by Irene Moustakas | Sep 26, 2018 | Loan Programs and Products
Many homeowners have reached out to me the past few months asking how best to to tap into their home’s equity and get a cash out loan. The reasons are multiple, but they are usually for one of the following reasons: home improvement projects pay off debt to use the...
by Irene Moustakas | Oct 24, 2017 | Featured, Industry News, Loan Programs and Products
Fannie Mae recently announced a student loan refinance program, which allows homeowners to use their homes’ equity to pay off student loan debt. This is a special program, and even though you’re tapping into your home equity, you are not getting charged a “cash-out...
by Irene Moustakas | Jul 10, 2017 | Featured, Loan Programs and Products
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by Irene Moustakas | Jul 6, 2017 | Featured, Industry News, Loan Programs and Products
The lending landscape has lightened up, and with it new programs and opportunities have become available. Here are some niches that I can assist with, along with a brief explanation of the program. Future Income Program – allows a borrower to close a loan 120 days...
by Irene Moustakas | Jun 27, 2017 | Featured, Loan Programs and Products
Did you know you have options in paying or avoiding Private Mortgage Insurance (PMI)? PMI is charged by the lender when you do not have 20% down payment. It is insurance to protect the lender (not you) against you defaulting on the mortgage, since you are considered...
by Irene Moustakas | Apr 25, 2016 | Industry News, Loan Programs and Products
Did you know that if you don’t have a steady verifiable income, but have a significant amount in assets, there are some lenders that will use that assets to determine your qualifying ratio and may lend to you according to it? It’s called the “Asset Utilization...