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
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 | Traditional Mortgage Mortgage Loan Process Age in Place Specialized Forward Mortgages self-employed borrower bank statement loan cashflow Business Cash-flow
A Qualified Mortgage (QM) represents a definitive set of qualifying criteria as defined by the government under Federal Dodd Frank regulations. You can think of this as a prism, more or less, with the perfect loans by definition falling inside the p
Apr 05, 2018 | Short Sales foreclosure Mortgage Loan Process Specialized Forward Mortgages Non QM QM
Based on Dodd Frank regulations, access to mortgages for people of all ages is constrained by the ATR Rule. This rule requires that a borrower must demonstrate the ability to repay the mortgage. We no longer have the easy to qualify mortgage t
Oct 14, 2015 | Reverse Mortgage HECM Reverse Mortgage Loan modification Mortgage Loan Process Financial Planning
How should we feel about homeowners possibly not getting a fair shake with their lenders? I think we can all agree that it is pretty clear that underwater homeowners and those struggling to make their payments want to be treated fairly. Here is wher
Mar 05, 2014 | Traditional Mortgage Short Sales Mortgage Loan Process
It’s not news that it is difficult to get a new mortgage. The good news is the government and the markets are just beginning to recognize that the crisis was historic and not everyone who got caught should be permanently labeled a dead beat.&nb
Oct 25, 2013 | Traditional Mortgage Short Sales forgiven mortgage debt Mortgage Loan Process