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...
Bank Statement Loan vs Full Doc

Bank Statement Loan vs Full Doc

If you’re planning to buy a home and are exploring alternative options to traditional  financing, you may have come across something called a bank statement loan. These loans can be very appealing to some borrowers, especially those who may be unable to qualify for a...
Home Loans for Entrepreneurs

Home Loans for Entrepreneurs

Being an entrepreneur means creating a living with the knowledge and expertise to calculate risks, and hopefully build a successful business. It’s no easy feat, and often comes with unique challenges when it comes to securing financing. For business owners and...
Home Loan Programs Designed for Business Owners

Home Loan Programs Designed for Business Owners

If you own your own business, you understand the unique rewards and challenges that come with the territory. At Luxury Mortgage, we do too. That’s why we’re pleased to offer a selection of home loan options that are well-suited for business owners and self-employed...