ShareThere are lots of mortgage documents to sing when applying for a mortgage and believe it or not each one of them has it’s role in lenders getting you the mortgage you want. One of the most commonly misunderstood forms …
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What’s the 4506-T Form?
Posted 337 days ago byInterest-Only Jumbo Loans
Posted 379 days ago byShareWhy do intererst-only jumbo loans make sense in today’s mortgage market? There are many reasons to use the interest-only feature on a jumbo loan, but first let’s look at the characteristics of the jumbo loan borrower. The jumbo loan borrower has …
Posted in Mortgages, News Tagged interest-only jumbo loans, Jumbo Home Loan, jumbo mortgage, mortgage credit conditions, self-employed No Comments
ShareThe underwriting guidelines for mortgages have changed over the last couple of years. The biggest change is the elimination of stated-income loans. These types of mortgages are gone and they are not coming back any time soon and most likely …