by admindan | Aug 13, 2024 | Loan Programs, Money Tip
Do you have the income but not the down payment? This loan program will help you purchase a bigger home with less down payment. Solution: A specific lender is offering a portfolio loan program. Purchase loan parameters: 5% down to $1.5 million 720 FICO minimum Owner...
by admindan | Aug 6, 2024 | Financial Information, Money Tip
Do you know anyone considering a divorce and wanting to keep the current loan on the house? If you currently have a crazy low mortgage rate, here is a little known solution to allow a spouse to stay in the home and keep the loan. It will save you a TON of MONEY....
by admindan | Jun 12, 2024 | Financial Information, Money Tip
Are you looking to qualify for a higher purchase price, but your debt to income ratio (DTI) is too high and the lender is declining the higher loan amount? Solution: Do you have an investment account that allows you to borrower against it? If so, you can borrow...
by admindan | May 21, 2024 | Expert Advice, Financial Information, Money Tip
If you are considering purchasing a condominium, allow extra time for the mortgage lender to verify the condo complex is approved by Fannie or Freddie regulatory agencies. Reason: Condo Home Owners Associations (HOA) are required to meet strict requirements by our...
by admindan | May 14, 2024 | Loan Programs, Money Tip
Are you looking to purchase a home in the next 1-24 months? Are you also wondering if mortgage rates are going to decrease, so you can afford to purchase a home? Solution: Buy a home now with an ARM (Adjustable Rate Mortgage) loan program with a rate lower by 1%+...
