No Appraisal Needed
Fannie Mae and Freddie Mac each have announced that they will begin waiving appraisal requirements on a limited number of home-purchase loans they back. Appraisals can still be completed for “peace of mind” but are not required if the home…
Jason Kaplan awarded 2018 top originator.
January 12, 2019 Mortgage Lending Associates is proud to announce that Jason Kaplan has been named a top 20 mortgage loan originator in the State. This award is given to the top 20 loan officers in each state with the…
Stated Income Mortgage 2018
Stated Income Mortgages are available in 2018 and are now referred to as alternative mortgages or Non QM mortgages. This means the income is stated on the loan application and verified by other means than the traditional methods. The traditional…
How Fast can I get a mortgage?
Contact a lender as soon as possible - Get Pre-Approved. Ideally you should get Pre-Approved for a mortgage before you start looking for a home. It makes much more sense to know how much down payment you need and how…
Which Mortgage Lender is best for Self Employed?
Self-employed mortgage loans have long had a reputation of being difficult to obtain since the housing crisis. That is because many self-employed borrowers don’t show enough "qualifying" income. Qualifying income is what the lender uses to determine your income and comes…
5 Mortgage Mistakes to avoid in 2018
1. Shopping for a house before talking to a mortgage professional. Talk to a mortgage professional about getting Pre-Approved for a home loan before you start to seriously shop for a home. It’s more fun to look at homes than…
How Much Down Payment Do You Need to Buy a Home?
What is a Down Payment? The down payment is the money you give to the home’s seller. The rest of the payment to the seller comes from your mortgage. Down payments are expressed as percentages. A down payment of at…