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…
Mortgage Loans for Self-Employed Borrowers & COVID-19
Appraisal Waivers: How Do I Qualify For It?
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…
What a Homebuyer Can Do Now to Better Position Themselves for the Home Buying Process
In the past few weeks, we have seen major changes in our world, economy, and lives. The COVID-19 health crisis is spreading viciously throughout the entire world. Individuals and businesses…
Different Types of Private Mortgage Insurance
There are four types of private mortgage insurance that are issued with Conventional loans. Figuring out which one is the right fit can be challenging as each type of Mortgage…
Recasting – What is it and Why should you do it?
Recasting, or otherwise known as “re-amortization”, is a feature offered on many of Bluefire Mortgage Group’s loan products. So what exactly is recasting? Recasting is when you make a large…
Why Getting Pre-Approved is Important
When looking to buy a new home, borrowers will often hear that they should get pre-approved for a mortgage before they start searching, but will ask why this is necessary?…
Interest Rate Locks: Why Is This Important?
Just like any goods or services, interest rates for mortgage loans can have a either a cost or offer a credit. This is also known as price. The price of…
Did Student Loan Debt and Residential Mortgage Loans Just Become Best Friends?
Student loans are a problem for a lot of borrowers who are trying to qualify for a mortgage and for some they often create monthly cash flow problems. What if…
New High Balance Loan Limits for All Counties!
We are proud to announce that we are now able to offer High Balance loans to all counties in California regardless of a specific county’s loan limits. You may be…
“I Am Self Employed…How Will I Ever Get a Mortgage?”
While being self-employed can make the underwriting process of getting a mortgage more difficult, it by no means makes it impossible and with these tips, you can make it that…
