Self-Employed and Struggling to Get a Mortgage? Bank Statement Loans Could Be the Answer. Being self-employed or freelance offers amazing freedoms, but securing a traditional mortgage can sometimes feel like an uphill battle. Why? Lenders often rely heavily on tax returns, which … [Read more...] about Trying to Get a Mortgage When You’re Self-Employed?
Beverly Hills mortgage
Buying a Home in California-Understand the Mortgage Process
Buying a home is one of the most exciting milestones in life, but the process can feel overwhelming, especially if you're unfamiliar with how mortgages work. If you're earning a good income and considering a move to California, this guide is for you. We'll break down the … [Read more...] about Buying a Home in California-Understand the Mortgage Process
Why Are Mortgage Guidelines So Strict and Unyielding?
Why Are Mortgage Guidelines So Strict? Let’s first talk about what a lender's “underwriter” is, since I’ll be using that term throughout this post. An underwriter is an individual at the bank who reviews your loan application and financial information to decide if you qualify … [Read more...] about Why Are Mortgage Guidelines So Strict and Unyielding?
The New Real Estate Commission Rules
The new real estate commission rules took effect on Saturday, August 17. If you're feeling confused by them, you're not alone. Traditionally, sellers paid a 5-6% real estate commission based on the sales price. This amount was usually split evenly between … [Read more...] about The New Real Estate Commission Rules
Interest Rates: The Wild Card in Today’s Real Estate Game – How to Win.
Buckle up, because the real estate market is officially on a thrill ride. Interest rates fell to record lows then rose faster than a teenager's mood swings. But unlike those mood swings, this rollercoaster has real consequences for everyone involved in real estate. Whether you're … [Read more...] about Interest Rates: The Wild Card in Today’s Real Estate Game – How to Win.
New Maximum Loan Limits in California
Lots of new changes and regulations in loan guidelines yet again. Jumbo loans are still the most difficult to get. Whenever possible, a conforming loan - or a High Balance conforming loan will be the easiest to obtain. … [Read more...] about New Maximum Loan Limits in California
