How to Get a Mortgage Loan without Tax Returns and Traditional Income Documentation Many Americans today decide to go the self-employment route rather than working for a company sitting in a cubicle for the next 30 years. Being self-employed can be highly rewarding because you control your own destiny and control how much money you… Read More »

People who want to buy an expensive home, such as in many areas of California, will probably need a jumbo mortgage loan and rates remain near record lows. These jumbo loans also are referred to as non-conforming loans. If you are considering a jumbo loan, you will need to have a complete understanding of these… Read More »

If you are planning to build your own home this year, you will probably need a new home construction loan. This article will highlight the critical parts of construction loans so that you can make an informed decision on how to finance new home construction loans. Overview of Home Construction Financing Unless you can pay… Read More »

The era of subprime loans appears to be reemerging in 2017. Typically when the trend of interest rates points upward brokers and lenders start rolling out more subprime loan programs in an effort to help meet the growing financing demands of homeowners who rest “outside of the box” of mainstream guidelines. Owning a home is… Read More »

Traditionally finding a mortgage company that provided a no equity refinance loan at a competitive interest rate was difficult. If you have little to no equity in your home, you still may be able to refinance your home, even if you have damaged credit. This can help you to get a lower payment on your… Read More »

Buying a home with no money down allows a home buyer with little to or no deposit by using zero down home loans that requires no down payment. These 100% financing home loans are much rarer today than a decade ago. But there are several no down payment loans you may be able to qualify… Read More »

For people thinking of buying a home but lack a 20% down payment, you will likely have to pay for private mortgage insurance. This is an additional payment you make on top of your mortgage each month that covers the lender if you default on your home loan and that’s why lender paid mortgage insurance… Read More »

Many people struggle with debt. There often is a feeling of just wishing one could wave a magic wand like debt consolidation loans and make it disappear without ruining your credit. While it is never that easy to deal with the problem of excessive debt, there are options out there that may be able to… Read More »

Before the market crash of eight years ago, rent to own loans or owner finance buyers were relatively rare; it was fairly easy for most people to qualify for a conventional or FHA home loan. The market crash changed all that. Credit standards tightened, people’s credit took a nose dive, and savings accounts were depleted… Read More »

Did you know there are alternatives to paying mortgage insurances on a home loan? That’s right there are a handful of lenders that offer no PMI loans in today’s marketplace. There are now other options for getting a no PMI mortgage. If you want to not pay that extra $100 or $200 per month, there… Read More »

One of the casualties of the mortgage meltdown of the last decade was that most no income verification loans no longer were offered. While getting a no income verification mortgage and home loan for the self-employed today is still challenging, there are more options available than a few years ago. Rumors around the lending circles… Read More »

If you bought a home in the housing boom years in the mid-2000s, you may have heard about ‘stated income’ mortgages. This type of mortgage was often given to people who were in cash-only businesses, including many self-employed people and contractors. Even though these borrowers had limited documentation of their income, they often were given… Read More »

by Tom Murphy NMLS # 662141 Home Services Lending Carlsbad, CA If you are thinking about getting a reverse mortgage loan to tap into your home’s built in equity, there are some tips and secrets that you should know. Let’s take a look at the most important ones so you know if getting a reverse… Read More »