​Purchasing a Property as an Independent Contractor

​Purchasing a Property as an Independent Contractor

If you’re an independent contractor, you’re part of a rising tide in a recent workforce change in which more high-skilled workers are choosing contract work over salaried positions. But many mortgage products are tailored to people in the latter group,...
Fall 2022 Shows Home Prices Dropping

Fall 2022 Shows Home Prices Dropping

When the Federal Reserve is making headlines, as it has been lately, questions can arise among potential homebuyers. The Fed’s moves affecting interest rates often spark fears that home-buying costs are rising beyond affordability. But it’s wise to...
What Types of Properties are Eligible for Investments?

What Types of Properties are Eligible for Investments?

If you’re thinking of purchasing an investment property, you’re in good company – investors bought a record share of homes last year. So what can you buy? Let’s take a look at the property types and the best financing for them. Eligible...
The 5 C’s of Credit – What Makes up a Promising Credit Profile

The 5 C’s of Credit – What Makes up a Promising Credit Profile

A system that many lenders employ to evaluate creditworthiness, the 5 C’s of Credit are an informal but widely used methodology in the approval process for mortgage loans. They are: Character, Capacity, Collateral, Capital, and Conditions. Let’s look at...
5 Tips for Renting Your Investment Property

5 Tips for Renting Your Investment Property

If you’re thinking of buying an investment property, you’ve got a range of attractive mortgage programs to choose from. Managing that investment may present more of a challenge. Here are a few tips to help you out. 1) Getting the Right Return This...
How Partnering with the Right Loan Officer Sets You Up for Success

How Partnering with the Right Loan Officer Sets You Up for Success

At heart, a good loan officer’s goal is to keep you informed on the mortgage products that best fit your unique needs. Knowledge and understanding of these financial tools is often key to your success in a variety of important ways. Let’s consider a few....
What is an Investor Cash Flow Loan?

What is an Investor Cash Flow Loan?

If you’re thinking about investing in real estate, you’re in good company. The commercial real estate market is booming, with experts predicting a strong performance going forward, driven, in part, by a shortage of residential housing supply and rising...
Considering Purchasing Your First Investment Property? Here’s What You Should Know

Considering Purchasing Your First Investment Property? Here’s What You Should Know

There are around 20 million rental properties in the U.S., and about 14 million of those are owned by individual investors. Might you join their ranks? Here are a few things to consider. Know That You’re Ready Financially ready. Lenders often want at least 15%...
How Bank Statement Loans Leverage Non-Traditional Income

How Bank Statement Loans Leverage Non-Traditional Income

While self-employment may offer freedom and higher earnings than salaried jobs for many, it can also be a roadblock when applying for a mortgage loan that requires traditional income documentation. Our Simple Access® Non-QM Bank Statement loan seeks to remedy that...