Income and Asset Requirements for a Mortgage

Your lenders will be able to more accurately describe what is needed for their particular programs – however, you do need to be made aware of some important things as far in advance as possible. It used to be that if your credit score was above 720, you didn’t need to be concerned about having […]

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Types of Mortgage Lenders and Programs

Depending on your credit, the type of documentation you are willing to provide and the “loan-to-value ratio” of the property, there are bound to be programs to accommodate your needs through a broad spectrum of different types of lenders. In the end: the lower your score, the fewer documents and the higher your “loan-to-value,” the […]

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3 Months Before You Apply for a Rental Property Mortgage

Nothing will have a greater impact on your ability to refinance or buy more investment property more than your personal credit. You can finance almost anything today with a high credit score – regardless of your income. There are even ways to buy non-owner occupied property without putting any money down and without even having […]

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How a Rental Property’s Title Affects Financing

Your attorney and accountant may disagree with this section, but if you ever need to refinance or get an equity line on an investment property (better known in the mortgage industry as “non-owner occupied property”), the only way to get a favorable program and rate is to have it titled under your own name. If […]

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