ARM vs Fixed Loans

ARM loans - not as scary as it seems.... As mortgage brokers, we see it all the time - borrowers asking for the 30-year fixed because it's exactly that.... fixed.  It doesn't change.  The rate stays the same and the monthly payment

Reverse PURCHASE?!

Did you know?  Since 2014, Reverse mortgages can be used to PURCHASE a home.  Reverse mortgage programs have been around for a long time to provide an opportunity for seniors 62 or over to tap into their home equity and extinguish

Investment Properties

Real estate is certainly the ticket to building wealth in California but with so many high-priced areas and restrictive lending guidelines, how can a borrower qualify for a second home, much less an entire portfolio of investment properties? 

Hard Money 101

The ultimate value of a mortgage broker comes in the form of providing choice to the consumer, and thus more opportunities to homeowners, even in the most dire of situations.  Hard Money loans have often been associated in the same circles as

Properties in an Irrevocable Trust

What happens when homeowners don’t ever move?  Eventually, the home passes to their heirs after death.  For child beneficiaries, they end up with a pretty good deal.  There’s the classic loophole step-up in tax basis, as well as an

Mortgages for Non-U.S. Citizens

Because of the economic stability and affluence of the United States, the demand for real estate in this country is always strong.  A foreign national who is not a resident in many cases may seek to purchase property and have it financed

Condos with HOA litigation

One of the most hard-to-find mortgage solutions is when a subject condo is under litigation – not just a plaintiff’s suit, or slip & fall, but for dreaded STRUCTURAL DEFECTS.  This happens when the management organization is unable to

Bank Statement Loans Are Here!

Today, ‘Bank Statement’ loans are replacing what was formerly called Stated Income – two dirty words from the good ‘ol wild west which the Dodd-Frank Act thoroughly abolished in 2010.  So then what is new or better about the Bank Statement

Need an ITIN loan option? 

Say what?  No… there is no typo there…  an Individual Taxpayer Identification Number (ITIN – usually pronounced “eye-tin”) is a tax processing number issued by the Internal Revenue Service.  Despite its restrictions on benefits, ITIN

Use RSUs to Buy a Home

After accounting and tax evasion scandals involving stock options rocked the early 2000s, technology employers began issuing companywide Restricted Stock Units (RSU) as a form of compensation to attract and retain employees.  Similar to stock