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, …
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 …
Purchasing a home as a self-employed individual can be a unique and sometimes challenging process. There are several key factors to consider when preparing to buy a home as a self-employed individual, and it is important to be aware of these factors in order to increase your chances of success. In this essay, we will …
Top 10 Things You Need if You’re Self Employed and Trying to Buy a Home Read More »
Purchasing a home is a major financial and emotional decision, and it’s important to be fully prepared before taking the plunge. Here are some steps you should consider taking prior to purchasing a home: By taking these steps and working with a real estate professional, you can ensure that you’re fully prepared to purchase a …
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Buying a home is a major financial and emotional decision, and it’s important to be fully informed before taking the plunge. Here are ten key questions to ask when considering the purchase of a new home: Asking these ten questions can help you make an informed decision when buying a home and ensure that you …
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Deciding when to lock in your mortgage rate can be a challenging decision for many borrowers. A mortgage rate lock is a commitment from a lender to provide a specific interest rate and loan terms to a borrower for a specified period of time, typically 30 or 60 days. By locking in your mortgage rate, …
A mortgage rate is the interest rate that a borrower must pay on a home loan. The mortgage rate is determined by a variety of factors, including the terms of the loan, the borrower’s credit score and financial history, and the current market conditions. When a borrower applies for a mortgage, the lender will typically …
Finding the right location for a new home is an important decision that can have a major impact on your quality of life. There are a few key things to consider when trying to find the right location for your new home. First and foremost, it’s important to think about your budget. The cost of …
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First-Time Homebuyer Steps to Success Buying your first home is exciting but can be overwhelming. Not only must you find the right home, but you must secure financing too. However, getting your first mortgage doesn’t have to be stressful with the right steps. Here are the first-time homebuyer steps to success to make buying your …
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
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