Understanding Mortgage Default Causes in Foreclosures

Chalkboard illustration showing a house, symbolizing mortgage default causes.

Exploring mortgage default causes reveals that strategic defaults are not always the primary reason. For years, bank credit analysts have assumed defaults were voluntary, especially when borrowers’ equity fell below their loan balance. This led to a cynical view of homeowners and investors in foreclosure, assuming underwater finances directly led to default. However, this perspective […]

Super Jumbo Mortgage Loans Guide: Best Rates & Requirements

super jumbo mortgage Florida

Updated: January 1, 2024 Super jumbo mortgage loans are essential for high-net-worth and ultra-high-net-worth individuals looking for purchase or refinance loans ranging from $3 to $30 million or more. This expert guide provides valuable insights into the world of super jumbo mortgage loans, covering the best rates, requirements, and various loan types available. Whether you’re […]

Understanding What Realtors Want in a Lending Partner

Connecting What Realtors Want in a Lending Partner

In the realm of real estate, understanding what realtors want in a lending partner is crucial for seamless transactions. The 2023 Home Buyers and Sellers Generational Trends Report new link highlights that a significant majority of home buyers depend on financing. This reliance underscores the importance of efficient and reliable lending processes. Real estate professionals, […]

Getting Approved: Navigating WVOE Mortgage Loan Process

Keyboard with FNMA Form 1005 for WVOE mortgage loans application.

Gainfully employed but struggling with bank mortgage approval? WVOE mortgage loans offer a solution, even without tax returns or W-2s. Ideal for those with complex financial profiles, these loans use bank statements and employment verification for approval, bypassing traditional documentation requirements. This opens doors to non-bank lenders, offering flexibility beyond conventional financing constraints. WVOE mortgage […]

Buy Now, Finance Later: How to Use Delayed Financing to Buy Real Estate

delayed financing

Sometimes it makes sense to purchase a property outright and worry about lining up outside financing later. For example, in a competitive bidding situation, a buyer who presents an all-cash offer has a much stronger offer than another buyer who must make their offer “contingent on financing,” which can take weeks to arrange and may […]

How to Get a DSCR Multifamily Loan (With No Tax Returns)

multifamily loan

A DSCR multifamily loan is a welcome financial tool for may investors. In the past, it was much tougher for smaller investors to get financed for a smaller apartment building or mixed-use building. Banks are willing to lend on 1–4-unit residential properties that qualify for conventional financing. And major property developers had their own sources […]

Bank Statement Programs: 7 Methods Lenders Use To Calculate Income

Calculator used for bank statement loan calculation

Navigating bank statement loan calculation is key for many without traditional income proof like W-2s. Our guide explains how lenders assess your mortgage eligibility. This doesn’t mean they don’t have income. Clearly, they do. The lender just verifies it under a bank statement program, rather than via the more typical income verification process. Instead of […]

Construction Loans for First-Time Builders of Spec Homes

construction loan for first-time builders of spec homes

While rising interest rates have slackened demand for older homes, the market for newly-constructed “spec” homes is still hot. But most traditional mortgage banks don’t take on loans on homes that haven’t been built yet. To build a home from the ground up, you’ll probably need a construction loan. On spec homes, construction loans are […]

Rental Portfolio Loans in Florida for Multiple Properties

rental portfolio loan

Are you an experienced real estate investor with 3 to 7 properties or more? Chances are, you’ll have a hard time getting financed using a traditional bank mortgage. But a rental property portfolio loan in Florida can help you buy or refinance multiple investment properties, all with a single loan. Real estate investors with multiple […]

Getting a Loan for Citizens of Cuba, Venezuela, and Other OFAC Sanctioned Countries

Global Finance Opportunities for OFAC Countries

Securing a mortgage in the United States can be a complex process, especially for non-citizens or permanent residents. This challenge intensifies for those from OFAC-sanctioned countries like Hong Kong, Russia, or Venezuela, where economic sanctions add another layer of complexity. However, obtaining a loan for citizens of OFAC countries is feasible with the right approach. […]