12 Ways to Secure a Down Payment for Your Mortgage

If you are a first time home buyer, one of the biggest challenges is your down payment. To help with this process, I have put together the most comprehensive list of possible down payment sources! Listed below are 12 different ways to secure a down payment for your home purchase and the documents you’ll need to do it. You can use one or a combination of many!…

Qualifying for a Home Mortgage ON H1B, L or O Work Visas, OR ON EAD

If you are a non-permanent resident on a valid work permit such as H1B, L1A, L1B or O Visa, or an Employment Authorization Document (EAD), you need to be aware of few mortgage guidelines to qualify for Conventional or FHA loan. We will look into some of the basics of qualification today! To begin, there are two major base qualifications that a broker will look into before anything else can be processed. Any documentation you are able to provide along these…

Impact of Mortgage Pre-approval /pre-Qualification letter in a low housing inventory environment

According to the National Association of Realtors, total listings of home for sale are down by 8.1% over the past year alone and have fallen steadily for 33 consecutive months. With multiple bids on most of the properties listed for sale, low housing supply keeps this a seller’s market as buyers face affordability issues.…