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 […]
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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,
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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
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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,
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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
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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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If inflation starts to come down, it is likely that interest rates will also decrease. Inflation and interest rates are closely related, and changes in one often lead to changes in the other. Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is
If Inflation Comes Back Down, What Will Happen with Interest Rates? Read More »
Have you ever heard that a borrower has VA financing and turned them away? Unfortunately, it happens more o?en than most people think. However, VA financing is much more aBracCve than most people realize, and VA borrowers shouldn’t be turned away. VA loans help veterans who served our country secure financing. The loan is governmentbacked,
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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
275 E Rivulon Blvd, Suite 200, Gilbert, AZ 85297
NMLS#181106
Phone: 480-459-4500
© 2022 Jonathan Torres | All rights reserved. Jonathan Torres | NMLS #1994043 | Promise Mortgage powered by Barrett Financial Group, L.L.C. | NMLS #181106 | 275 E Rivulon Blvd, Suite 200, Gilbert, AZ 85297 | AL 22977 | CT ML-181106 | FL MLD1880 | GA 181106 | MA MC181106 & MC181106 | MI fl0022342 | MN MN-MO-181106 | NC B-203722 | ND MB103863 | TN 204577 | TX view complaint policy at www.barrettfinancial.com/texas-complaint | Equal Housing Opportunity | This is not a commitment to lend. All loans are subject to credit approval. | nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106