If you’ve been wondering how to prove income when self employed to get a mortgage, you’re not alone. In the U.S., self-employed individuals make up 10.1% of the workforce, or nearly 16.2 million people, as of January 2023. This demographic represents a significant chunk of the workforce that’s often overlooked by conventional lenders. Even though […]
How to Prove Income When Self Employed to Get a Mortgage Read More »
When buying a home, you’ll likely hear the terms “deed of trust” and “mortgage” thrown around, often interchangeably. But what do these terms actually mean? These two legal documents aren’t quite the same, and understanding the difference can help you stay informed during the home financing process. Interestingly, 26 states use a deed of trust
Deed of Trust vs Mortgage: Simplifying the Basics for Buyers Read More »
The Federal Reserve interest rate cut is sparking excitement among aspiring homeowners and investors, especially with the most recent cut on September 18, 2024 and the next meeting set for November 7, 2024. With mortgage rates starting off high in the first half of this year, 71% of potential buyers are holding back, waiting for
Federal Reserve Interest Rate Cut: What You Need to Know Read More »
If you pay attention to the media at all, there’s a chance you’ve heard the term “Fed Rate Cut” thrown around — but what exactly does that even mean? The Federal Reserve’s decisions around interest rates have far-reaching implications for the economy, affecting everything from mortgage rates to credit cards. According to the CME Group’s
What Is the Fed Rate Cut? An Inside Look into Interest Rates Read More »
Did you know that 90% of all millionaires have built their wealth, at least partly, through real estate investing? An investment property can be a powerful tool in securing your financial future. Unlike the stock market, where prices can swing by over 40% in a single year, real estate provides a stable, recurring income backed
How an Investment Property Can Secure Your Financial Future Read More »
As inflation begins to cool, Americans are patiently waiting for the Federal Reserve to make interest rate cuts. As of August 2024, the Fed has kept the key interest rate at an eye watering 5.3%, which has been a 23-year high. Talks of potential interest rate cuts have sparked excitement and anticipation among homeowners and
Interest Rate Cuts: Refinancing, Rates and What You Need to Know Read More »
Defy Mortgage, LLC is a direct lender and licensed under NMLS #2383214, 1030 16TH AVE S FL 2, Nashville, TN 37212. Licensed under the Oregon Consumer Finance Act. Georgia Residential Mortgage Licensee # 2383214. Defy Mortgage, LLC, Loans made or arranged pursuant to a California Financing Law license – License # 60DBO-173959. Available in select states.
