fmadmin

Yes. Foreign nationals may qualify for mortgage financing to purchase real estate in the United States, even without U.S. citizenship, a Social Security number, or an established American credit history.…

Mortgage brokers know that not every difficult loan starts with a difficult borrower. Sometimes the borrower has strong credit, sufficient assets, and a clear financing objective. The obstacle is the…

A broker-first approach When the agency path does not work, the deal may not be dead. Non-QM First is a different way to look at the borrower, the property and…

Non-QM loan documents commonly include identification, a completed application, credit authorization, asset statements, property information, and records supporting the selected qualification method. Those records may include bank statements, 1099s, a…

“My business is doing well, but my tax returns do not show much income.” Imagine two mortgage brokers hearing that statement. One assumes the borrower cannot qualify and ends the…

Yes, some mixed-use properties may qualify for a DSCR loan when the financing program specifically allows residential and commercial space within the same property. Eligibility depends on the building’s composition,…

The borrower came to you with a financing challenge. You asked the right questions, explored the options, and helped find a path forward. Now the loan has closed. What happens…

For many borrowers, tax returns are a standard part of the mortgage qualification process. But not every borrower’s financial picture is best represented by taxable income. Self-employed business owners may…

As the fourth quarter begins, the natural instinct is to focus on filling the pipeline with new business. But one of your best year-end opportunities may already be sitting in…

A Realtor has a buyer under contract. The borrower has strong credit, money for the down payment, and a stable financial picture. Everything appears to be moving toward closing. Then…