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  • Refinancing
  • Buying a Home
  • Loan Programs
    • Conventional
    • Jumbo
    • FHA
  • Calculators
  • Contact
non-warrantable condo financing

If you are in the market to buy a home but don’t want the hassles of maintaining the exterior and don’t mind a community setting, owning a condo is a great option to achieve that goal. The process of buying a detached home is very similar to buying a condo […]

How to Get Mortgage Financing for Condos

Advantages: When you invest in single family homes as rental properties that are miles away from each other around the city, the operating expenses are higher and management is more intensive than if you had owned a 2 to 4 unit investment property where all the units are on one […]

The Pros and Cons of Buying 2 to 4 unit …

mortgage no 1040s

Self-employment is both challenging and rewarding as you have a higher ceiling to boost your earnings.  You are more in control of your success. Instead of growing somebody else’s company, you get to enjoy the growing phase of your own business. However, even when you boost your income as a […]

How To Successfully Get A Mortgage Without Tax Returns

Mortgage Broker vs. the Bank

It is much more than just mortgage rates & saving a few hundred bucks on closing costs. Time could also cost you money. Mortgage brokers and banks are fundamentally distinct in multiple ways. A bank “sells” its own suite of loan products direct to consumers. A mortgage broker has access […]

Mortgage Broker Or Bank: Your Choice Matters

cash rich one million dollars

Recently, a new loan program came out whereby the borrower does NOT have to be employed. In fact, there is no employment or income information on the application. This is almost a true “No Doc” loan and ideal for borrowers who have substantial liquid assets in a financial institution. It […]

Loans for Cash Rich Borrowers with Low Monthly Income

12 month bank statement program

With the new Dodd-Frank rules, it has impacted hundreds of thousands of legitimate self-employed borrowers from getting a residential home loan. It has for the most part taken away stated income loans on primary residences, although portfolio lenders do still have it available only to California borrowers who can provide […]

Big Mistakes Borrowers Make Using Bank Statements as Income

Let’s look at how this would work with your mortgage balance. Example: A homeowner with stellar credit owes $150,000 at 4.75% and is paying $782.47 on a refinance they did just 6 months ago. They discover that their creditors are offering a balance transfer offer up to $25,000 on two […]

Zero Percent Balance Transfer on Your Mortgage?

The Federal Home Administration is being accused by the National Association of Realtors of making the costs of their mortgage insurance too excessive which has effectively eliminated hundreds of thousands of consumers from the home buying pool. HUD’s strategy of repeatedly raising the FHA MIP is lowering the amount of […]

FHA Mortgage Insurance Premium Hurting Pool of Home Buyers

The short answer is Yes, but with an attached disclaimer. No matter if the mortgage insurance premium (MIP) is added to the mortgage or paid with cash by the borrower, the tax deduction is not affected. The Important Details Borrowers who have FHA loans are allowed a tax write-off on […]

Can I Deduct FHA Mortgage Insurance Premium on My Taxes?

financing without taxes

The short answer is YES you can. However, it will not be with a no income verification loan. The days of stated income and falsifying your income are pretty much gone for owner occupied properties, yet they still exist for investment properties and commercial real estate. The government feels that […]

Can I Get A Mortgage without Tax Returns?

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