Lending / Financial
Buying real estate is even more challenging for those of us whose eyes glaze over at the mere mention of decimals, percentages or anything else that even hints of mathematics.
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Trending blogs on Lending / Financial
Mortgage Rate Update For March 2019:Conforming and FHA mortgage rates are at their lows for 2019. In addition to that they are at a level not seen in over 12 months as both the Mortgage Backed Securities Market and Treasury bond market continue to rally. As we move further into the month many ind...
CLICK HERE to learn more: Keller Mortgage - Save Thousands I have always advised buyers to shop around when it comes to selecting a lender with whom to work. I still do. Keller Mortgage will be tough to beat though! Available to buyers working with a Keller Williams agent OR to buyers of a Ke...
2 different HELOC sources (with no income Verification) ALL FICOs !
(RT Capital Advisors, Inc. CEO)
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Home Equity Line of Credit (#HELOC) No Income Verified Verified Assets (NIVA) or Stated Income Stated Assets (SISA) Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 2-4's and Condos. 600+ FICO needed. Over 700 FICO, first 6 months starting at 3.88%. Loan amounts from $150,000 - $5,...
State your Income according to your profession, Verify assets (3 mos)
(RT Capital Advisors, Inc. CEO)
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Stated Income, Verified Asset - Purchase or Refinance Loans Fix and Flip or Long Term Hold - Loan Amounts to $2,000,000. Commercial or Residential Loans for Non-Owner and Investment properties up to 75% LTV. Terms: 3 and 8 yr ARMs fixed then adjustable for remainder of 30 years. 1 yr FIX and Fli...
Private Commercial Loan Programs are available and of various loan terms from bridge financing to longer term notes, fixed and adjustable rates, with interest-only payment options for owner-occupied and investment properties. These programs need full documentation but the underwriting process is ...
How much do I need for a down payment?The national average for down payments is 11%. But that figure includes first time and repeat buyers. Let’s take a closer look.While the broad down payment average is 11%, first time homebuyers usually only put down 3 to 5% on a home. That’s because several f...
Mortgage Approval After Your Bankruptcy St. Louis, Kansas City Springfield, Columbia and Missouri You Are Not Alone I recall the feelings that ran through me when I felt compelled to file for a Chapter 7 bankruptcy, I felt as though I was an outcast and ashamed that I could not handle my o...
Stated Income with 3 months post closing reserves - to 75%
(RT Capital Advisors, Inc. CEO)
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Stated Income Verified Asset (SIVA) Loan Product for Residential or Commercial Stated Income, Verified Asset Purchase or Refinance Loans Fix and Flip (1yr loan, 4 mo. prepay) or Long Term Hold (30 yr loan fixed for 3 or 8 yrs, down to 1 yr prepay with buydown) Loan Amounts to $2,000,000. C...
The following are excerpts from the newsletter on interest rates published by HSH Associates :The Fed certainly has a lot of shifting sand to ponder when it meets next week. In the current domestic and global economic climate, interest rates will have difficulty getting any kind of reliable upwar...
Can you remove late payments from your credit? YES you can!
(Cambridge Credit Consultants )
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It is possible to remove late payments from your credit report, one process is called re-aging. The re-aging process can remove late payments from your credit report which will help raise your credit score. Yes, you can erase bad debt. So what is re-aging? Most people, even a self-proclaimed...
Stay Calm and Take These Steps if You've Received a Mortgage Denial
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
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Stay Calm and Take These Steps if You've Received a Mortgage Denial Emotions play a big part in the home buying and financing processes. In fact, an emotion (or two) may have provided most people the initial motivation to begin the process to buy in the first place ... Emotions, such as cur...
BUYING A HOME, CREDIT DISPUTES CAN BE PROBLEMATIC If one is interested in buying a home I always talk to them about credit. I do this before I pull credit because I want them to have the highest score possible. Having the highest score possible may not be necessary when buying a home but it could...
Weekly Mortgage Market update for March 7, 2019
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
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For the Week Ending March 7, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. A U.S./China trade deal may be close, after months of trade disputes. If a deal is signed, it could put some pressure on rates, as stocks may rally on the news. T...
Will Points Make a Difference Lenders typically quote mortgages at a market rate but can offer a lower interest rate loan if the borrower is willing to pay points up-front which is considered pre-paid interest. These points are generally tax deductible for the year paid when the borrower pays th...
Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It's important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month.One of...
No Income, Verified Asset (NIVA) Loan for Investment and Owner-Occupied Properties.680 mid FICO, SFR's, 1-4's, Condos and PUD'sTerms: 15 or 30 year fixed, 3, 5 or 7/1 ARMs from 5%. Purchase: 70% LTV to 2M, up to 100% of the down can be gifted Refinance: 65% LTV to 2M Cash out: 60% to 1M, 50% LTV...
What is a Reverse Mortgage? Is A Reverse Mortgage Right For Me.
(Service First Mortgage, NMLS #166487)
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What is a Reverse Mortgage? Is A Reverse Mortgage Right For Me. The answer is, well, maybe. Do you have lots of equity in your home? Do you have less than a couple of years worth of savings? Then yes! A reverse mortgage could be right for you. Do you have a regular mortgage and are in retirement....
Home Equity Line of Credit (HELOC) No Income Verified Verified Assets (NIVA) or Stated Income Stated Assets (SISA) Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 2-4's and Condos. 600+ FICO needed. Over 700 FICO, first 6 months starting at 3.88%. Loan amounts from $150,000 - $5,5...
Stated Income, Verified Asset - Purchase or Refinance Loans
(RT Capital Advisors, Inc. CEO)
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0
Stated Income, Verified Asset - Purchase or Refinance Loans Fix and Flip or Long Term Hold - Loan Amounts to $2,000,000. Commercial or Residential Loans for Non-Owner and Investment properties up to 75% LTV. Terms: 3 and 8 yr ARMs fixed then adjustable for remainder of 30 years. 1 yr FIX and Fli...