Posts Tagged ‘refinance q & a’
Most Common Mortgage Questions
After some great feedback on our last Q&A session I decided it was time for Mortgage Q&A Part #2. In todays blog post we’ll go over some of the most common mortgage questions I get asked. If you enjoyed this post and would like to see a Part #3 shoot me a message with your…
Read MorePurchasing a Condo vs. a Single-Family? Key Differences for Mortgages & Real Estate.
When it comes to buying a home, potential homeowners have a variety of options to consider. Two popular choices are condominiums (condos) and single-family homes. Each type of property comes with its own set of advantages and considerations. In this blog post, we will explore the key differences between purchasing a condo and a single-family…
Read MoreWhat is a Physician Loan?
Guide for Medical Professionals Once a thing of the past, We’re thrilled to announce that we are now offering these unique loans again. But.. what are they and how do they work? Read on below… What is a Doctor/Physician Loan? A physician loan is a specialized mortgage designed for medical professionals who are looking to…
Read MoreWhat is a DSCR Mortgage?
A DSCR or Debt Service Coverage Ratio loan is a mortgage loan in which a borrower uses the properties projected or actual cash flow to qualify, instead of their own income. A great option that is commonly used for investment properties, read more below. What is a DSCR Mortgage Loan? A DSCR loan refers to…
Read MoreWhat is a Conventional Mortgage?
A Conventional Mortgage is one of the most common loans utilized to purchase real estate, but what actually is one and how does it vary from other mortgage types? What is a Conventional Mortgage? A Conventional Mortgage is a type of home loan that is not insured or guaranteed by the federal government. It is…
Read MoreWhat Is A VA Mortgage?
If you’re a U.S. military veteran, active-duty service member, or a surviving spouse of a veteran, a VA mortgage could be the key to securing homeownership with significant benefits. But what exactly is a VA mortgage, and how does it work? In this post, we’ll explore everything you need to know about VA loans, their…
Read MoreWhat Is An FHA Mortgage?
FHA Mortgages have quite a few benefits for home buyers, but what actually is one? What is an FHA loan? An FHA loan (Federal Housing Administration loan) is a type of mortgage loan that is insured by the U.S. government through the FHA. These loans are designed to help lower-income, lower credit score and first-time…
Read MoreWhat Is An Appraisal Waiver
Appraisal Waivers save time, money & hassle for our clients but what actually is one and how does it work? What is an appraisal waiver? An appraisal waiver, also known as a Property Inspection Waiver (PIW) or Value Acceptance, is an agreement between a lender and a borrower that allows the borrower to skip the in-person…
Read MoreShould You Refinance Your Mortgage? Commonly Asked Questions.
After the first funds Rate cut of 2024, many homeowners have started to consider refinancing their mortgage to get a lower interest rate & save money each month. This has prompted us to spend a moment and answer some of the most common questions about we get asked about refinancing. 1. Why would I refinance…
Read MoreSelf-Employed Mortgage Solutions: Bank Statement Loan
Historically it has been difficult for self employed individuals to get mortgage financing, even with a robust financial profile. Between gathering income documents, tax transcripts and guessing whether you qualify with your unique income profile. We recognized this difficulty and it drove us to offer mortgage programs tailored specifically to you, featuring common sense underwriting.…
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