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,...
Getting a Mortgage Without Salaried Income

Getting a Mortgage Without Salaried Income

Working a job that pays hourly, or through contract employment, can sometimes limit your options when it comes to finding a home loan. Fortunately, today’s mortgage marketplace is evolving to meet the needs of today’s diverse workforce. When you don’t have salaried...
Loans for Non-Warrantable Condos – We Can Help

Loans for Non-Warrantable Condos – We Can Help

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...
How Debt to Income Impacts a Borrower’s Ability to Qualify for a Mortgage

How Debt to Income Impacts a Borrower’s Ability to Qualify for a Mortgage

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...
Are Stated Income Loans Still Available?

Are Stated Income Loans Still Available?

Looking for a stated income loan to finance a home purchase? Although they still exist, they’re harder to find in the post-recession market. And for those who do find them, there may be a better alternative. What are Stated Income Loans? For hopeful home buyers who...