07 May 2019
By Aadil Nathoo

Can I Qualify For A Mortgage Without W-2 Income?

Mortgage, ,
It's more common these days to have non-traditional income that doesn't fall into the W-2 category. Many people work in what is referred to as the "gig economy," where income might come from a variety of freelance sources. Other times, people don't have W-2 income because they are retired or have an independent source of wealth that generates interest income. Still other times, an individual may own their own business and take draws instead of a paycheck. In all these cases, it might seem impossible to qualify for a mortgage, since there's no W-2 income.  Lenders Are Understanding Thankfully, many…
Read More
23 Apr 2019
By Aadil Nathoo

Finding ‘Hard Money’ Lenders Is Easier Than You Think

Mortgage, ,
Are you the type of real estate investor that has an interest in a treasure hunt? A real estate investment strategy based on hard money is, at its core, a treasure hunt. There must be an underlying value, the "treasure," for a hard money opportunity to exist. Collateral For A Hard Money Loan Is Only The Property Hard money loans rely only on the value of the real estate property for collateral. The credit history of the borrower is not important. Usually, the limit for a hard money loan is a 60% loan-to-value. The hard money loan must be in…
Read More
09 Apr 2019
By Aadil Nathoo

4 Ways To Pay Off My Mortgage Faster

Mortgage, ,
For most people, the mortgage payment is the biggest monthly expense. Whether you're facing retirement or still working, it would be nice to be free of this debt. Although you probably can't pay it off in one lump sum, it is possible to pay off your mortgage sooner than expected. Here are four strategies to try. 1. Make Bi-Weekly Payments You could shave eight years off a 30-year mortgage simply by breaking down your monthly payments into two payments instead of one. You'll pay the same amount each month while the interest paid over the length of the loan is…
Read More
26 Mar 2019
By Aadil Nathoo

What Causes Mortgage Interest Rates To Fluctuate?

Mortgage, ,
The mortgage interest rate represents the cost of borrowing money to purchase a property. Mortgage interest rates are not fixed; that is, they fluctuate from one period of time to the next. Many different factors play into what your mortgage interest rate will finally turn out to be. Some of these factors have to deal with the economy and government decisions. Other factors have to do with your personal financial situation. Finally, mortgage interest rates can differ between lending institutions, which is why you may get different mortgage interest rate quotes from different places. Economic Factors That Cause Mortgage Interest…
Read More
21 Mar 2019
By Aadil Nathoo

4 Ways To Get Your Home Loan Closed Faster

Mortgage, ,
You've finally found the perfect home for your family. Now the only thing standing between you and domestic bliss is the loan process. Use these techniques to shorten the amount of time between placing your bid and getting the final approval on your new home mortgage. Perfect Your Credit Rating Your credit score is a measure of your financial responsibility. Lenders look closely at your creditworthiness in their attempt to decide your loan's risk. Before you start shopping, take some time to clean up your credit history. Some credit habits that help shorten your loan approval period include: At least…
Read More