Category Archives: Loan Approval
Qualify for a Mortgage by Using Retirement Income
Can You Use Your IRA to Qualify for a Mortgage? Qualify for a mortgage: Mortgage lenders qualify borrowers for a mortgage based on their credit scores, debt-to-income ratio, and assets. As a result, retired borrowers are facing difficulties when trying to get a loan due to their decrease in income. Qualifying for a Mortgage using your retirement
Investment Property Loans
Program Guidelines Investment Property Loans All borrowers will have to sign a Business Purpose & Occupancy Statement before the funding to show that they declare that the property already is or will be for commercial use or for investment purposes only. All the loans, therefore, will undergo a thorough evaluation to determine the loans conform
Mortgage Loan Types Explained
Mortgage loan types currently available for you? Mortgage Loan Types Fixed rate mortgage loan types. Fixed rate mortgage loans have the same interest rate for the entire repayment period. With the monthly principal portion being also constant you will pay the same amount of money month after month, year after year. 2. Adjustable rate mortgage