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Keywords: FHA; Lown-Income; Conventional;Mortgage loans. A mixed-use property as defined is a one-to-four (1-4) unit residential property with a home-based business. The following requirements must be met: 1. The business cannot interfere or conflict with the...

Keywords: FHA; Lown-Income; Conventional; Mortgage Loans. FHA vs Conventional Loan Types: Which is Right for Me? An FHA loan allows for lowerCredit Scores and can be easier to qualify for than a conventional loan.  However, Conventional loans may not requ...

Keywords: DSCR, Non-QM, Mortgage, Rent, Investment We all know DSCR, which is a very simple program and just need to put the occupancy into consideration. DSCR is preferred by a lot of agents, so let’s talk about DSCR for foreigners. Here are requirements fo...

Keywords: DSCR, Non-QM, Mortgage, Rent, Investment DSCR (Debt Service Coverage Ratio) is designed for experienced real estate investors and qualifies borrowers based on cash-flows solely from the subject property. How to calculate DSCR ? See Below: Advantages ...

Keywords: Escrow account; Impound; Tax & Insurance; Reserve The bank statement is a product that estimates a borrower’s income by analyzing deposits in the account. It use DTI to qualify like conventional loan. This category of products can be divided into t...

Keywords: Escrow account; Impound; Tax & Insurance; Reserve Do you know anything about Condo Project Review (or HOA Questionnaire)? Escrow impound accounts are those accounts which lenders set up to collect 'up-front' money from you, when you take out a mortga...

Key Words: Social Security income; non-taxable income; tax exempt income; Freddie mac Do you know anything about Condo Project Review (or HOA Questionnaire)? When TAX EXEMPT INCOME is needed for qualification, the non-taxable portion of the income may be gross...

Keyword: Forbearance; Refinance; Credit score What is forbearance? Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or...

Keyword: Forbearance; Refinance; Credit score What is forbearance? Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or...

Keywords：Delayed financing In a delayed financing transaction, you can take cash out on a property immediately in order to cover the purchase price and closing costs for a property you had previously bought with cash.. This allows you to have the advantage o...