Thursday, January 29, 2015

No Doc Loans Are Back - But Very Different in 2015

Is Your Income Hard to Verify or Go Through Huge Ups and Downs?


In 2006 just about anybody could get a no doc loan. All you had to do was say cross my heart, and some lenders were only too happy to get you signed up. The 2008 wake up call stopped that ideas cold, but went too far. For many years, otherwise qualified borrowers were locked out of the market because their true financial position was not obvious or because their income fluctuated year-to-year because of the profession or craft they were in.

Bill Rayman explains in this video how the mortgage market has softened a bit for good borrowers who need the stated income approach.



If this is about you, give Bill a call.  He can help you determine if a no doc loan is the right approach for you.  Call 424-354-5325

Bill Rayman Home Mortgage

12121 Wilshire Blvd
Suite 350
LA CA 90025

424-354-5325

bill.rayman@guaranteedrate.com
https://GuaranteedRate.com/BillRayman

Tuesday, January 27, 2015

Should I Pay Half a Mortgage Payment Every Two Weeks?

What are the benefits, if any, of bi-weekly mortgage payments

Bill Rayman is on a quest. He is hoping to make everyone an expert at mortgages. He knows that the more you know about the mortgage industry, the more likely you are to use him to research your loan to insure you get the very best deal for your circumstances. 

One approach some financial professional suggest for paying off your mortgage early is the bi-weekly payment idea. If you have a $1500 per month payment, you just pay $750 every two weeks instead of $1500 once per month. This will result in an extra $1500 being paid towards the principle each year.

Should you do it.  Here's a short video with pros and cons.

Call Bill if you have any questions about mortgages. 
424-354-5325



Monday, January 19, 2015

How to Get a Mortgage One Day After Bankrupcy, Foreclosure, or Short Sale

Special Mortgages for Special Circumstances 




Bill Rayman explains how it is possible to get a mortgage even if your bankruptcy was finalized yesterday. Not everyone will qualify, but if it can be done, Bill can get it done.  Call him now for help with any special circumstance mortgage. He is an expert at finding markets that banks and other lenders are not able to access.  424-354-5325

Bill Rayman Home Mortgage

12121 Wilshire Blvd
Suite 350
LA CA 90025
bill.rayman@guaranteedrate.com
https://GuaranteedRate.com/BillRayman