If you’re a non-traditional borrower, asset based finance for mortgages could be your key to homeownership. Instead of focusing on income, this type of financing looks at the value of your assets, which provides more flexibility for high-net-worth individuals – those with $1 million or more in investable assets. While some lenders use this term […]
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If you’re considering building your dream home but don’t know where to start with financing, an FHA construction loan might be a good fit for you. Backed by the Federal Housing Administration (FHA), these loans are designed to help more Americans achieve their dreams of homeownership – part of a mission that has led the
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Looking for a mortgage can feel overwhelming, especially if you’re a first-time homebuyer or have less-than-perfect credit. But there’s an option out there to help – FHA loans. These loans offer a straight-forward path to homeownership for many buyers. With roughly 14.5% of all mortgage applications being FHA loans and about 29% of first-time homebuyers
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Figuring out how to get a loan without a job might seem tough, but whether you’re temporarily unemployed, earning passive income from investments, retired, or working as a business owner or contract worker, there are options tailored for people in non-traditional situations. With nearly one-third of Americans earning extra money through side hustles and a
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Let’s face it: mortgage paperwork can be overwhelming, but understanding your mortgage statement is more important than you might think. In 2024, Americans owe a staggering $12.52 trillion on 85.35 million mortgages, with an average balance of $146,690. The median monthly payment? $1,520. And with 3.35% of mortgages delinquent by at least 30 days in
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For millions of Americans, conventional mortgage lenders don’t always provide flexible options they need to secure financing on a new home. Because of this, it’s no wonder why non-QM (non-qualified mortgage) loans, designed for those with unique financial situations, have grown to make up 5% of the total mortgage market as of mid-2024 – a
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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.
