Building equity in your home is like growing a money tree right in your backyard. Here’s how you can do it without getting too tangled up in the weeds. First, think big on your down payment. If you can swing it, putting down more money upfront is like giving your equity a supercharged start. Most… Continue reading BUILD WEALTH FASTER BY UNLOCKING THE SECRETS TO GROWING YOUR HOME EQUITY
Tag: VA Loan
AB 1033, Sell your ADU on your property?
Now you can sell your ADU on your property? WOW, how in the world is this going to work, and will this really make sense? I did some research on this TOPIC and this will start happening January 1st of 2024 but it seems that no one really knows exactly how this is going to… Continue reading AB 1033, Sell your ADU on your property?
KNOCK! KNOCK! Who’s there? Home Loans, that’s who!
How we are helping clients WIN with mortgages in 2023. Here is an overview of what is going on with 1-to-4-unit residential products TODAY. Rates are high but transactions still must get done, Purchase or refinance transactions are always closing. Keep in mind that depending on the scenario and where you live, not everyone is… Continue reading KNOCK! KNOCK! Who’s there? Home Loans, that’s who!
Why we need small banks and the important role they play
A few years ago when the world shut down and every small business was running to their banks to get their PPP loan, customers soon realized their BIG bank was not really there to help and they were forced to look elsewhere. Many of them went to small local banks or an online channel to… Continue reading Why we need small banks and the important role they play
12 Months Seasoning for CASHOUT 1 to 4 unit Refinances
Fannie and Freddie are NOW going to require a 12-month seasoning to do a cash-out refinance for even owner-occupied properties starting in early 2023. I would NOT be shocked if other portfolio or NON-QM options follow these guidelines in the near future. Yes, there will be other options if you need a cash-out to refinance… Continue reading 12 Months Seasoning for CASHOUT 1 to 4 unit Refinances
Residential lending standards 80% better than 2008
Residential lending standards have come a LONG way since the 2008 GREAT recession. It is much harder to qualify for a mortgage today than it was before the 2008 recession. Today 95% + of loans qualify show income in the form of tax returns, w-2, retirement income, and reported self-employed income. There are alternatives to… Continue reading Residential lending standards 80% better than 2008
Veteran Loan Options
If you’re a veteran, you can access more loan options than a typical citizen. While active and retired service members can access traditional loan products, they also get some outstanding benefits with Veteran Affair-backed loans.
Different Types of VA Loan Products
Did you know that there is more than one type of VA loan product? Many borrowers don’t. VA loans come in many different shapes and sizes, and there could be one that is perfect for your home purchase. Let’s run through what you need to know.
What Are VA Loan Requirements?
When individuals serve in the US military, they receive benefits from Veteran Affairs beyond their paycheck or pension. One of the excellent benefits is access to home loan products that the Department of Veteran Affairs guarantees, commonly known as VA loans. VA loans make it easier for qualifying current and retired service members to purchase… Continue reading What Are VA Loan Requirements?
Benefits of a VA Loan for an Investment Property
If you’re a military service member or veteran, did you know that there is a way for you to start investing in real estate with no down payment? Ambitious service members can utilize their VA benefits to access VA home loans that offer 100% financing. VA loans are finance products designed to make it easier… Continue reading Benefits of a VA Loan for an Investment Property