Entries by Prime Choice Funding
Forbearance and How It Affects You
Mortgage forbearance is an agreement with your lender to temporarily suspend payments. But how does forbearance work and how does it affect you?
My Home Valuation Came Back Low. What Now?
Waiting for home valuations is one of the more nerve-wracking parts of the home buying process. What’s worse? When it comes back much lower than you expected – or lower than the offer. Why did it come back low? How do you salvage this? It’s tough to stay calm when the deal seems to be […]
No Doc Loans for Investors
Real estate investing is both exciting and monotonous; lucrative and costly; challenging and conquerable. Whether investors choose wholesaling, land-lording or real estate investment trusts — or a combination of the three — few do it simply for the fun of it. Most often, they seek a profitable living from this activity. Yet the nature of […]
What Is a No Doc Loan?
In an era when interest rates are attractive and processing is streamlined, getting a mortgage is as quick and painless — so to speak — as it ever was. With the prevalence of automated underwriting systems and relaxed, pre-banking crisis guidelines, loan applicants find that their approvals are accelerated and the terms are favorable. One […]
What Is a Bank Statement Loan?
In January of 2019, Forbes magazine announced that “The explosion of the gig economy continues unabated.” Noting that 55 million Americans engage in either freelance or contract work, the article predicted a further increase in 2020. While entrepreneurship and hustle are trademarks of the successfully self-employed, so too are hours of paperwork and a good […]
Saving People Time Is Always Worth It
The less time our clients spend jumping through hoops, the more time they can spend on doing what matters.
