Non QM Loan

Non-Qualified Mortgages (Non-QM) are mortgages that don’t meet the “qualified” standards set by the government. They cater to people who are just a little outside the norm – self-employed borrowers, those who write off all their expenses, or people without a standard paycheck. If traditional loans slam the door in your face, a Non-QM might be the back door you’re looking for.

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FHA or Conventional

If your credit score is looking rough, and you don’t have much cash for a down payment, FHA is probably your best bet. On the other hand, if you’re someone with a bit more financial padding, a Conventional loan could be the way to go. You’ll get rid of mortgage insurance faster, and with higher credit, those better rates are likely to save you money over time.

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APPROVED for a Mortgage Loan: Unlocking Confidence with Underwriting Before Home Shopping

In the world of buying homes, there’s a new way that’s gaining attention – getting approved for a mortgage loan with a TBD (To Be Determined) application. Instead of the traditional pre-approval process, this method gives you underwriting approval before you even start looking for a house. It might sound a bit fancy, but it comes with some big benefits. Let’s dive into why choosing Approved for a mortgage with a TBD application over the regular pre-approval route is a smart move.

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