Program Benefits Rate is fixed for the first 10 years Loan amounts up to $2.0M Get cash out with a low rate Available for second homes and investment properties Requires full doc income verification (pay stubs, or tax returns) Sample Scenarios* (The following scenarios assume 780+ FICO, Full Doc, 6-12 months reserve funds. Rates are …
There are two types of mortgage refinance: rate-term refinance and cash-out refinance. No cash allows you to adjust just the terms of your home loan. Cash-out refinancing lets you change terms while allowing you to turn home equity into cash. Here’s an overview on how a cash-out refinance works and some of the perks of …
The 2021 housing market was a bit tough for some home shoppers. Low rates and increased flexibility from working remotely put many first-time homebuyers on the map. But limited inventory, skyrocketing prices, and bidding wars made housing harder to come by. While home values aren’t likely to stop rising or start falling any time soon, …
Something we often hear from clients is they waited longer to get pre-approved than they needed to when starting to shop for their first home. Common misconceptions about the pre-approval process are that it costs money, hurts your credit, and/or commits you in some way to getting a loan with that lender. In most cases, …
Are you considering becoming a part of the Great Resignation? If so, you may have some important considerations that affect your ability to borrow money with a home loan. For example, “If I quit my job and move to a remote location what kind of house can I buy?”. Even if you are not leaving …
How a New Job Could Affect You Qualifying for a Mortgage Read More »