What’s a Non-QM loan?

What’s a Non-QM loan?

Is a Non-QM Loan a Bad Thing? By now, you may have heard the term Non-QM loan.  But, what exactly is it and is it something that can benefit you & your family?  “QM” stands for Quality Mortgage, thus the term Non-QM means Non-Quality Mortgage.  If...

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Don’t Refinance Your Mortgage!

Don’t Refinance Your Mortgage!

Don’t Refinance Your Mortgage!! Without doing this first. Statistically, did you know that most people will either move or refinance a mortgage every 5 to 7 years?  Some, even more, frequent than that!  Most people will have a short-term objective when...

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Loans – Good, Bad and truly Ugly

Loans – Good, Bad and truly Ugly

At one time or another, we all need a quick influx of cash.  It could be for a medical emergency.  Or, to pay for college.  Maybe it’s to buy a new vehicle or that boat you’ve always wanted but just didn’t want to wait 10 years to earn the money to pay...

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Top 5 Loan Modification Myths

Top 5 Loan Modification Myths

Top 5 Loan Modification Myths This list of Top 5 Loan Modification Myths is reproduced from the New York Real Estate Lawyer blog written by The Devery Law Group.  It is geared towards borrowers in single-family homes, but I think owners of commercial property can...

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In this market, should I rent or buy?

In this market, should I rent or buy?

What is a ProSumer? As a mortgage lender, one of the most frequent questions I receive is, "Should I rent or buy". With few exceptions, buying makes the most sense.  The term ProSumer is one you will hear more in the future.  It comes from the words...

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For FAST loan approval, do this!

For FAST loan approval, do this!

For FAST loan approval, this is what you need to do... To ensure a quick loan approval, lenders require borrowers to provide documentation for four important factors: credit, assets, collateral, and income. Here's what you need to know to expedite the loan approval...

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