How Do You Document Your Income?
A documentation loan is any loan that requires full information substantiating a borrower’s claims of income and assets to gain financing.
Learning Lab / Category: Purchase
Category: Purchase
Amortization – How to choose between 10 or 30 year options?
When you acquire a mortgage, the lender divides the repayment schedule into several monthly installments over a fixed period.
Definition of ‘Assets’ on Loan Application Form 1003
Assets refer to a wide variety of items you own that have a monetary value.
Advantages Of Investment Mortgage Loans Over Cash Purchases
In short, a CAP rate on a commercial property is simply a way for investors, lenders, and other real estate professionals to quickly see the strength of the subject
American hotel executive in Toronto purchases home in Austin for rental income.
This client was the General Manager of the top luxury hotels in Toronto.
What Is Escrow and How Does It Work?
Escrow refers to a financial account in which the funds are managed by an intermediary like a law firm or dedicated escrow company on behalf of the two parties committed to a dealing or transaction.
Scottish doctor buys three-unit triplex in Baltimore to rent to students at John Hopkins.
Our client was a former doctor at John Hopkins but moved back to Edinburgh, Scotland.
Couple in Their 70s Refinances Their Existing Investment Property To Release Cash.
A married Singaporean couple in their early 70s living in Singapore with a small portfolio of U.S. investment property.
What is an Appraisal – and how is it used in a mortgage?
An appraisal is simply an ‘official’ assessment of a property value.