A Complete Guide to Finding No Tax Return Lenders What is a No Tax Return Mortgage? There are various ways to qualify for a loan that don’t include showing tax returns or income. A no tax return mortgage – also sometimes incorrectly referred to as a “no-income-verification mortgage” – is a mortgage where the borrower […]
No Tax Return Mortgages and Lenders Read More »
A comprehensive guide to understanding bank statement loan interest rates Bank statement loans allow freelancers, gig workers, contract workers, entrepreneurs, and self-employed individuals the opportunity to qualify for a mortgage without using W-2s or tax return information. Instead, lenders rely on bank statements – but how does that affect bank statement loan interest rates? In
Bank Statement Loan Interest Rates, Explained Read More »
The Complete Guide to DSCR Loan Down Payments In the world of real estate, down payments are an essential part of purchasing a new property. While DSCR loans can be a great tool for financing a new investment property, they work differently than a traditional mortgage, which means the factors that affect a DSCR loan
DSCR Loan Down Payments: The Complete Guide (2024) Read More »
DSCR Loans: What Are They? DSCR loans stand for debt-service coverage ratio loans and are commonly used for investment properties or properties that generate income. The DSCR metric measures whether the property can generate enough income to cover its debt obligations. This ratio allows lenders to determine the risk associated with the property without using
DSCR Loans: The Complete Guide (2024) Read More »
Explore the Top 10 FHA Mortgage Lenders of 2024 FHA loans are a great path to homeownership for first-time homebuyers, those who can’t qualify for a conventional mortgage and/or don’t have enough saved for a large down payment. With stricter qualification requirements, conventional mortgages aren’t for everyone and it can be tough to get approved.
The Top 10 FHA Mortgage Lenders of 2024 Read More »
Before Closing: Getting Pre-approved, Making an Offer, and Having That Offer Be Accepted First, in order to close on a home (or even make an offer), you need to make sure that you’re approved for the loan amount — usually in the form of a pre-approval. Most sellers don’t entertain an offer without a written
What is the Process of Closing on a House? Read More »
