101.5% CLTV Down Payment Assistance: A New Opportunity For Home Buyers
Purchasing a home just became more achievable with this program. It offers flexible financing options and down payment assistance to support your homeownership goals. With minimal upfront costs and competitive requirements, this program makes owning a home more accessible. Program Highlights: 101.5% CLTV – Includes 96.5% First Mortgage and 5% Down Payment Assistance (DPA). 5% […]
How to maximize commercial mortgages for home buyers, sellers, and investors
Commercial mortgages are loans used to buy or refinance properties that are intended for business use. Some examples include: warehouses retail stores office buildings apartment buildings restaurants and cafes industrial facilities and factories Unlike residential mortgages which help homebuyers, commercial mortgages focus on properties that generate income. Banks […]
New York DSCR Loans – MortgageDepot
We specialize in helping real estate investors finance investment properties in the competitive New York real estate market with our DSCR (Debt Service Coverage Ratio) loans. With years of experience offering DSCR loans in New York, we’ve helped countless investors, including first-timers. Whether you want to purchase a rental property or refinance an existing one, our […]
Nation’s Top Mortgage Lender Takes Loan Servicing In House to Win Even More Business
The mortgage landscape is changing fast, with the two biggest players making major moves to increase their market share even more. Today, top mortgage lender UWM announced it was shifting to in-house loan servicing, a strategic change designed to recapture more repeat business for its vast mortgage broker network. The company is already the #1 […]
Did remote work cause this nearly $1-billion hack?
Painful setback for revived brand The timing of the crisis could hardly be worse for M&S, which has been enjoying a reputational and financial rebound under chief executive Stuart Machin. The company is scheduled to report its full-year results in just three weeks. Last year, its adjusted pre-tax profits stood at £716 million — a […]
About Walter Maychenko – MortgageDepot
Walter Maychenko is a highly skilled Mortgage Loan Officer (MLO), bringing years of experience in residential lending and a deep understanding of financial analysis. He works closely with borrowers to assess their financial standing, guide them through complex loan products, and deliver tailored mortgage solutions that align with their goals. Walter’s approach is built on […]
The hidden value of seller financing
That stigma, Leahy argued, came from a lack of structure. There were no controls, no vetting, no clear standards – just desperate buyers and opportunistic sellers. But now, a mix of economic conditions and professional standardization is making seller financing not just viable, but attractive to a new class of financially qualified borrowers. “Homeowners are […]
Renovation Home Equity Line Of Credit – HELOC
Upgrade your primary residence with MortgageDepot’s Renovation HELOC, a versatile financing solution designed to help homeowners transform their living spaces. Whether in New York, New Jersey, or any other 47 states (except Texas), our full-income check HELOC mortgage provides the funds you need to bring your renovation vision to life. How Our Renovation HELOC Works Unlike traditional loans, our program leverages the After […]
Stagflation could be on the way thanks to market volatility, says LO
“There are many struggles homeowners and potential buyers are navigating,” Black told Mortgage Professional America. “The biggest theme I see right now is where to go to escape the volatility and unknown outcomes of global economic conditions. These are at the forefront of any large decision.” Buyers hesitating to move forward with mortgage purchases has […]
Understanding How Conventional And FHA Loans Handle Derogatory Accounts
When securing a mortgage, derogatory accounts such as collections, charge-offs, judgments, and unpaid taxes can significantly impact your ability to qualify for a loan. However, how these accounts are handled varies greatly depending on whether you’re applying for a Conventional loan (backed by Fannie Mae) or an FHA loan. Below, we break down how Conventional […]