A&D Mortgage’s New Guidelines for Easier Mortgage Approvals

We’re excited to share some recent guideline changes at A&D Mortgage that will greatly benefit your clients. These changes open up new opportunities and make it even easier for your clients to secure the mortgage solutions they need. We are committed to providing the best service to our partners, and these updates reflect our dedication to delivering outstanding mortgage options.

Tradeline Requirement Waiver

A&D Mortgage is pleased to announce that we will now waive tradeline requirements for your clients under certain conditions. Specifically, we will waive the tradeline requirement if:

• The primary borrower has three (3) credit scores on loans with income verification.
• At least one borrower has three (3) credit scores on DSCR (Debt-Service Coverage Ratio) loans.

This update provides more flexibility for your clients, particularly for those seeking loans in the US, whether they are permanent or non-permanent residents. It streamlines the application process and helps your clients secure their mortgages faster and more efficiently.

Increased Deductible for Property Insurance Perils

To further enhance the benefits for your clients, A&D Mortgage has increased the maximum allowable deductible for all required property insurance perils from 5% to 10%, making homeownership even more accessible and affordable. This change allows your clients to benefit from:

• Lower monthly premiums: A higher deductible means that the homeowner will pay more out of pocket in the event of a claim, but it will also mean that they will pay lower monthly premiums. This can be a significant savings, especially for homeowners who are on a budget.
• More flexibility to choose a policy: With a higher deductible, homeowners will have more flexibility to choose a policy that meets their needs and budget. For example, they may be able to choose a policy with lower coverage limits or fewer bells and whistles.
• Potential tax benefits: In the United States, homeowners can deduct the amount of their property insurance premiums from their federal income taxes. With a higher deductible, homeowners will be able to deduct a larger amount, which can save them money on their taxes.