Seller Concessions for Repairs Seller concessions for repairs in real estate refer to when the seller agrees to cover cost of home repairs or the buyer’s closing costs in lieu of making the repairs. These concessions and closing costs typically range from 2% to 6% of the home’s price. They can also be called seller…
Mortgages for Dentists There are lenders who provide mortgages for dentists with specialized financing options tailored to the unique needs of American dental professionals. With low down payment requirements and exemption from private mortgage insurance (PMI), dentists can enjoy the benefits of homeownership. These unique mortgage programs also offer flexibility in terms of income verification…
No Documentation Mortgage A no documentation mortgage is a type of loan that does not require traditional income verification or tax statements. It was more common in the past but has decreased due to stricter regulations and the 2007-2008 financial crisis. However, options are still available that utilize alternative documents like bank statements. These loans…
High Net Worth Mortgage Lenders High net worth mortgage lenders play a key role in providing specialized financing solutions for affluent borrowers. Understanding their role, benefits, and challenges is essential. Qualifying for high net worth mortgage loans entails evaluating financial status and utilizing assets as collateral. High net worth mortgage lenders offer customized loan options,…
Non Recourse Lenders Non recourse lenders provide financing options for real estate investments in the US. These loans, secured by collateral, do not hold the borrower personally liable in case of default. Understanding the basics, benefits, and differences from recourse loans is essential for investors. Qualifying for a non-recourse loan involves factors like credit score,…
Mortgage for Self Employed Less Than One Year Obtaining a mortgage as a self-employed individual with less than one year of experience can be challenging. Lenders may be hesitant due to perceived risk. However, it is absolutely possible. To increase approval chances, it is recommended to improve credit history, save more for a down payment,…
Fix and Flip Lenders Experienced fix and flip lenders who truly understand investor’s needs can be the most critical element in your investment rehab project. Fix and flip loans are offered by niche lenders when local banks are unwilling to provide financing without collecting income documentation and tax returns. What to Know About Fix and…
Short term rentals or Airbnb properties have become extremely popular over the past decade. Not only do these properties offer an opportunity to vacation in a private setting versus a hotel, but it also can be a great investment for people who are interested in purchasing a home to use as a short term rental….
Super Jumbo Mortgage If you are in the market to purchase a very expensive home with a value in the millions, you may have difficulty finding a lender who can help finance the home for you. This is because all lenders have maximum loan amounts that fall below the amount you need to purchase the…
End of content
End of content
Speak to a Lender Now