When you need a mortgage, you have a few options. You can go directly to your bank, use a mortgage broker, or a direct mortgage lender. While each option provides the same end result – a mortgage to buy a house, the process to get there differs with each option. Looking for Current Mortgage Interest […]
How to Compare Bank Statement Loans from Different Lenders
If you are a smart borrower, you will shop around for your mortgage. There are many lenders that offer bank statement loans, but not all programs are created equal. How do you know which one is right for you? It is important to understand how to compare the terms, rates, and programs offered so that […]
Is Lender-Paid Mortgage Insurance Right for Everyone?
Did you know that you have options on how you pay your Private Mortgage Insurance when you put less than 20% down on a conventional loan? Compare Offers from Several Mortgage Lenders. Most people think they have to deal with the addition to their monthly mortgage payment, but there are actually ways around it. You […]
What to Look For When Comparing Mortgage Lenders
It’s always a good idea to shop around when looking for a mortgage. What happens once you have a few quotes from different lenders, though? How do you decide which one is right? Get Matched with a Lender, Click Here. We help you understand the most important factors below. What’s the Interest Rate? The biggest […]
Meet the Modern Lenders Who Are Reshaping the Mortgage Industry
Many mortgage lenders today are breaking out of the mold, reshaping themselves and their strategies to the demands and opportunities of a new lending age. While traditional lending giants still rule the kingdom, these lenders are definitely making a significant disruption, and potentially ushering in a big change for the whole lending industry. Of course, […]
Should You Use Big National Banks or Small Lenders?
Securing a mortgage requires you to make many decisions. Aside from determining which program you want to use, such as FHA, USDA, or conforming, you need to determine who you will trust to process your application. After all, this is one of the largest investments you will make in life. Should you go with the […]
Largest Non QM Lender
Interested in knowing what lenders are out there doing non qualified mortgage? Here is one that is doing them – Athas Capital. From an email I got today: If you have not done so already, now is the time to submit those deals to Athas Capital Group! The Nations Largest Non-QM Lender is providing financial […]
Wells Fargo Gears Up For Non QM
Wells Fargo plans to offer non qualified mortgage loans and hold the loans in their portfolio. That means if you work with Wells Fargo to get a non QM mortgage, you can expect them to hold the loan and you will make your monthly payments to them. At least for now. From MortgageNewsDaily: With new […]
Banks Can Issue Non Qualified and Qualified Mortgage Loans
With the new upcoming qualified mortgage rules, will banks have to choose to issue either qualified mortgages or non qualified mortgages? It doesn’t look that way. It appears that starting in January 2014, banks will be able to issue both qualified mortgages and non-qualified mortgages. Recently, The Federal Reserve, Federal Deposit Insurance Corp and other […]