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…

Acceptable Cash Out Loan Uses Paying off unpaid principal balance of existing first mortgage. Financing the payment of closing costs, points, and prepaid items. The borrower can include real estate taxes in the new loan amount. Delinquent real estate taxes (taxes past due by more than 60 days) can also be included in the new…

The headline requires a bit of context.  The target audience would be those of us who keep tabs on every little move in mortgage rates.  If you identify with that crowd, you’ve seen rates jump higher at the fastest pace since February following a series of uncommonly weak trading days in the bond market. When bonds (which dictate…

Mortgage rates jumped substantially higher today as global markets reacted to yesterday’s Fed announcement.  But that’s really just scratching the surface.  The Fed is a convenient talking point because simply due to timing and the absence of another obvious, singular source of inspiration.  It’s entirely possible that the confluence of other factors would be producing a similar result…

Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week’s Fed announcement. In other words, investors sold bonds (among other things) and in the bond market, selling pressure means lower prices and higher rates, all other things being equal. Despite the poor finish, things started out…

Mortgage rates began the day Wednesday with promise.  Actually, it was the underlying bond market (which largely dictates mortgage rates) was sending promising signals by apparently building on the bigger improvements seen on Tuesday.  This is exactly what mortgage lenders needed in order to feel comfortable setting rates at even lower levels. Unfortunately, not long after the…

Mortgage rates moved lower today after starting the week by jumping noticeably higher yesterday.  Today’s gains came courtesy of global growth concerns early in the trading session and a strong 10yr Treasury auction during domestic market hours.  This morning’s mortgage rates weren’t too much better than yesterday’s, but several lenders offered mid-day improvements after the Treasury auction. …

Happy Labor Day to the Hardest Working Americans out there…From our great US Factories and Farm workers to our First Responders, to the Police, and the Great Military Protecting us!   Thank you!!!  Go Team USA! Labor Day Holiday – Overview The Lending Team Of Dan Cassel and Trinity Mortgage will be closed on Monday, September 6,…

Dan Cassel and Trinity Mortgage are a Licensed California Mortgage Brokerage team in San Diego, CA that works with both Self Employed and Salaried Borrowers to Fund aggressively priced California Residential and Commercial Real Estate Loans of all types, with “Trusted” Institutional Banks, Mortgage Banks, and “Private Mortgage Funds” thru our proprietary “Lending Platform Technology”. Families-Investors rely…