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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…

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…