This guide covers getting a mortgage and buying a house in the Virgin Islands. A series of breathtakingly stunning islands only a hop, pass, and bounce from the American mainland, the American Virgin Islands has long been considered America’s Caribbean and is one of the most specific locations inside the country for American consumers to…
This guide covers the steps to shopping and buying a house in Hawaii. Buying a house in Hawaii can be quite costly. Home prices in Hawaii are above the national average. Besides high home prices, everything in Hawaii costs more than the mainland U.S. Many homebuyers buying a house in Hawaii will discover that home…
This guide covers the home appraisal process during the homebuying and mortgage process. Many homebuyers are not familiar with the homebuying and mortgage process. The home appraisal is what lenders count on to validate the collateral for the loan they lend borrowers. The home appraisal report has always been a major part of the mortgage…
This guide covers multiple competing home offers by homebuyers in a seller’s housing market. Multiple competing home offers are becoming increasingly popular due to rising home prices. There is more demand for homes than the inventory of housing throughout the country. Rising home prices seem to force many first-time homebuyers out of the market. In…
This guide will cover the mortgage options for investing in real estate in Puerto Rico. Why do many people consider investing in real estate in Puerto Rico? Many people and businesses are looking into mortgage options investing in real estate in Puerto Rico. Whether it is an owner-occupant primary home, second home, investment property, or…
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…
This guide will cover mortgage for recent college graduates with no work experience. College seniors throughout the country are interviewing for jobs. Many college seniors have either May or June graduation. Many will have job offers via offer employment letters long before graduation. Alex Carlucci of Gustan Cho Associates explains the vast number of college…
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…
This guide will cover how down payment assistance works for homebuyers. Homeownership is a dream for many Americans, but the reality is that saving for a down payment, which is crucial if you are to secure a mortgage, can be daunting. With home prices rising and wages often needing to catch up, saving tens of…
Apply Now This blog will cover mortgage escrow guidelines required by mortgage lenders. In the following sections, we will cover what mortgage escrows are, how escrows work, and what mortgage escrow guidelines are. Ronda Butts of Non-QM Mortgage Brokers explains mortgage escrow guidelines as follows: Lenders set up escrow accounts to ensure homeowners pay their…
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 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 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…