Home financing may be getting easier for homebuyers. One of the mortgage companies here in the Tampa Bay area that I’ve been working with is Caliber Home Loans. They are a portfolio lender that adheres to all standard loan program guidelines but also has portfolio programs with more lenient credit qualifying guidelines to meet more buyers’ needs. […]
What is a Hard Money Loan and When Should You Use One?
What is hard money and how do you find a lender? Hard money is an equity based real estate loan that should only be used short term or when you or the property cannot qualify for Conventional, Jumbo, VA or FHA financing. For instance, if the homeowner has filed bankruptcy, went through a short sale […]
Purchase One Year After Short Sale, Foreclosure or Bankruptcy
If you’ve been putting off buying a home due to a previous foreclosure, short sale or bankruptcy you may now qualify to purchase a home! If you could use a fresh start at homeownership, Prospect’s Second Chance MortgageTM might help qualify buyers for home financing. If you have lost a home to foreclosure, short sale, […]