This guide covers the best wholesale mortgage lenders for non-QM and qualified loans. What makes a wholesale investor the best wholesale mortgage lender? What makes wholesale mortgage lenders the best of the best? No two wholesale mortgage lenders are the same. If push comes to shove, many mortgage professionals would rather choose an A-tier wholesale…
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…
The mortgage markets plays a crucial role in the overall economy, and its performance significantly impacts various sectors, including real estate investments. Despite soaring inflation, the Federal Reserve Board keeps increasing interest rates, which means higher mortgage rates. Rising inflation and the potential for interest rate hikes in the future have introduced an element of…
This guide covers how to avoid mortgage fraud during the mortgage process. We will discuss what constitutes mortgage fraud and ways of not crossing the line. Mortgage Fraud is any misleading information that mortgage loan applicants, loan officers, homebuyers, sellers, attorneys, appraisers, or other real estate professionals write in a mortgage loan application to secure…
This guide covers mortgage refinance guidelines. We will also cover homeowners’ top reasons and benefits for refinancing their mortgage loans. There are other reasons why homeowners need refinancing on their current mortgage loan besides just refinancing. Per mortgage refinance guidelines, homeowners may refinance to have a lower interest rate and save money. Although the main…
This guide covers investing in rental properties for real estate investors. The coronavirus outbreak and scare have plummeted the U.S. economy. This holds especially true with real estate. The U.S. economy before the coronavirus pandemic was stronger than ever. Home values were increasing year after year. Many lenders created and implemented alternative mortgage programs. Specialty…
This guide covers buying house after bankruptcy and qualifying for a mortgage loan. Buying house after bankruptcy is possible after meeting a waiting period requirement after bankruptcy. Waiting period requirements depends on the individual mortgage loan program. The waiting period requirements are between two to four years on government and conventional loans. Non-QM loans do…
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…
Many first-time home buyers with bad credit are under the following impression they need high credit scores and a 20% down payment to qualify for a mortgage. This is not true. FHA and USDA require 580 credit scores. The Veterans Administration has no minimum credit score requirement on VA loans. Fannie Mae and Freddie Mac…
This blog will cover qualifying and getting approved for a mortgage during Chapter 13 bankruptcy. Unsurprisingly, homebuyers and homeowners can qualify for a mortgage after bankruptcy. How about qualifying for a mortgage during Chapter 13 bankruptcy? Borrowers can qualify for an FHA or VA mortgage during Chapter 13 bankruptcy repayment plan without the Chapter 13…
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…
Many renters are under the belief that they need a 20% down payment and good credit to qualify for mortgage loans. This is not the case. The Team at Non-Qm Mortgage Brokers specializes in helping home buyers qualify for bad credit home loans. We help homeowners with bad credit home loans in most of the…
This guide will cover the types of mortgage options for homebuyers. Taking out a loan can be daunting, especially if you need to learn about mortgages. Wendy Lahn, a dually licensed real estate agent, and loan officer, shared the following: For starters, you should know that not all loans are the same, with the main…
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…