If you’re considering purchasing an investment property, you’ve probably heard about using an LLC (Limited Liability Company) to close your loan. While some may think of this as just another layer of complexity, closing your investment property loan in an LLC can offer a number of advantages. Here’s why this strategy is worth considering. ### […]

In today’s digital age, data breaches are becoming increasingly common, putting your personal information at risk. A recent breach has surfaced, potentially exposing sensitive data, including Social Security numbers, to the dark web. This exposure could lead to identity theft, financial fraud, and other serious consequences. It’s crucial to take immediate steps to protect yourself. […]

When navigating the home-buying process, one of the most important decisions you’ll face as a buyer is how to structure your mortgage. Among the various choices, whether to pay for mortgage points or opt for a no-points mortgage is a critical decision that can significantly impact your financial future. At Leverage Lending Group, a trusted […]

At Leverage Lending Group, we understand the excitement of finding your dream home and the stress that can come with selling your current one. In today’s competitive real estate market, making a non-contingent offer can make all the difference. That’s where a bridge loan comes in. **What is a Bridge Loan?** A bridge loan is […]

In the ever-evolving landscape of home financing, traditional mortgage options may not always be the best fit for everyone. This is particularly true for self-employed individuals who may find it challenging to meet the stringent income documentation requirements of conventional loans. Enter the bank statement loan – a flexible, accessible, and increasingly popular solution designed […]

Introduction Closing costs are an essential part of the home-buying process. Understanding these fees can help you budget accurately and avoid surprises at the closing table. Common Closing Costs ·       Appraisal Fees: Typically $500-850, covering the cost of evaluating the property’s value. ·       Title Insurance: Protects against legal issues with property ownership, usually around 0.5% of the […]

Introduction Choosing the right type of mortgage is crucial for your financial future. Understanding the different options available will help you make an informed decision. Fixed-Rate Mortgages Predictability: The interest rate remains the same throughout the loan term, making your monthly payments stable. Term Lengths: Common terms are 15, 20, or 30 years. Best For: […]

Introduction A common misconception is that a credit score is a must for securing a mortgage. However, it’s possible to get a mortgage without one, particularly if you’ve paid off all your debt. This process is known as manual underwriting. Understanding Manual Underwriting Manual underwriting involves a more thorough review of your financial situation. Here’s […]

Introduction Qualifying for a mortgage is a significant step towards homeownership. Understanding the criteria and preparing your financial documents can make the process smoother. Here’s what you need to know to get started. Income Verification Lenders will require proof of your income to ensure you can afford the mortgage payments. This typically involves: Pay stubs from […]

As a mortgage broker, staying informed about the ever-changing dynamics of the housing market is crucial to helping our clients make the best decisions. Recently, the National Association of Realtors (NAR) published an insightful article, “The Dual Impact of Lower Mortgage Rates on Affordability and Availability of Homes,” which sheds light on how current mortgage […]