The stated income loan has become somewhat of an elusive mortgage program that streamlines the process. The stated income mortgage loan is very popular with self-employed borrowers that do not have a traditional income documentation with W-2s and pay stubs. There are alternative loan options for self-employed professionals to get a home loan without traditional… Read More »
Millions of subprime borrowers are searching for non qualified mortgage lenders that offer a wide variety of income documentation requirements and low credit home financing programs that do not fit in the conforming loan guidelines. Non QM home loans continue to supply alternative mortgage products from private lenders. The non qualified mortgage world was created… Read More »
Buying or selling a property often involves timing challenges, especially if a new purchase needs to be made before the sale of an existing property. In such cases, a bridge loan mortgage can serve as a financial lifeline, helping homeowners and businesses navigate the gap between two transactions. Guide to Bridge Loan Mortgages We published… Read More »
The popularity of private money loans has soared because the real estate market and self-employed borrowers have increased the demand for alternative mortgages from private mortgage lenders. Private money lenders are a non-institutional source that provides home loans, mortgages and cash-out home equity lines of credit for people with all types of credit. Private money… Read More »
Construction loans are essential for financing the building of a new home, renovating an existing property, or undertaking major real estate projects. While traditional conventional lenders typically cater to borrowers who meet strict financial criteria, not everyone qualifies for these conventional loans. Enter non-QM construction loans: a flexible alternative designed for borrowers with non-traditional financial… Read More »
A rehab home loan, also known as a renovation mortgage, is a financing option that enables homebuyers and homeowners to fund both the purchase, refinance or home equity financing of a property and its necessary repairs or renovations through a single loan. How Rehab Home Loans Work The home rehab loan approach simplifies the financing… Read More »
Hard money rehab loans are specialized financing options designed for real estate investors aiming to purchase and renovate properties, particularly those requiring significant repairs. Unlike traditional loans, the hard money rehab loan is an asset-based, focusing on the home’s value rather than the borrower’s creditworthiness. The RefiGuide can help you find hard money lenders for… Read More »
When it comes to securing financing for property purchases, two prominent loan options come to the forefront: Debt Service Coverage Ratio (DSCR) loans and conventional mortgages. Most first time home buyers choose a conventional mortgage. While many savvy real estate investors are choosing DSCR loans to purchase investment properties. Both options serve different types of… Read More »
Buying a home that requires renovation can be exciting, but financing both the purchase and renovation costs can feel overwhelming. Many prospective homeowners ask, “Can I add renovation expenses to my conventional mortgage?” Fortunately, the answer is yes, certain home renovation loan programs allow borrowers to bundle renovation costs with their mortgage, making it easier… Read More »
In the world of real estate investing, securing financing is often one of the most crucial and challenging aspects. Investors need to navigate a complex landscape of loan options, requirements, and terms. Among the many types of loans available to real estate investors, Debt Service Coverage Ratio or DSCR rental loans stand out as a… Read More »
