Alternative Financing

2017 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. Overview Unless you can pay cash for your home… 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 »

How to Buy a House with Zero Down Home Loans

Buying a home with no money down allows a home buyer with little to or no deposit by using a zero down home loan 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… 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 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 as… Read More »

No PMI Mortgage Loans

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 mortgage 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,… Read More »

No Income Verification Loans for Self Employed Homeowners

One of the casualties of the mortgage meltdown of 2007 and 2008 was that most no income verification loans no longer were offered. While getting a no income verification mortgage loan today is still challenging, there are more options available than a few years ago. Rumors around the lending circles are swirling, as many believe… Read More »

How to Get a Stated Income Mortgage

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 »

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 »