Tag: Universal

Universal – Loan Quality Types: With the expansion of loan products, what are the differences between Non-QM and Sub-Prime loans?

Answer: There is a lot of discussion on Non-QM business as lenders have compressed margins and they are looking for loans that allow them to deviate slightly from secondary marketing constrictions and not concern themselves with the points and fees test.  Of course, doing non-QM means that there is more risk and more risk equals […]

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Did you know that a Non-QM loan is not a Hard Money loan?

Related Article Title: Universal – Loan Quality Types:  With the expansion of loan products, what are the differences between Non-QM and Sub-Prime loans? Answer: There is a lot of discussion on Non-QM business as lenders have compressed margins and they are looking for loans that allow them to deviate slightly from secondary marketing constrictions and […]

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When a client has co-signed for another person’s loan this may or may not be counted as debt when getting a mortgage. We can easily answer that question for you, so don’t wonder, just give me a call.

Related Article Title: Universal- NEW Chart- Debts Paid by Others Chart – All Agencies Written By: Lloyd Rutherford, Staff Writer We get a lot of questions regarding Debts Paid by Others through our Ask the Experts feature.  To assist our subscribers, our experts have created an ALL agencies chart for this subject. Interpretive Comments: Variation […]

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Non-Taxable income can be “grossed up,” which adds more income to assist a client in qualifying for a loan. Each agency has different requirements, so contact me first!

Related Article Title: All Agencies-Grossing Up Income: Is there a chart available that shows how all agencies handle grossing up non-taxable income?  [NEW MC Chart-Grossing Up Income Guidelines-All Agencies] Answer: Yes, we have just developed a reference chart for this purpose.  Please see it attached to this question. Social Media Post Non-Taxable income can be […]

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