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Portfolio Loans

Interest Only Portfolio Loan Options

Interest Only Portfolio Loans

What We’ve Learned Interest only loans were very popular at one time, and were mostly associated with what are now called toxic or subprime mortgages. Now that we are finally returning to a normal real estate and mortgage market, it’s good to see that lenders are making a responsible effort to bring back more creative…

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Is a Portfolio Loan a Good Option?

Portfolio Loan Options

Not What You Think When you hear terms like hard money, or private money, or portfolio loan, many people think about high interest rates, high fees and subprime loans. The truth about these types of loans is that they serve a very specific and much needed purpose in today’s post market crash world of home…

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Jumbo Loan Low Downpayment Options

Jumbo Loan Downpayment Options

Get the Low Down A Jumbo home loan is any mortgage that exceeds conventional conforming loan limits for the County that you’re buying in. Once your loan amount exceeds the conforming loan limit, everything changes. The biggest difference is that the automated underwriting guidelines created by Fannie Mae, Freddie Mac, FHA, VA or USDA no longer…

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Portfolio Loan Interest Rates and Guidelines

Portfolio Loan Solutions

Specialized Solutions A portfolio loan is a home loan that falls outside of the underwriting guidelines of more traditional types of home loans. Traditional underwriting guidelines include Fannie Mae, Freddie Mac, FHA, USDA and VA.  Traditional loan approvals are often required to be submitted and approved through an automated underwriting system. Traditional loan programs have…

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How No Waiting Period Portfolio Loans Work

Fresh Start No Waiting Period Portfolio Loan

Portfolio Loans Portfolio loans give homebuyers options for buying a home after a financial hardship with little to no waiting period. These programs allow no waiting period from the completion financial event if it is a chapter 7 bankruptcy, foreclosure, deed in lieu of foreclosure, or short sale.  The filing of a chapter 13 bankruptcy…

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Are Self Employed Mortgages Making a Comeback?

Self Employed Home Loans

Qualifying Income Let’s face it, the only difference between a standard, traditional loan and a “self employed” home loan is how you document your qualifying income. Most self employed people will do absolutely anything and everything to reduce your taxable income. This is great when it comes to paying the IRS, but bad when it…

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