$500K HELOC, for Self-Employed Borrowers Based on Bank Statements

by admindan | Jul 2, 2024 | Financial Information, Money Tip

Are you looking for up to $500k in cash-out using a HELOC (Home Equity Line of Credit) and do not show enough income on your tax returns to qualify for the loan? Great news, a new loan program is available for self-employed borrowers: $500k maximum HELOC or $600k...

Shopping for a Mortgage Loan, Saving YOU Money

by admindan | Jun 25, 2024 | Financial Information, Money Tip

Buying a home is not easy. Saving money on a loan is usually not easy. According to a recent study: 54% of home buyers did NOT shop more than one lender for a mortgage loan. BEST news, 45% of homebuyers with a mortgage who shopped around got a lower offer than their...

3.99% HELOC, 1st year, How to Save Money!! Best 2nd Mortgage Loan

by admindan | Apr 23, 2024 | Loan Programs, Money Tip

Do you want to save a TON of MONEY with a Home Equity Line of Credit by consolidating credit card debt or using the $$ for a home improvement project? Solution: HELOC with 12-month teaser rate, currently at 3.99%: $1 million maximum loan amount to 70% CLTV 90% CLTV...

The Direction of Mortgage Interest Rates, Higher? Lower? Flat?

by admindan | Dec 5, 2023 | Financial Information, Money Tip

Are you wondering about the direction of mortgage interest rates and how they will influence your future home purchase or current home loan? Borrowers are consistently asking about my expectations. I’ve been working in mortgage lending 35+ years. My career was built...

You’re Right, It’s All About YOUR Needs on Mortgage Loan Programs & Rates

by admindan | Nov 28, 2023 | Expert Advice, Loan Programs, Money Tip

Today, people have so many options of news sources, financial info from advisors, accountants, family, friends, future expectations of the direction of interest rates, values, etc. We all have very different needs. For a mortgage loan, there are so many options: fixed...