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No Doc Mortgage
When applying for a mortgage, typically you are required to submit a whole package of documents to be able to show your income history and pay, as well as assets. However, there are a few loan programs that allow for very limited documentation and stated income. This means that the income you state is the…
Read MorePrivate Lenders for Real Estate
When it comes to lending on real estate, and pulling cash out of your equity, most people may turn to a big bank or lender to help them get the loan that they need. The process can seem vague and confusing, and the process itself can feel like a headache. This is because big banks…
Read MoreRemodeling a Rental in Orange County, San Diego, or Los Angeles – Loan Options and Information
Are you in a situation, where you just inherited a property and are not sure where to go from here? If you already own a home, you may be worried about having to keep up with the cost of both properties – from property taxes, to insurance, to maintenance. In areas like Orange County, San…
Read MoreLong Term Rentals vs. Short Term Rentals in Orange County, California
When you have an investment property, one of the largest dilemmas is what you want to do with it. You’ve probably heard a lot of rhetoric about AirBnB, from sky high profits to extremely dry periods. Having an AirBnB is a lot of unpredictability, as well as extra work – but it can also be…
Read MorePurchasing an Investment Property
Purchasing an investment property, or turning a home into an investment property, can feel like a daunting process. The first concern most people have is “how will I afford it?” Remodels, upgrades, and repairs can get pricey – and quickly. Plus, it’s really important to have an idea of what kind of income you could…
Read MoreQM vs. Non-QM Loans
When you are looking to get a mortgage, either in purchasing a home or pulling equity out of your home, there are a lot of different options at your fingertips. Some of the most common mortgage programs to get would be conventional loans, FHA loans, USDA loans, and VA loans. One distinctive trait about these…
Read MoreIf I have a low credit score can I still access the equity in my home?
Yes, you can! If the property in question is your primary residence, you can utilize an FHA cash out refinance in order to retrieve the equity from your home. As long as you are 2 years away from a major credit event (i.e. BK, foreclosure, notice of default), this is an option that can help…
Read MoreSelf Employed but struggling with poor credit? Here’s how you can use bank statements to get the money you need now!
Does this sound like you? You write everything off on your taxes… Your taxes show a loss… You haven’t filed taxes in recent years… You receive foreign income monthly, quarterly, semi-annually… You had a 30 or 60 day late on your mortgage in the last 12 months… Bank Statement Programs can qualify you! If you…
Read MoreToday’s Tip from Independent Home Finance on How to Maintain the Highest Possible Credit Score
Bad credit is an issue which haunts many Americans and hinders their ability to get the best possible rates for the loans that they need. According to Experian’s 2019 Consumer Credit Review, 34% of Americans have either very poor credit scores between 300 and 579, or fair credit scores between 580 to 669. Astonishingly, the…
Read MoreWhich Home Equity Loan is Best for Me?
A Home Equity Loan is a type of loan that utilizes the borrower’s equity in their home or investment property as collateral. The more equity you have in your property, the easier it is to qualify for this type of loan. With , anyone can qualify for this type of loan as long as they…
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