Can I get a mortgage using cryptocurrency? Did you know you can count cryptocurrency like bitcoin as an asset for your mortgage? The requirements for bitcoin, cryptocurrency, or coin based assets for home loans include: Must be converted to U.S….
How a 2/1 buydown may be able to lower your monthly housing payment When interest rates were at historic lows, a typical fixed rate mortgage loan was all most people needed. Now, rates have risen and borrowers may be looking…
Applying for Homestead Exemption Please remember to apply for your homestead exemption if you have not done so already! The homestead exemption is a wonderful benefit for homeowners. Consult with an accountant or tax professional for specific tax relief information….
LLPA Myth Busting: The Truth about New Fee Changes In January 2023, Fannie Mae and Freddie Mac (Federal Housing Financing Agencies) announced changes to Loan Level Pricing Adjustments (LLPA). Some of these changes include factoring in a borrower’s debt-to-income…
Is it Time to refinance? According to ATTOM Data Solutions, 48.5% of mortgaged residential properties in the U.S. were considered equity-rich with 50% in available equity at the end of Q3 2022. Pent up equity positions, even in these market…
Great news in 2023 – Mortgage Insurance will cost less on new FHA home loans Financing a home just became more affordable for hundreds of thousands of buyers! Beginning March 20, most FHA loans will carry lower mortgage insurance premiums….
DSCR (Debt Service Coverage Ratio) for Property Investors Property investors have many options and should feel good about their business purpose loan. The GMFS DSCR (Debt Service Coverage Ratio) products are designed to give these valuable borrowers a real choice…
Self-employed borrowers may benefit from a bank statement mortgage program. When home buyers can’t get a traditional mortgage, our bank statement program can help qualified borrowers. Instead of a W2, we use 1-to-2 years of bank statements to evaluate a…