FHA home loans have been a go-to option for many interested home buyers because of their attainable guidelines and low down payment requirements. But one thing that sets this program apart is that they have flexible requirements when it comes to your employment.But keep in mind that when you get a mortgage through the FHA, your 2-year employment history still matters. This … [Read more...] about Get a Mortgage With FHA’s Flexible Requirements on Employment
A reverse mortgage, while a controversial loan product, can be a great financial tool for retiring seniors and homeowners. For many seniors who might benefit and qualify for a reverse mortgage, the loan program remains a mystery. Their understanding might only come from a rumor, an infomercial, or from knowledge of old programs that existed during the sub-prime lending … [Read more...] about What is a Reverse Mortgage?
With companies like Amazon and Uber setting up the standards and the norms of user experience online, lenders and realtors of the mortgage industry are pressured to keep up with the pace and deliver the same ease and familiarity provided by these digital platforms.But the question is: Is there such as thing as a fast pass? Welcoming digital … [Read more...] about Mortgage-As-A-Service: A Fast Pass to Mortgage Digital Transformation
What are the steps that you need to take in order to get a mortgage for a home purchase in the United States if you are a non-citizen? Whether it is due to strict laws in your country of birth or you’re taken aback by the whole “build a wall” rhetoric, chances are you immediately assumed that buying and owning a home in the US is next to impossible.Ask again.Though it … [Read more...] about Can You Get a Mortgage in the US as a Non-Citizen
Silicon Valley tech company Blend which aims to bring the whole mortgage process online, garners over $100 million in funding to expand their e-loan products. Really, what can’t you buy online these days? Pizza? New shoes? A degree? Pretty much almost everything - but definitely not a house.Because here’s a fact: the mortgage industry lags behind in technology. But worry … [Read more...] about Blend May Be the Future of Mortgage