Subprime Lending Is Back. In A Big Way. But Don’t Call It ‘Subprime.’
There are new financial products hitting the financial store shelves today. Many come with regulations which are more restrictive than the risky subprime mortgages popular before the financial crisis hit. A solution for a key segment of the population has been developed: non-qualifying mortgages, or non-QM. As non-QM expand exponentially, there are new non-prime lenders.. Read More
29 Design Features That May Make a Starter Home Sell For More Than Expected
What Design Elements Can Make a Simple Starter Home More Attractive — And Command a Higher Price? While first home buyers look primarily for value, with the advent of HGTV and other popular home design networks, they also look for design elements that match their taste and style. And while value is still all-important, they.. Read More
Mortgage Options for First-Time Buyers With Poor Credit
As the U.S. economy continues to rebuild from the recession almost ten years ago, lots of people are looking to buy homes after years of renting or staying put in an existing home. As a result, the real estate market is competitive in many parts of the country, requiring buyers to put in aggressive offers and, in some.. Read More
Is there a future for non-QMs?
The non-QM loan is becoming a rarity Because of excessive government regulations, an unfair burden resulting in less business and extremely tight credit standards. Is there any other reason for the seeming paucity of non-QM loans? When Dodd-Frank was passed in 2010, the mortgage financial world was split into two challenges. Qualified Mortgages Non-Qualified.. Read More
What is a non-QM loan?
Following the 2008 meltdown, the Dodd-Frank legislation placed minimum standards on mortgages and created a “Qualified Mortgage” definition. These loans are almost all the mortgages which are underwritten and they contain specific safeguards which focus on conservative lending standards and the borrowers ability to pay. Banks and other mortgage lenders follow QM rules as they.. Read More
What to look for when checking out mortgage lenders
It’s a smart idea to shop around when going shopping for a mortgage. What happens when you have a few quotes. How do you decide which one is right for you and what you need? Here’s how to understand the most important factors. What’s The Interest Rate The thing most borrowers want to know is.. Read More
We are here to help you
in available capital
to get your rate
Low Starting Rates