A&D Market Digest for Week of 2/12/24

For many mortgage brokers, self-employed clients can be a challenge. Traditional mortgage qualifications often rely on tax returns, which may not fully reflect their true income potential. But fear not, there’s a solution – the Bank Statement program! In this episode of A&D Market Digest, we’ll unpack everything you need to know about this valuable tool, with insights from our industry expert Mike Pearson. 

Key Hightlights

• Understanding the Bank Statement program. How it helps self-employed individuals qualify for mortgages based on their bank statements, offering a more accurate picture of their income 
• Discovering why A&D Mortgage’s program stands out. Flexibility, competitive pricing, and a unique Concierge Desk that analyzes income upfront 
• Identifying ideal clients for the Bank Statement program. Businesses that have lots of deductions and self-employed borrowers 
• Unlocking pro tips for success. Mastering A&D’s specific guidelines, communicating with an experienced sales team for personalized guidance, and using the handy Quick Pricer 
• Gaining more insights into the Bank Statement program. 4-part blog series, upcoming webinar on February 15th  

Remember, knowledge is power! Equip yourself with the expertise from this episode to unlock the potential of the Bank Statement program and turn your self-employed clients’ homeownership dreams into reality. 

Mortgage News

• Scotsman Guide – Take Advantage of the Best of Both Worlds. As the real estate landscape continues to evolve, the condotel phenomenon offers a unique blend of luxury, convenience and profitability. For those willing to embrace the challenges and complexities, condotels can open the door to a new and lucrative dimension of real estate investing.
• Housing Wire – Mortgage demand ticks up on the strength of purchase applications. The Mortgage Bankers Association reported a 3.7% increase in mortgage applications, with purchase activity showing strength at the start of 2024 despite a slight decrease in purchase applications and a notable rise in refinance applications.