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Debt Consolidation
Do you have several high-interest sources of debt, such as credit cards or personal loans? Wouldn’t it be a relief to consolidate those bills into a single, low-interest payment each month? At MortgageDepot, we have access to refinancing programs that help our Pennsylvania clients turn overwhelming debt into a manageable monthly payment. Cash-Out Refinancing Explained …
Lower Your Payment
Everyone wants more cash in their pockets. If you refinance your home, you might end up with a little extra to spend or save each month. If a lower monthly mortgage payment sounds appealing, MortgageDepot will help you decide if refinancing makes sense for you. Refinancing: A Tool To Lower Your Monthly Payment When money …
Every Dollar Counts: Using Liquid Assets as Temporary Leave Income
At MortgageDepot, we see plenty of borrowers who don’t quite fit the mortgage qualification mold. It’s safe to say that nearly every borrower brings a new situation to the table! We help our Pennsylvania clients overcome their most challenging qualification barriers with innovative mortgage solutions. What if you find your dream home while you are …
Borrowers Without a Credit Score Get a Chance With MortgageDepot
It’s no secret that credit scores are a big part of qualifying for a mortgage in Pennsylvania. After all, lenders want to know that you are capable of making regular payments. A respectable credit score is a good indication that your mortgage payment won’t push you over the financial edge. The truth is, not everyone …
MortgageDepot Guides Investors Through Primary Conversions
Qualifying for a mortgage in Pennsylvania is not a black-and-white endeavor. There is a seemingly unlimited number of special situations that borrowers could encounter, especially when it comes to investment properties. At MortgageDepot, we know that busy investors can’t keep track of these nuances. That’s why we manage the details for you! If you want …
Special Situations: Four Exceptions to the FHA’s One-Loan Rule
FHA loans are intended to finance a primary residence. In general, this means that you can’t hold two FHA loans at the same time. Or can you? Many Pennsylvania borrowers are surprised to hear that a few exceptions to the one-loan rule imposed by the FHA exist. At MortgageDepot, this doesn’t surprise us at all. …
No Income Check Mortgage
At MortgageDepot, we believe that Pennsylvania real estate investors shouldn’t be held back due to a nontraditional income source. That’s why we are experts in No Income Check mortgages. These flexible programs are designed specifically for borrowers who might have trouble producing standard income verification documents. No Income Check Program Benefits We often investigate No …
A Mortgage Without a Credit Score? MortgageDepot Makes It Possible
Is your credit score nonexistent? Are you afraid that your lack of credit will negatively impact your goals when it’s time to apply for a mortgage in Pennsylvania? We’re going to help you put those worries to rest. Here is a little secret: We will consider borrowers who do not have a credit score! You …
Understanding PITI Reserves: What Qualifies (and What Doesn’t!)
The mortgage industry is notorious for its acronyms. DTI, LTV, PMI…The list goes on. Today we are going to put the spotlight on PITI reserves required by some FHA loans. Do you feel a little lost already? Don’t worry! By the end of this post, you’ll practically be an expert in PITI reserves. What Are …
Commercial Mortgages
Commercial mortgages are used to purchase or refinance properties for business use. While many business owners start their journey by renting their space, they often find that commercial mortgages offer options that are a better fit for their long-term goals. At MortgageDepot, we are a top resource for business owners looking to finance their next …
