SBA Loan Fundamentals

The Small Business Administration (SBA) was founded in July of 1953 with a mission to help small businesses grow and thrive. The SBA has its roots earlier than that when the Reconstruction Finance Corporation or RFC was created by then President Hoover in 1932 to help businesses survive effects of the Great Depression. The SBA […]

Restricted Stock Income: How You Can Use It to Qualify

Restricted Stock Income, sometimes referred to as restricted stock units, may be used in certain circumstances as qualifying income when needed. Yet not all lenders have programs that accept this type of income but we do and I know how to see if your restricted stock can be used to help qualify for the home […]

VA Home Loans and Construction

When someone is eligible for a VA home loan, they’re one of the select few fortunate enough to qualify. VA Home Loans are part of a special loan program that is earned through service to our country and helps veterans and active-duty personnel as well buy a home with no money down, restricted closing costs, […]

Private Mortgage Insurance: Can I Cancel It?

It used to be that when someone applied for a conventional loan, the down payment required could be as much as 20 or even 30 percent or more. That kept many buyers away from homeownership simply because they couldn’t save up enough for a down payment. Private mortgage insurance began as a way to make […]

What Is Mortgage Insurance?

If you’re doing some research on mortgage loans and searching for information such as down payments, closing costs and interest rates, at some point you’ll run across mortgage insurance (also called PMI). It might sound like an insurance policy that makes the mortgage payments should someone be temporarily unemployed or otherwise unable to make the […]

What is a Non-Qualified Mortgage Loan?

Most every mortgage loan issued today is a loan lenders refer to as a Qualified Mortgage Loan (or QM). When the Consumer Financial Protection Bureau, or CFPB, was created one of the first set of guidelines issued was to establish common sense, universal lending requirements mortgage companies could follow when processing and approving a mortgage […]

The Remarkable Benefits of a USDA Home Loan

It’s very possible you’re not familiar with a special loan program overseen by the United States Department of Agriculture, or the USDA Home Loan. And that’s a shame because most mortgage companies don’t pay much attention to it and instead suggest other loan programs. However, when properly used, there really isn’t a better home loan […]

The Delayed Purchase Program

The Delayed Purchase Program (also referred to as the Delayed Finance Program) is a unique program that you might not have heard about before. So what exactly is it and how does it work?  The benefits might surprise you. How it Works In most any real estate market, when a seller sees an all-cash offer, […]

The Asset Depletion Loan Program

The Asset Depletion Loan Program has a lot of benefits for homeowners who might not have regular income or employment but do have other assets such as a retirement fund or other property investments. If you’re looking to qualify for a great rate, keep reading to see if this loan program can benefit you. How […]

Refinancing Multiple Mortgages Into One

Can refinancing your mortgage save you money? It’s fairly common for homeowners to have not one but two or more mortgages filed against the property. For some, they actually took out two loans at the time of purchase, a first and a second mortgage. When we structure such a loan for buyers, it’s to avoid […]