Are you looking at a property where the seller is open to a leasehold option? Perhaps someone has mentioned this type of ownership to you in the past but you’re not quite clear on the concept? If so, you’re not alone. Buying and financing a leasehold estate property does take a bit of explanation but […]
Real estate developers know how important it is to have the right financing for the right project. Such is the case for financing fix and flips. Fix and flips are transactions where the buyer acquires a property for a relatively short period of time with the sole purpose to sell, or flip, the home once […]
The Mortgage Credit Certificate, or MCC program, might be the most widely available mortgage assistance program in today’s marketplace yet it’s unfortunately perhaps the least used. Why is a program that helps more buyers qualify for a mortgage widely available but relatively unknown? Probably because most loan officers don’t understand how it works and they […]
Have you ever thought about harvesting your own grapes or starting your own winery? What about planting a family orchard to reap apples, pears or oranges? Buying a home in a rural or semi-rural setting with plans to use the acreage for a hobby farm is more common than you might think. When it comes […]
For those who are in the medical or dental profession, getting a college degree takes time and money. And as college costs continue to rise, it costs more money than ever, often incurring student loans and debt. But there is a loan program designed for the medical and dental professional that takes into consideration student […]
Are you ready for HomeReady? Mortgage giant Fannie Mae hopes you are with the introduction of this new program announced in early 2017 . This loan program has relaxed lending guidelines and allows more people to qualify for a home loan. While the loan program is designed to help first-time home buyers overcome initial obstacles […]
Have you heard of the CalHFA loan program? Unless you’re an approved mortgage lender you probably haven’t. The CalHFA loan program was developed by the California Housing Finance Agency which oversees this special program designed to assist lower to middle-income buyers buy and finance their very own home. While many of CalHFA borrowers are first-time […]
If you’re looking to buy your first home, but still paying off student debt get ready for some good news. It’s expensive to go to college. Ask any parent with a kid in school or college student and you’ll find out just how expensive it can be, even for a public college. That means student […]
The Interest-Only loan grew popular between 2004 to 2008, when a host of brand new loan programs were introduced to the marketplace. These new loans were not considered conventional and they weren’t government-backed but designed primarily for those who could not otherwise qualify for a traditional mortgage for any variety of reasons. Such loans were […]
Have you heard of an asset utilization loan? Not many have. Most mortgages issued today fall into two distinct categories, conventional and government-backed. Conventional loans include those approved using guidelines set forth by Fannie Mae and Freddie Mac while government-backed loans include VA, FHA and USDA programs. What is an Asset Utilization Loan? An asset […]
