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Financing a Condotel Loan (It’s Easier Than You Might Think)

If you’re having trouble getting a condotel loan or financing a luxury condominium, you’re not alone. Many property owners and investors are looking to diversify their portfolios while rates are still low. But conventional guideline restrictions on condotels and non-warrantable condos have made it a little more challenging to apply and get approved. Well-qualified borrowers […]

How to Apply: No Income Verification Loan in 2021

If you’re self-employed, have a high net worth, or want to apply for a mortgage without having to verify your income, then the no income verification loan might be worth considering. Just like it sounds, a no income verification loan doesn’t require proof of regular income to qualify. Qualifying criteria are much more stringent, but […]

How to Use Restricted Stock Units (RSUs) as Qualifying Income Toward Your Mortgage

Does your employer offer restricted stock units as part of your compensation package? Recently, a client asked if they could use restricted stock units as qualifying income to apply for a home loan. It’s becoming more common for big tech companies like Amazon and Google and large corporations to offer company stock to their employees. […]

How the Fannie Mae HIRO Program Can Lower Your Mortgage Payment and Avoid Foreclosure

Many homeowners have been asking, what can I do if I can’t pay my mortgage? The Fannie Mae HIRO loan program could help. Many American homeowners have suffered reduced income or loss of employment during this past year due to the coronavirus pandemic. Forbearance and loan modification programs can help, but many covid-related housing relief programs […]

How to Cancel PMI and Lower Your Monthly Mortgage Payment

Private mortgage insurance (PMI) is typically required for homeowners who put less than 20% down toward their home loan. In general, private mortgage insurance (PMI) is 0.5 – 1.5% of the total loan amount and is tacked onto the monthly mortgage payment. It can easily add a few hundred dollars to your mortgage payment every […]