Bank Statement Second Mortgage
Alternative income qualifying is like a cash-out refinance the second mortgage, but you keep the low rate from your 1st mortgage. What is a second Mortgage? The Bank Statement Stand-Alone Second is a 2nd mortgage that allows you to qualify without providing two years of Tax Returns or 1099s. Technically, it is a non-QM (non-qualified […]
Comprehensive Reverse Mortgage Guide
What is a reverse mortgage? In recent years, reverse mortgages have exploded in popularity among American seniors. Since the program began in 1989, over 1 million reverse mortgage loans have been originated. In 2021 alone, over 130,000 seniors took out a reverse mortgage. But what exactly are reverse mortgage companies, and is it right for […]
The Ultimate Home Refinancing Guide
Refinancing a home can be a great way to save money on your mortgage, but navigating today’s evolving real estate markets can feel tricky. That’s why being market-savvy is key! This guide will help you understand your refinance options, make smart decisions, and potentially unlock significant savings for your home. What Is Refinancing? Think of […]
FHA Streamline Refinance Program in 2024: A Guide..
Are you a homeowner considering refinancing your FHA-insured mortgage? If so, the FHA Streamline Refinance program might be an excellent option, offering a simplified process and potential financial benefits by lowering your interest rate and monthly payments. What is a FHA streamline refinance? Introduced by the Federal Housing Administration (FHA), this program allows borrowers to […]
Clearing Up Myths About Jumbo Reverse Mortgage.
Have you heard of jumbo reverse mortgages but aren’t quite sure what they are? This type of loan is specifically designed for homeowners with valuable properties who are 62 years or older. It allows them to access a portion of the equity they’ve built up in their home without having to make monthly mortgage payments. […]
