Answers to the most common questions when it comes to non-qm mortgages.
Deephaven In The News
Everything you need to know about closed end second mortgages
A significant number of homeowners have substantial equity built in their homes, and a low interest rate to go with it. There are many who might like a cash-out refinance but can’t see losing their low rate on their mortgage. On top of that, they have unique...
Business Purpose Lending Provides Flexibility for Loan Officers
Business purpose loans provide loan officers the flexibility to fully serve their real estate investor clients. Loan officers who understand how business purpose loans work and what it means to offer a true LLC lending product can potentially increase their volume....
Non-QM Products to Close More Loans
The demand for Non-QM continues to grow! Even in today’s challenging market, Non-QM remains resilient and continues to increase in market share. Chief Sales Officer Tom Davis and SVP of Correspondent Sales Shelly Griffin explain why and the products most utilized....
What all loan brokers and officers need to know about Non-QM mortgage underwriting.
Underwriting, as a general practice, is the assessment of risk. According to Wikipedia, mortgage underwriting is “the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower is acceptable.” What, exactly, that means in the...
Non-QM Loan Requirements
What you need, and don’t need, to apply for a Non-QM mortgage.
The Total Asset Calculation Mortgage
What is it and who is it for?
DSCR Loans Offer a Path Forward for New and Seasoned Investors
DSCR Loans Offer a Path Forward for New and Seasoned Property Investors
How to get a mortgage with bank statements and 1099s
If you’re self-employed, congratulations! Working for yourself can be an exhilarating and rewarding experience, and a way to fulfill a long-held dream. As a self-employed individual, you’re also in the vanguard of the changing workforce. Since the COVID-19 pandemic...
Read this Before You Apply for a Bank Statement Mortgage
Once upon a time, most American home buyers had regular jobs with regular companies that paid them every week or two weeks with regular paychecks. Not anymore. Over the past 15 – 20 years, America’s workforce and employment models have undergone significant...