Federal rules from Dodd Frank have made it much tougher for borrowers outside the traditional channels, such as Fannie Mae, Freddie Mac, and the government loan programs, to qualify for mortgages. There are some interesting products for the self-employed
May 02, 2019 | Traditional Mortgage Specialized Forward Mortgages Non QM mortgage Asset Qualifer Asset Based Mortgage
A husband and wife in their late sixties are comfortably retired in a nice family home with the exception of mortgage payments. Everyone they have spoken with recommends selling their home and downsizing but they reject that notion. They like their home
Jan 16, 2019 | lifetime income with a Reverse Seniors private label reverse mortgage Retirement security Jumbo Reverse Mortgage 55+ High-Value Homes
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 | Mortgage Loan Process Specialized Forward Mortgages Non QM QM self-employed borrower bank statement loan mortgage
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 | HECM Reverse Mortgage Eligibility for Reverse Mortgage Age in Place Jumbo Reverse Mortgage MIP HECM Changes 55+ High-Value Homes
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 | Specialized Forward Mortgages Jefferson Mortgage Group 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 | Reverse Mortgage HECM Reverse Mortgage lifetime income with a Reverse HECM for Purchase private label reverse mortgage Age in Place Jumbo Reverse Mortgage 55+