Flipping an investment property? Here’s what you need to know.
So, you’ve been inspired by Chip and Joanna and have decided to find your very own fixer upper to flip as an investment. You’re not alone. The boom in home makeover shows has inspired a new wave of budding real estate investors to get into
An agreement by the three major credit reporting agencies about the information included in credit reports could result in an increase in credit scores. At MortgageDepot, we want borrowers to understand how this could affect them.
Removing some judgments and liens
Under an agreement reached with state attorneys throughout the country, the bureaus agreed not
Since the deregulation in 1980 “Hard Money” loans have been a accepted alternative to bank financing. With or competitors current rates from 9% to 14%, points ranging from 2% to 5% and most loans being short term bridge loans, it is obviously the last resort on any borrowers mind.
Over the years MortgageDepot has tried
Starting today every county in the country qualifies for High Balance up to $679,650 regardless of the published loan limits.
Take advantage of our exclusive opportunity on conventional high balance loans to all of your borrowers – even those outside of the counties eligible under Fannie Mae and Freddie Mac – instead of having to
We give our borrowers the boost they need by adding Non-Prime loans to our product mix of offerings, great for those looking to refinance higher loan balances. Cash-out gives our clients a little financial breathing room while possibly lowering their monthly payment and interest rate as well.
NON-PRIME CASH-OUT REFINANCE PROGRAM HIGHLIGHTS
- Primary and
The sources of income available to people has expanded in dramatic fashion over the years. More people are relying on unconventional sources of income as a primary means of support as opposed to drawing a salary or earning an hourly wage. At Mortgage Depot, providing superior service to our borrowers means finding loan programs with
If you own an investment property or you are looking to purchase an investment property and you also cannot verify or show your income, we are introducing a mortgage program that fits perfectly. Its NON-QM loan meaning, not a qualified mortgage which is subject to different pricing and different guidelines. This particular program is only intended for investment properties, NO primary
YOUR LOAN WENT FROM SUBMISSION TO CTC IN 13 BUSINESS DAYS!
The Sadowski loan was submitted 1/26 and received the CTC on 2/14!
Great work Marzena and Aimee!
We have made a huge change in our Conventional Pricing.
We also came out with a new MortgageDepot program MDExpress. This will allow for a better rate enhancement to the price for W2’d Borrower, 1 Family Home. Purchase, Rate & Term Refinance as well as a Refinance Cash Out. We will now allow this
Loan officers, Teams, Branch Managers we are still in the beginning of the year if you`re looking or been thinking about joining a company that works with lenders that truly have NO OVERLAYS and Emotionless underwriting.
We have a great place to introduce you to.
We are privately owned mortgage broker and we are very