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MortgageDepot.com News 

Benefits of Home Ownership

For many people, buying a home is the biggest financial investment they will ever make. The advantages of owning as opposed to renting a home may differ from one person to another, but a few of the benefits most commonly associated with homeownership...

FANNIE MAE- Cash Out LLC UPDATE

As some of you may be aware that Fannie Mae made a change early in the year in 2017 that the individual must be on title for 6 months even if the property in the LLC is owned by the individual. Fannie Mae has now made the change back to allow an individual...

Loan Closed in Under 10 Days

Once again we have proven ourselves and closed a loan in 8 days. With the help of the borrower being very organized and had most of his paper work prepared we were able to submit a loan get an appraisal done and clear the loan in just 8 business days, this...

Piggyback Loans

MortgageDepot is pleased to announce the roll-out of a Simultaneous Home Equity Line of Credit when combined with a First Mortgage loan for either conventional or high-balance loans. There are many reasons why a piggy back loan is the right choice for you....

Non-owner occupied renovation loans

One of the most innovative loans on the market for real estate investors is the non-owner occupied renovation loan. This mortgage allows an investor to borrow the money to purchase a property that’s in need of renovations and also to borrow money to do the...

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