A proof of funds letter sounds simple, and in many ways it is. It is a document that shows you have enough liquid money available to cover the part of the home purchase that needs to come from you. But in real mortgage transactions, this document creates more confusion than it should. Buyers mix it … Read more
DSCR and Non-QM loans are often mentioned in the same conversation, and that creates confusion for a lot of borrowers. Some people think they are the same thing. Others assume they are completely separate products. The reality is simpler than it sounds. Non-QM is the broader category. DSCR is one type of loan within that … Read more
Divorce changes your life fast. Your mortgage, unfortunately, does not change with it. The biggest mistakes happen when people assume a divorce decree automatically updates the loan, the lender, and the liability. It doesn’t. A mortgage is a contract, and the lender only cares what the note says and who is legally responsible for paying … Read more
Securing a mortgage as a freelancer can be a daunting task, but it’s entirely achievable with the right approach. Unlike traditional employees with steady paychecks, freelancers face unique challenges when applying for a home loan. This guide will walk you through the steps involved in qualifying for a mortgage as a self-employed individual. From understanding … Read more
Bank statement home loans offer relaxed guidelines versus traditional mortgage loans. If you need to acquire funds in a hurry, you might qualify for an asset-based home loan. Abo Capital helps qualified self-employed borrowers obtain no doc mortgage loans. What is a No Doc Mortgage Loans? Self-employed borrowers often encounter financing challenges. By writing … Read more
Private money lenders offer financing that’s typically unavailable through traditional banks and mortgage companies. Whether you need a bridge loan or to borrow money from an income producing property, a private money lender is a great resource. You can find private money lenders for real estate and for business purpose loans. Abo Capital specializes … Read more
Self-employed home buyers can achieve the American Dream of Homeownership. Whether you operate as a limited liability company, a sole proprietor or as an independent contractor, you might qualify for a home loan. Reputable lenders offer affordable mortgage loans for self-employed home buyers. How Can I Get a Mortgage Loan if I … Read more
Mortgage calculators provide instant payment computations. If you’re buying a home or wondering how much you can save by refinancing, a mortgage calculator is the ideal financial tool. Using a mortgage calculator, you can quickly estimate the amount of your monthly loan payment. About Mortgage Calculators Lending professionals, such as mortgage … Read more
A mortgage note provides repayment terms and details about the agreement between a borrower and a lender.
No-Doc Mortgage No-doc mortgage, also known as no-income or stated-income mortgage allows an applicant to qualify for lending using non-standard documentation. A no-doc mortgage does not require income verification from the borrower. Instead, lenders approve this loan based on the declaration that the borrower can afford to make the loan payments. No doc mortgages come … Read more