NEWS & INSIGHTS

Non-QM Does Not Mean “No Requirements.” It Means Different Requirements. Many borrowers hear “Non-QM” and assume it means the lender does not look at income, credit, assets, or property condition. That is not true. Every mortgage loan still has risk layers. The difference is how the borrower’s ability to repay is evaluated. In most mortgage programs, one requirement is consistent: Collateral matters. The property still needs to be livable, with no major health or safety conce

Why APR Alone Is a Poor Way to Compare Mortgages "Just choose the lowest APR." If only mortgage shopping were that simple. APR includes the interest rate and certain financing charges. But it does not know your plans to sell, refinance, or make extra principal payments. You may be planning a three-year relationship with the mortgage. APR is doing the math for a 30-year marriage. Lender credits can also muddy the comparison. One lender charges you $600 for an appraisal. Anothe