True Stated Income No WVOE No P&L No 4506T

Stated Income program Rate starts at 475% APR 513% Rates lower on modified Stated with CPA letter and VOE 7/1 ARM  Available for purchase or R/T Refinance Owner/Investor or Units are acceptable Condos are acceptable Maximum loan size is 25MM Minimum FICO is 700 Stated income loans used to be very common but then they Read More


RATES REMAIN LOW Despite gains in the bond market interest rates continue to remain low 30 year conforming (417K and below) remain lower than 4% with 0 points Jumbo 30 year fixed to 2MM have trended lower and are hovering around 4%   STORIES FROM THE TRENCHES: Kids wanted to take over the home that Read More


Now is the time to buy a 2nd home or investment property With rates still at all-time lows and rents so high this is a great opportunity Take a look at these requirements Subject Property Cash Flow Min 620 FICO– No Tax Returns/4506t 6 mos of property management experience No DTI, NO other Income, No Read More


RATE REPORT Interest rates remain flat despite increase to bond yields Normally 30 year fixed rates are tied directly to the movement of the 10 year treasury bond  But, over the last month rates have remained flat even though yields are increasing What does this mean  Most likely it means that rates are being pushed Read More

Home survey: more homeowners prepare to sell

Reluctant sellers may enter the market If a recent home survey from the National Association of Realtors is any sign, the days of strapped housing inventory may be coming to a close According to NAR’s recent Housing Opportunities and Market Experience Survey, 80 percent of current homeowners think it’s a good time to sell Verify Read More

Learn more about how mortgages work

  For the vast majority of people, it’s impossible to buy a home without a mortgage Getting hundreds of thousands of dollars together to put down as one lump sum is a privilege reserved for very few As it stands, it’s as much as most homebuyers can do to scrape together a deposit The rest Read More

6 Steps of the Mortgage Loan Process: From Pre-Approval to Closing

Mortgage Loan Process There are six distinct phases of the mortgage loan process: pre-approval, house shopping; mortgage application; loan processing; underwriting and closing Here’s what you need to know about each step 1 Mortgage Pre-Approval Process Mortgage Pre-Approval A loan pre-approval sets you up for a smooth home buying experience A few things have changed Read More


Rate Report