A&D MORTGAGE, LLC
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Closing Costs…the loan amount, and the lender. It’s advisable to obtain a detailed breakdown of the closing costs from the lender before finalizing the mortgage loan. Grow Your Business As a…
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Explaining Property Appraisals and Property Taxes for Homeowners…worth the loan amount. For sellers, an appraisal provides a benchmark for pricing their property competitively. Homeowners who want to refinance their mortgage also need an appraisal to obtain good…
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Non-QM Cash-out Loans with No Seasoning!…a Scenario When a quitclaim deed is used to obtain ownership of a property, the cash-out refinance may not exceed 65% of the property’s value. So, if your clients are…
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Broker Connections – June 2023Check out this month’s message to mortgage brokers from CEO and Founder Max Slyusarchuk: A&D Mortgage has launched Non-QM second liens for a variety of income documentation methods including DSCR,…
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Portfolio Loans: A Flexible Financing Solution…mortgages. However, excessive debt levels without sufficient compensating factors can raise red flags for lenders. Borrowers looking for very large loan amounts may find portfolio loans difficult to obtain. Smaller…
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Conventional Loan…Freddie Mac. This backing allows borrowers to obtain loans with more lenient qualification criteria, lower down payment requirements, etc. Differences of Conventional Loans in Mortgage Conventional loans in mortgage typically…
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FHA Streamline RefinanceIf you have an existing FHA-insured mortgage loan and would like to lower your interest rate and reduce your monthly payment, then you should consider an FHA Streamline Refinance from…
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Using Gift Funds for Down Payments: What Brokers Need to Know to Help Their Clients…a gift and that there’s no expectation of repayment. Here’s an example of a gift letter: Image source: https://eforms.com/mortgage-gift-letter/ While the gift letter is the main document, your client may…
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Bank Statement Loans, Part 4: How to Market Them to Attract Non-Traditional Borrowers…services. In previous parts we navigated through the intricacies of bank statement loans, from the foundational understanding and latest trends to the nuanced aspects of risk assessment. Now we focus…