A Non-Qualified Mortgage (Non-QM) loan is a type of mortgage that does not meet the standards set by the Consumer Financial Protection Bureau (CFPB) for a qualified mortgage (QM). These standards were put in place to ensure that borrowers are not given loans they cannot afford and to protect them from predatory lending practices. The …
A jumbo loan, also known as a non-conforming loan, is a type of mortgage that exceeds the conforming loan limits set by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac. These limits are determined by the Federal Housing Finance Agency (FHFA) and are based on median home prices in a specific area. In general, …
Credit cards can be a powerful tool for building and improving credit, but they should be used responsibly. When used correctly, credit cards can help to establish a credit history, improve credit scores, and even save money through rewards programs. However, if not used responsibly, credit cards can lead to high levels of debt, penalties, …
How you can use Credit Cards to Help your Credit Read More »
A USDA mortgage is a type of home loan that is guaranteed by the United States Department of Agriculture (USDA). These loans are designed to make homeownership more accessible to people who live in rural or suburban areas, and who may not qualify for a conventional mortgage. The USDA sets guidelines for the types of …
An FHA mortgage is a type of home loan that is insured by the Federal Housing Administration (FHA), a government agency. These loans are designed to make homeownership more accessible to people who may not qualify for a conventional mortgage. The FHA sets standards for the types of loans they will insure and provides mortgage …
Qualifying for a home loan involves demonstrating to a lender that you have the financial resources and creditworthiness to repay the loan. There are several factors that lenders consider when evaluating a borrower’s eligibility for a home loan, including the following: In conclusion, qualifying for a home loan involves demonstrating to a lender that you …
Mortgage insurance is a type of insurance that is required by some lenders in order to protect against the risk of default on a mortgage loan. It is typically required when the borrower makes a down payment of less than 20% of the purchase price of the home. There are several different types of mortgage …
Purchasing a home is a significant decision, and there are several factors to consider when choosing between a condo, townhome, or single family home. One key difference between these types of homes is the ownership structure. Condos and townhomes are typically part of a larger complex or community, and the owner of the unit only …
What’s the Difference in Buying a Condo, Town Home or a Single Family Residence? Read More »
There are several reasons why mortgage brokers may be a better option than a bank for some borrowers. One reason is that mortgage brokers have access to a wider range of financing options. Because they work with a variety of lenders, mortgage brokers can shop around to find the best deal for a borrower. This …
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Elections can have a significant impact on interest rates, as the outcome of an election can influence the direction of monetary and fiscal policy, which can in turn affect the level of interest rates. Monetary policy refers to the actions taken by a central bank, such as the Federal Reserve in the United States, to …
Mortgage Broker
Jonathan Torres
1522 Penman Rd.
Jacksonville Beach,
FL 32250 NMLS#1994043
Phone: 518-368-0090
Serving: FL,TX,TN,ND,NC,MT,MI MA,GA,CT,AL
Barrett Financial
2314 S Val Vista Drive, Suite 201 GIlbert, AZ 85295
NMLS#181106
Phone: 480-459-4500
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