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Blog Image: VA Interest Rate Reduction Refinance Loan (IRRRL)

VA Interest Rate Reduction Refinance Loan (IRRRL)

The VA loan program was instituted in 1944 and is one of the most popular mortgage finance options in the United States to this day. VA loans are backed by the U.S. Department of Veterans Affairs and allow veterans access to mortgage options without a down payment or private mortgage insurance (PMI).    Millions of military veterans have taken advantage of this unique housing benefit. But what happens if you have a VA loan and are having trouble making your monthly payments or want to lower your interest rate or payment with little to no equity? A VA In...

September 24th, 2020 VA Interest Rate Reduction Refinance Loan (IRRRL)

Blog Image: Need a business loan with bad credit?  We can HELP!!!

Need a business loan with bad credit? We can HELP!!!

Credit scores are essential to the world of borrowing. Having the right score can make securing funds simple, while the wrong score can lead to frustration. Finding business loans for bad credit or even less than perfect credit can be an uphill battle, as all too many business owners have learned. Banks and other traditional lenders are constantly looking to reduce risk. The last thing they want is to give money to an individual or business that may not be able to pay it back. Today’s economic atmosphere is stricter than ever. That’s why the focus on credit scores has become int...

September 24th, 2020 Need a business loan with bad credit? We can HELP!!!

Blog Image: Move to the Country With a USDA Home Loan

Move to the Country With a USDA Home Loan

This year isn’t what any of us expected, and between coronavirus, lockdowns, social unrest, and natural disasters, many Americans have been inspired to relocate, with an increasing number looking to move away from big cities. If you have the privilege of remote work and the funds to relocate—you may be looking for a quieter, slower-paced lifestyle in rural America—you’re not alone. According to a recent Realtor report, there was a 15% uptick in rural home searches in May. With rock-bottom interest rates, you may also be eager to buy a home. But if y...

September 23rd, 2020 Move to the Country With a USDA Home Loan

Blog Image: Bank statement mortgages for self-employed

Bank statement mortgages for self-employed

No tax returns? No problem Business owners and contractors, likely won’t have the tax forms needed for a traditional mortgage. But if you have non-traditional income, you might be able to get a “bank statement mortgage.” That means you simply prove your income by showing one or two years of regular bank deposits. Fortunately, a bank statement loan program may be an ideal solution. What is a bank statement mortgage program? A bank statement mortgage allows you to verify your income on a mortgage application using documented bank deposits in place of tax for...

September 14th, 2020 Bank statement mortgages for self-employed

Blog Image:  Texas rolls out emergency rental assistance program

Texas rolls out emergency rental assistance program

As the $600 COVID-19 unemployment bonus comes to an end this month, many people will be left not knowing how they will pay their bills. In anticipation of that, the City of Austin, Texas, on Tuesday announced the rollout of a $17.75 million rental assistance program for residents affected by COVID-19. It marks the second such program the Texas capital has rolled out since the COVID-19 pandemic began. On June 11, Travis County Judge Sam Biscoe ordered that property owners in the county were prohibited from evicting or issuing notices to vacate until July 25. Meanwhi...

August 1st, 2020 Texas rolls out emergency rental assistance program

Blog Image: Mortgage rates  fall below 3% again

Mortgage rates fall below 3% again

The average cost of a 30-year fixed-rate mortgage fell to 2.99 percent this week, mortgage giant Freddie Mac said. That was down from 3.01 percent last week and up a fraction from the recent all-time low of 2.98 percent. With the U.S. economy in recession because of the coronavirus pandemic, mortgage rates have plunged to record lows. In a separate survey of rates by Bankrate, the average 30-year fixed-rate mortgage fell to an all-time low of 3.30 percent. The gap is because Bankrate’s figure includes points and origination fees averaging 0.33 percent, while Freddie Mac’s numb...

July 30th, 2020 Mortgage rates fall below 3% again