In this guide, we will cover buying a house near an airport. When searching for a new home, location is everything, including proximity to an airport. Living near an airport may provide easy access to travel and other amenities but poses significant drawbacks. Dale Elenteny of Non-QM Mortgage Brokers lived near an airport for many…
In this article, we will cover and discuss the true cost of home ownership and compare the cost of a homeowner versus a renter. We will cover the frequently asked questions by first-time homebuyers with concerns about becoming a homeowner. We will discuss the finances and credit required to buy a house. We will also…
Non-QM Mortgage Brokers have no lender overlays on the gift of equity mortgage guidelines when buying a home at a discount from a family member. John Strange of Non-QM Mortgage Brokers, a gift of equity home purchase expert, defines gift of equity as follows: A gift of equity is when a homebuyer purchases a home…
Apply Now In this guide, we will cover things to avoid during home loan process to close on time. We have covered many blogs on what to do to get a mortgage loan approval. During home loan approval, borrowers must be pins and needles with their credit and finances. There are several things to avoid…
This article will cover homes for sale by owner. A frequently asked question at Non-QM Mortgage Brokers is whether buying homes for sale by owner is cheaper than buying a listed home with a real estate agent. Buying homes for sale by owner is generally cheaper because home sellers do not have to pay the…
In this guide, we will cover how rent-to-own homes work. We will detail rent-to-own homes and why rent-to-homes are becoming increasingly popular among first-time homebuyers. Are you Tired of your rents increasing with no notice and with ridiculous increases? What Are Rent-To-Own Homes? What if I could tell you that you could enjoy the benefit…
In this blog, we will cover and discuss the down payment requirement on a home purchase. We know saving for a house takes time and discipline. At Non-Qm Mortgage Brokers, we help many clients tackle the mortgage buying process. One of the main obstacles preventing Americans from buying a home is the down payment requirement….
Getting a mortgage after a divorce is inevitable. One person will be awarded the house. The person who is awarded the house will want to have the mortgage just under their name. The same goes for the ex-spouse who has relinquished their rights to the home. They will not want to have any liabilities because…
In this blog, we will cover and discuss how to hire the best real estate agent to list and find your new home. We will also do a feature on the Broker/Owner of the Balado Group, Tracie Balado. In this blog, we will cover and discuss how to hire the best real estate agent to…
In this article, we will cover and discuss the down payment and closing costs required for a home purchase. Many first-time home buyers are very concerned about how much money they would need to save in order to be qualified to be able to purchase their new home. Believe it or not, many people who dream…
In this blog on Non-QM Mortgage Brokers, we will cover the differences between a home inspection vs appraisal. The key difference between a home inspection vs appraisal is the home inspection is not required to be done by the lender. The home appraisal is mandatory. Many homebuyers feel getting a home inspection is not necessary…
In this blog, we will cover and discuss the best states to move to and states people are leaving. The coronavirus outbreak in February 2020 has changed the way we live forever. The whole country shut down due to the coronavirus outbreak or so-called pandemic. A lot of fear-mongering was going on by most state…
Non-QM Mortgage Brokers wrote and published this blog on how do I buy my first house in Chicago to give homebuyers the good, bad, and ugly of being a Chicago homeowner. Chicago is hands down one of the most beautiful cities in the world. As the author of this guide on how do I buy…
In this guide on using gift funds for the down payment on a home purchase. We will cover how family can gift you the down payment and closing costs on your home purchase. Today, we will discuss using gift funds for a house down payment. Using gift funds for the down payment is allowable with…
Is buying a house with bad credit possible or do I need to wait until I have re-established my credit? 2022 is almost over and 2023 is right around the corner. Many homebuyers feel they will not qualify for a mortgage with bad credit. This may be true, however, everyone with a mindset and goal…