Federal rules from Dodd Frank have made it much tougher for borrowers outside the traditional channels, such as Fannie Mae, Freddie Mac, and the government loan programs, to qualify for mortgages. There are some interesting products for the self-employed
May 02, 2019 | Traditional Mortgage Specialized Forward Mortgages Non QM mortgage Asset Qualifer Asset Based Mortgage
Over my entire career in the mortgage field, self-employed borrowers always stand out as the more challenging opportunities. The self-employed borrower often finds themselves in a tug of war between their accountant’s guidance and the demands of the mort
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In today’s market, liquidity is often key and liquid investments have been working as the economy has gained steam after the enactment of tax reform and regulatory rollbacks. However, this does not necessarily make it easier for anyone to get a new mortg
Jul 16, 2018 | Specialized Forward Mortgages Jefferson Mortgage Group Jumbo Mortgage Loan
It is true that the Self Employed borrower normally hits a wall when it comes to qualifying for a mortgage when asked for their Federal tax returns. The process by which your accountant works their magic is the often the exact opposite of what the lenders
Apr 19, 2018 | Traditional Mortgage Mortgage Loan Process Age in Place Specialized Forward Mortgages self-employed borrower bank statement loan cashflow Business Cash-flow
A Qualified Mortgage (QM) represents a definitive set of qualifying criteria as defined by the government under Federal Dodd Frank regulations. You can think of this as a prism, more or less, with the perfect loans by definition falling inside the p
Apr 05, 2018 | Short Sales foreclosure Mortgage Loan Process Specialized Forward Mortgages Non QM QM
Maybe this is just what the doctor ordered. Remnants from the crisis, such as a Short Sale, Foreclosure, or even possibly a bankruptcy, could still be holding you back. Quality Mortgages (QM) defined is that square box of perfection that you m
Feb 20, 2018 | Short Sales foreclosure Specialized Forward Mortgages Non QM bankruptcy QM