Alternative Financing

What is a Jumbo Loan?

People who are shopping for a more expensive home, especially in a higher cost of living area, may consider a jumbo mortgage program. A jumbo loan is a type of mortgage where the amount is more than the conforming loan limits established by the FHA. So, unlike a conventional, conforming loan, it may not be… Read More »

7 Reasons to Apply for a USDA Mortgage Loan

Did you know there are USDA mortgage programs available for people home buying in rural areas in the United States? Maybe you feel more comfortable surrounded by open country more than pavement and neighbors. If that is the cases, then you may want to buy a home in the country and it may be time to… Read More »

What You Need to Know about Land Loans

Are you thinking about getting a loan for land? Below is a complete guide to land loans. Keep this article as a reference so that you can get the best deal and land loan rates. Overview of Land Loans From the lender’s perspective, loans for land are some of the riskiest loans. That said, this… Read More »

Guide to Fix and Flip Home Loans

Starting a business to fix and flip home for a profit can be an excellent way to grow wealth in real estate. One of the biggest challenges for people starting in this business is to qualify for a fix and flip loan to get you started. It is easiest to get funding for fixing and… Read More »

2017 Requirements for USDA Home Loans

Renters who want to buy a piece of the American Dream and get a home of their own in 2017 may want to consider a USDA loan. Did you know that USDA home loans are available with 100% financing, low mortgage rates, affordable payments, and plenty of underwriting flexibility? If you are weary of paying… Read More »

Guide to No Doc Loans in 2018

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 »

Guide to Jumbo Mortgage Rates and Non-Conforming Loans

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 »

2018 Guide to Home Construction Loans

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. Talk to Experienced Construction Lenders in Your Area. Learn… Read More »

7 Reasons Subprime Loans Will Save the Mortgage Industry in 2017

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 »

The Best Refinance Programs for People with Little or No Equity

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 »

3 Real Solutions for Bad Credit Home Loans

Americans who have poor credit have long felt shut out of the house buying market, but new bad credit home loan programs may offer opportunities that were previously unavailable. After the financial crash of 2008 and 2009, many subprime mortgage programs have disappeared. With 2018 on the horizon, we can see the housing and financial… Read More »

How to Buy a House with Zero Down Home Loans

2017 Home Buyers Guide to No Down Payment Mortgage Financing in the U.S. 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… Read More »

4 Reasons to Check Out Lender Paid Mortgage Insurance Loans

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 »

Debt Consolidation Loans vs Consumer Credit Counseling

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 »

Rent to Own Loans for First Time Home Buyers

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 »

6 Tips to Solar Loans and Energy Efficient FHA Mortgages

In the old days, you usually had to buy the panels with cash, or lease the solar panels. The lease let you rent the panels and to send any unused energy from the panels back to the utility company. Then you could get a credit on your energy bill which would lower your energy costs.… Read More »

No PMI Mortgage Loans

What is a No PMI Mortgage? PMI stands for “private mortgage insurance” and thus a “no PMI mortgage” is a home loan without being required to pay mortgage insurance monthly. 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… Read More »

No Income Verification Loans for Self Employed Homeowners

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 »

Tips for Refinancing Modular and Manufactured Homes

What are the challenges finding a mortgage refinance for a manufacture and modular home loan? If you want to live in a home of your own, one of the most affordable ways to do it is to buy a modular or manufactured home. These homes are less expensive than a site-built home, and some of… Read More »

How to Get a Stated Income Mortgage

If you bought a home in the housing boom years in the mid-2000’s, you may have heard about “stated income loans”. These types of alternative mortgages were often given to people who were in cash-only businesses, including many self-employed people and contractors. It’s hardly a secret that stated income loan programs are very important to… Read More »

12 Essential Things to Know about Reverse Mortgage Loans

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 »