Mortgage Grader

Jul
31
2020

Self-employed landlords battle harder for home-loan approvals
Underwriters will leave no stone unturned to make sure you measure up. All Fullerton residents Scott and Tina Foley, longtime clients of mine, wanted to do was refinance a rental property. They did it before. Easy, right? After an exhausting process, they thought they were finally at...

Jul
30
2020

How To Build A Dream Home With An FHA Construction Loan
Do you dream of building a home, but your credit score isn't high enough for a traditional construction loan? An FHA construction loan can help! Building your dream home with less-than-perfect credit is possible with an FHA Construction Loan. There are two kinds of FHA...

Jul
24
2020

Super-low mortgage rates: A blessing or ominous sign of next housing downfall?
Some lenders are offering the 15-year fixed-rate mortgage at 1.99%, with more than 2 points cost. Everything happens for a reason. This week, some lenders began offering the 15-year fixed-rate mortgage below the 2% threshold, landing at 1.99%, albeit with more...

Jul
22
2020

A Quick Guide to Down Payments By Mortgage Type
Thinking about buying a first home or a second? You have many loan options, and each one varies as far as their down payment requirements. Use this quick guide to get an idea of the amount you'll need to put down on your next purchase. Is 20% Down Always Necessary to Buy a Home? The down...

Jul
17
2020

720 mortgage companies took PPP money, claiming jobs saved
With rates at 49-year lows and demand high for home loans, lenders need to retain workers. But some say the mortgage industry "took great advantage of PPP loans. Maybe they thought it was easy money, ripe for the taking. Maybe they thought their company’s name would never be...

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