Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
The other day, FOX news contacted me after reading one of my post wanting to interview some of my successful borrowers who once had a subprime mortgage. You wouldn’t know this from watching the news: a majority of subprime mortgages are performing well. It’s a minority that are not. [Read more…]
I hope you’ll enjoy reading an earlier post of mine that I featured at Rain City Guide. This article was originally written by me on February 13, 2007. Recently FOX News contacted me about it wanting to speak with some of my successful clients who were once considered “subprime”. It’s too bad I had a real short notice and could not help them out. The “successful subprime” borrowers outweigh the others by far. Without further ado… [Read more…]
Let me start by saying, I prefer a “No Income” over a “Stated Income” loan. If you have to “state” an income, you’re potentially setting yourself up for committing fraud. A “no income” verified loan (where your income is blank on the loan application) does come with a slightly higher rate than a stated income loan, however, there are no questions about what is questionable…your income! [Read more…]
Most of the subprime mortgages I’ve originated have been for families who needed a “band aid” with their finances or credit. Borrowers in a subprime situation tend to have troubled credit or finances due to either
