How Do Non-QM Home Loans Get Scrutinized?
Far fewer home loan applications are denied than you might initially think. In fact, recent statistics suggest that only about 8% of mortgage applications are initially denied. One big reason for this low rate of denials, however, is that most Americans who don’t think they can qualify for a mortgage won’t go through the application.. Read More
Non-QM Prime Rates: What to Know
As most Americans know, obtaining a home is no longer as simple as getting a good job, establishing credit, and taking out a loan. Now, the rising prices of homes alongside banker insecurity are causing more Americans to fall short of being able to qualify for a traditional home loan. If you’re currently hoping to.. Read More
How to Get a Mortgage in the US as a Foreign National
Recent statistics reveal an interesting trend regarding foreign investors in the US housing market. By mid-2022, foreign investors made up a whopping 58%, or $34.1 billion worth, of the volume of the overall U.S. housing market. This statistic indicates that more foreign nationals are interested in purchasing US property. Are you currently included in that.. Read More
Will the Banking Crisis Impact Mortgage Rates?
Unless you have plenty of currency to spare, you’ve likely felt the impact of drastically increasing prices across the board. Home prices haven’t been immune to the shift, either. In December of 2022, home prices rose an average of 8.8% YoY after already increasing about 12.2% the previous quarter. Now, amidst the rising prices, there’s.. Read More
Non-QM Loans are on the Rise
As we head deeper into 2023, it also feels a lot like we’re heading deeper into financial turmoil. Our economy is currently on life support, and things don’t seem like they’ll get much better unless the geopolitical landscape changes. With debt, interest rates, and even prices on the continual rise, it makes sense that more.. Read More
Non-QM Loan Stability Stands the Test of Time
When times get financially tough, most lenders will abandon you as quickly as they sold you the terms of your loan. That’s because at the end of the day, most lenders only care about your ability to pay them back and earn them a profit. This dismaying fact is why so many Americans struggle to.. Read More
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