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

What Type of Borrower Gets the Best Mortgage Rate? You might think it's the borrower who negotiates the hardest. Not necessarily. I met a client recently whose first question to every lender was exactly the same: "Can you cover my $600 appraisal fee?" She was determined to get that fee waived. But here's something many borrowers don't realize. When a lender offers a credit to cover your appraisal fee, that money isn't necessarily free. The lender may simply offer a slightly h