CEO Lender-Tips and Tricks

   How Foreign Investors Can Buy Rental Properties in the U.S. (Without Going Crazy) Thinking about investing in U.S. real estate from another country? Great news: it’s totally doable. Even better news? You don’t have to lose your mind doing it. Here’s a friendly, no-fluff guide to buying U.S. rental properties as a foreign investor—whether you’re in Dubai, Dublin, or down under in Sydney. Let’s break it down step-by-step so you can get from international interest to passive income without popping a vein. Step 1: Understand What You Can Buy (and Why It’s Worth It) Foreign investors can buy almost any kind of property in the U.S.—residential, commercial, land, you name it. Most international buyers aim for: Single-family rentals (SFRs) 2-4 unit multifamily homes Student housing near universities Vacation rentals in high-tourism areas Why buy in the U.S.? Because the real estate is relatively cheap (yes, really), the laws protect private property, and the ren...

So, you’ve been tossing and turning at night, haunted by thoughts of your mortgage. Or maybe you just heard your neighbor bragging about their shiny new rate and you’re wondering if you’re missing out. Welcome to the world of refinancing—a place where opportunities abound, but pitfalls lurk in the shadows. Let’s dive into the pros, cons, and why chatting with a licensed loan originator (yes, those magical beings) might just be your ticket to mortgage peace of mind. The Pros of Refinancing: Lower Interest Rates Imagine paying less interest over time. Lower rates can save you a bundle, and who doesn’t love more cash in their pocket for avocado toast or skydiving lessons? Reduced Monthly Payments Refinancing can stretch out your loan term or secure a lower rate, making your monthly payments less painful. Your wallet will thank you. Switch Loan Types Are you locked into an adjustable-rate mortgage (ARM) and dreading the day it adjusts to the moon? Refinancing lets you jump to a fixed ra...

 Buying a house is exciting—until you hear the words “credit score.” That’s when the sweat starts, your calculator gets a workout, and suddenly you regret your “Treat Yo’self” shopping spree from last year. Don’t worry, though! Let’s break it down and even have some laughs (because crying over your credit report isn’t nearly as productive). What’s a Credit Score Anyway? Think of your credit score like a financial GPA. Instead of math quizzes and book reports, it’s based on whether you pay your bills on time, how much you’ve borrowed, and how many times you’ve opened a shiny new credit card just for the free tote bag. Scores range from 300 (ouch) to 850 (cue angelic choir). What Score Do You Need to Buy a House? Spoiler alert: You don’t need a perfect 850 to buy a home, but aiming higher is always better. Here’s a breakdown: FHA Loans (the forgiving friend) Minimum Score: 500 (but you’ll need a 10% down payment) Score 580+: Just 3.5% down. Boom, you’re house hunting! Conventional Lo...

 The first step to buying a house for the first time is to get your finances in order. Here are some specific steps you can take: Check your credit report and score: Your credit score will have a big impact on the mortgage interest rate you'll be offered. Check your credit report for errors and take steps to improve your score if necessary. Save for a down payment: Most lenders require a down payment of at least 3-5% of the home's purchase price, and a larger down payment can help you qualify for a better interest rate. Start saving as early as possible to build up your down payment. Get pre-approved for a mortgage: Getting pre-approved for a mortgage can help you understand how much house you can afford and make your offer more attractive to sellers. You'll need to provide documentation such as your income, employment history, and credit score to the lender. (you can apply here and we'll help with everything) Determine your budget: Use a mortgage affordability calcula...

 The income you need for a mortgage will depend on a variety of factors, including the size of the mortgage you are applying for, the interest rate, your credit score, and your debt-to-income ratio (DTI). Generally speaking, lenders prefer that your total monthly debt payments, including your mortgage payment, be no more than 43% of your gross monthly income. To get a rough estimate of how much income you'll need for a mortgage, you can use a mortgage affordability calculator. These calculators take into account factors such as your income, debts, and expenses, as well as the size of the down payment and the interest rate, to estimate how much house you can afford. HERE is an awesome (and ad free) one!  Keep in mind that the income requirements for a mortgage can vary widely depending on the lender and the type of loan you are applying for. Some government-backed loan programs such as FHA and VA loans may have more flexible income requirements, while conventional loans may re...

 Getting a mortgage with low income can be challenging, but it is possible. Here are some tips to help you increase your chances of getting approved: Improve your credit score: A higher credit score can help you qualify for a lower interest rate, which can make your mortgage more affordable. Paying bills on time, keeping credit card balances low, and disputing errors on your credit report can help improve your credit score. Explore government-backed loan programs: Government-backed loan programs such as FHA and USDA loans may have lower income and credit score requirements than conventional mortgages. These loans can also have lower down payment requirements and may be more flexible when it comes to income verification. Find a co-borrower: Having a co-borrower with a higher income and credit score can increase your chances of getting approved for a mortgage. However, it's important to note that both borrowers will be equally responsible for repaying the loan. Consider a lower-price...