Over my entire career in the mortgage field, self-employed borrowers always stand out as the more challenging opportunities. The self-employed borrower often finds themselves in a tug of war between their accountant’s guidance and the demands of the mort
Nov 09, 2018 | Non QM self-employed borrower QM Specialized Forward Mortgages bank statement loan mortgage Mortgage Loan Process
In the last six months, I have gone from adamantly avoiding the private label Reverse Mortgage program offerings for my clients to being an admirer and an outright endorser. The new Jumbo Reverse program looks nothing like the old one. The primary reason
Aug 22, 2018 | Jumbo Reverse Mortgage HECM Reverse Mortgage Eligibility for Reverse Mortgage MIP HECM Changes 55+ High-Value Homes Age in Place
In today’s market, liquidity is often key and liquid investments have been working as the economy has gained steam after the enactment of tax reform and regulatory rollbacks. However, this does not necessarily make it easier for anyone to get a new mortg
Jul 16, 2018 | Jefferson Mortgage Group Specialized Forward Mortgages Jumbo Mortgage Loan
After the radical changes the government insured HECM Reverse Program experienced last October, the private reverse market has really stepped up to its calling. The private label Jumbo Reverse has become a very affordable and flexible loan program with a
Jun 12, 2018 | Jumbo Reverse Mortgage HECM Reverse Mortgage HECM for Purchase private label reverse mortgage 55+ Age in Place lifetime income with a Reverse Reverse Mortgage
The current version of the government insured Reverse Mortgage is much more restrictive than in the past with regards to how much equity is available to homeowners. The latest changes that were enacted last October were directed at saving the government
May 08, 2018 | Non-recourse loan Reverse Mortgage Retirement Planning HECM Reverse Mortgage
It is true that the Self Employed borrower normally hits a wall when it comes to qualifying for a mortgage when asked for their Federal tax returns. The process by which your accountant works their magic is the often the exact opposite of what the lenders
Apr 19, 2018 | self-employed borrower bank statement loan Mortgage Loan Process Traditional Mortgage Age in Place Business Cash-flow Specialized Forward Mortgages cashflow