Many retirees and seniors find themselves “asset rich and cash poor”. They have a great deal of equity built up in their homes or even own them outright, but are receiving a very small amount of monthly income from pensions or government...
Topics: Reverse Mortgages

There are numerous reasons why people choose to purchase a 2nd home. They can range from a rental property for investment to a vacation home to a fixer upper that will be flipped in the short term. Regardless of the driving force behind the purchase one..
Topics: 2nd home mortgages, Buying a Home

When you have a good credit history your loan application process is generally completed smoothly. Unfortunately not everyone is in this boat and for those with bad credit getting a mortgage can be a great deal more tumultuous. However there is an ever...
Topics: bad credit, bad credit mortgage, Buying a Home, getting a mortgage

A stated income home equity loan is one where your bank or mortgage lender does not confirm your income or assets in order to give you an approval. While this seems hard to believe at first, this type of loan does indeed exist and has been a saving...
Topics: Borrowing, Buying a Home, home equity loan, Refinance, stated income, stated income home equity loan, stated income loan, Stated Income Products

Today we are going to discuss the combination of two great borrowing solutions known as the stated income home equity line of credit. This flexible product allows a homeowner to borrow against the equity built up in the home on a revolving credit line...
Topics: Buying a Home, Refinance, stated income