer may have a different scenario, most mortgages follow a basic fundamental process. If you’ve never gotten a mortgage before, or if it has been a long time since you’ve navigated the process, here’s what you can expect during the mortgage...
by luxretail | Dec 10, 2020 | Refinancing
As a homeowner, sometimes you need a little extra cash for unexpected expenses. Whether it be home-related costs like repairs or remodeling, paying off other debts like student loans or credit card balances, or putting the cash toward another investment, there are a...
by luxretail | Dec 8, 2020 | Home Buying
Thinking of buying a condo? One of the factors that could affect your home financing choice is whether or not the condo is warrantable. But how do you know if a condo is warrantable or non-warrantable? Today we’ll delve into the differences between warrantable and...
by luxretail | Nov 23, 2020 | Refinancing
Refinancing is on the rise right now, with ultra-low mortgage rates tempting homeowners to apply for new loans on their balances, with a new, more affordable pricing. Despite the lower interest rates, refinancing doesn’t always save you money right out of the gate....
by luxretail | Nov 15, 2020 | Home Buying
When applying for a conventional mortgage, your lender will want to get a complete picture of your financial qualifications. This usually includes your debt-to-income ratio, or DTI ratio. Today we’ll talk about how your DTI is calculated and how it can influence your...
by luxretail | Nov 10, 2020 | Home Buying, Refinancing
Getting a jumbo mortgage during a pandemic can be a little challenging. Jumbo loans, also known as non-conforming mortgages, are loans priced beyond the lending limits imposed by the government. Since jumbo loans do not conform to these limits, they are unable to be...
