A non-qualified mortgage (non-QM) doesn’t adhere to the lending standards set out by the Dodd-Frank Act. These regulations were originally issued to ensure borrowers have the ability to repay their…

What is an ARM? An Adjustable-Rate Mortgage (also called a variable-rate or floating mortgage) is a type of mortgage where the interest rate applied on the outstanding balance varies throughout…

The Supplemental Real Property Tax Law was signed by the Governor in 1983 and is part of an ambitious drive to aid California’s schools. This property tax revision produces over $300 million per year in revenue for schools….

Interest rate volatility refers to the variability of interest rates on loans and savings over time. As a business owner, it’s vital to recognize and track interest rate volatility to take advantage of high savings rates and…

The Covid-19 pandemic has brought an influx of change this year – specifically with trends directly impacting the real estate market.  The residential real estate market was tight, with deficient…

When a self-employed borrower applies for a mortgage loan, there are additional layers of scrutiny that they will face due to a tightening of credit in the capital markets. While…

A subordinate lien is any mortgage or solar lien which is recorded in second position on a property that is subsequent to the first mortgage. Anytime a borrower is choosing…

Whether you are buying, refinancing, or selling a property it is likely that an appraisal needs to be done. An appraisal report is an unbiased opinion on the value of…

When searching for a property, it is a good idea to understand the rules and guidelines of each of the three main property types: Primary residence, a Secondary residence, and…

The mortgage loan process requires many essential critical components. Some of these components consist of vendors, such as escrow companies, title insurance providers, as well as the IRS for tax…