We facilitated borrower’s jumbo purchase loan in the previous year. Because the high-balance conforming loan limit increased above the borrower’s loan amount, we were able to refinance him into a conforming loan with a lower rate resulting in a savings of several thousand dollars a...
Borrowers have owned a successful business for over 25 years and own a multimillion-dollar home with a jumbo loan that needed to be refinanced. Because they do not claim a large amount of income, they did not qualify under full documentation underwriting. By providing 3...
Borrowers with limited income on paper, but an abundance of assets wanted to purchase a new home. Because of a slight credit blip, we had to move through two transactions to achieve the clients’ low-rate goal. On both loans we applied asset depletion (the lender...
Married couple with a child on the way desperately wanted to buy a home but did not have funds for a down payment and their credit score was below average. However, as a union truck driver, the borrowers did have the necessary income to qualify....