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 […]
Mortgage Rates Want a Trade Deal, But Patience Might Be Needed
If the last few days are any indication, mortgage rates want a trade deal. They don’t like tariffs, trade wars, or any of the uncertainty that comes with them. Instead, they crave clarity so bonds can settle down and provide direction for the market. So if you’re rooting for a lower mortgage rate anytime soon, […]
Current market turmoil may be the new normal, says analyst
Chaos could become permanent fixture in this political climate, leading to long-lasting impacts
DSCR HELOC – MortgageDepot
Mortgage Depot offers flexible loan options for rental property investments and purchases. Our DSCR HELOC products include opportunities to refinance according to the property’s rental income. The DSCR HELOC works similarly to a standard home equity line of credit; however, this mortgage is available for investment properties. Our lenders assess the rental income from the […]