Residential Loan Documentation Checklist   1) Copy of 2019/20 Fed Taxes, all pages; Copy of Form 1040/Schedule C.   2) 2 most recent Year to Date Pay Stubs  3)Last 2 Statements for ALL checking/savings/investment/retirement accounts   4) Bank Statement Loans – supply 12-24 Month Statements, all accts, for Analysis  5) Employment information – Salaried and/or Self Employed – confirm  6) Current address/phone/mortgage statement(s) we would pay off if REFI  7) Mortgage statements/addresses for any other properties owned …

Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.529 (designated now as “Omicron”), a new covid variant hit the market like a ton of bricks on Friday morning.  48 hours earlier, Google had never heard of…

Mortgage rates began the new week on a bad note with the average lender full erasing the improvement seen on Friday.  This leaves many lenders at their highest levels since April, but in those cases, it should be noted that today’s rates are extremely close to those seen in late October.  In other words, we’re essentially back…

Mortgage rates continued higher again today, despite a fairly flat performance in the bond market.  Specifically, the mortgage-backed securities (MBS) that directly influence mortgage rates were almost perfectly flat on the day.  Normally, this would suggest very little change to the average lender’s rates.  Unfortunately, the average lender still had to get caught up with yesterday’s market losses. …

Honoring All Veterans on Veterans Day!!!  Honoring our men and women Heros who have served our country and protected our freedoms.  We are forever grateful!!! God Bless America!

Mortgage rates are directly based on trading levels in the bond market, so it’s almost a given that rates will move in the same direction as bond yields on any given day.  But for a variety of reasons, it doesn’t happen like that every day.  Today was just such a day. That’s a good thing this time around considering…

For anyone following interest rates very closely in 2013, the taper tantrum is not easily forgotten. It describes the bond market’s knee-jerk response to the realization that the Federal Reserve would be winding down its bond purchase program. With the Fed almost certain to make a similar announcement next Wednesday, should we be scared yet…

 Can you get a mortgage without tax returns? Yes! There are Several  Mortgage Loan Products that we can offer Without Federal Tax Returns if you are Self-Employed.  Here we go.… Self Employed? – 4 Mortgage Options to get a Mortgage Without Tax Returns If you are Self-Employed and show significant tax write-offs, you may have been told you don’t…

In summary, there are 5 ways to get approved without tax returns … Personal Bank Statement Loans Business Bank Statement Loans Profit and Loss Only Mortgages Wage Earner (traditional) Cash Flow Mortgages For all options listed (except #4), these are a type of Non Qualified Mortgages or NON -QM loans which are designed to meet the needs of…