In the current post-pandemic housing market, the scarcity of available homes is a pressing issue. In a balanced market, one that favors neither buyers nor sellers, move-up buyers can typically time transactions so that they sell one property and then close on their new house within a few days or weeks. However, the present situation is characterized by a persistently tight market. According to the National Association of Realtors, as of February 2024, the supply of homes for sale in the U.S. was a 2.9-month inventory, reaffirming we are still in a seller’s market. Complicating matters further ..read more

In today’s ever-evolving mortgage landscape, brokers must embrace innovative loan solutions if they want to find success. While you may still work with buyers who easily fit the traditional mortgage profile – strong funds and even stronger credit – you’ll likely come across more unique scenarios. That’s where Non-QM loans can help! Non-QM loans are alternative programs that can help non-bankable borrowers secure strong and flexible financing – even if they’ve been turned down by banks in the past. While these borrowers may face funding difficulties, it’s not because they’re not qualified. The ..read more

Designed for property investors, a debt service coverage ratio (DSCR) is a way to finance a property based on its cash flow rather than on the borrower’s income. What is a DSCR loan? A typical mortgage is underwritten and approved based on the borrower’s income. A DSCR loan is different – it’s underwritten based on the property’s projected cash flow. For property investors, DSCR loans provide long-term financing for a buy-and-hold strategy. The debt service coverage ratio (DSCR) gauges the borrower’s ability to repay based on the property’s income and expenses. In some ways, a DSCR loan is sim ..read more

The self-employed workforce is expanding rapidly, bringing unique financial challenges when securing funding for properties due to the strict requirements traditional lenders have. However, there’s good news. A range of alternative loan options exists, specifically designed to accommodate the financial circumstances of self-employed borrowers. Two options stand out: Profit and Loss (P&L) and Bank Statement loans. Let’s explore how these solutions can help your clients. Bank Statement Loans Ideal for a wide array of self-employed borrowers—including gig workers, freelancers, contractors, sm ..read more

LendSure Co-Founder and Managing Director, Joseph Lydon, has been featured in the May 2024 issue of Scotsman Guide! Win new business and referrals by becoming a 1031 exchange expert. “Home prices remain near record highs — and, as a result, many property investors are sitting on hefty profits. The bad news? Cashing in means triggering capital gains taxes. The federal tax rate on long-term capital gains is up to 20%, and the majority of U.S. states, including California, impose their own capital gains taxes. For property owners who want to manage their tax liabilities, there is some relief ..read more

When it comes to qualifying your client for a conforming mortgage, the process is pretty straightforward. You collect pay stubs, gather tax returns, and compile bank statements. However, when it comes to Non-QM loans, different types of income documentation might be required. The good news is that these requirements can be more flexible than those for conforming loans, and you can mix and match your client’s financial profile with the available options to close the deal. At LendSure, we provide alternative solutions tailored toward borrowers who don’t fit conforming guidelines. Our account exe ..read more

The financial market is constantly changing, and finding the right loan solution for your clients can be tough. Knowing the different loan types to offer can give you an edge. If you’re a Qualified Mortgage (QM) broker considering adding Non-Qualified Mortgages (Non-QM) to your product offering toolkit, we’ve put together a simple overview of QM vs. Non-QM loans for you. Read on to understand the differences between these two and the advantages of providing Non-QM loans. Understanding QM vs. Non-QM Loans QM loans are conforming loans that meet specific requirements set by the Consumer Financia ..read more

Despite a slight drop in interest rates, the mortgage industry remains competitive. Rates are still considered high and housing inventory is low. Unfortunately, this mortgage market makes it difficult (and competitive!) for brokers like you to close deals. But there’s a solution that can help you bring in more business and optimize your referral relationships: Non-QM loans! Now more than ever, it’s crucial that loan officers branch out and network with different referral sources. From realtors and financial advisors to business owners, expanding your referral network will help you secure more ..read more

With the gig economy on the rise, there has been an increase in self-employed individuals across the country. While this segment of the population is experiencing a boom in business, they’re still facing major hurdles when it comes to financing properties thanks to the stringent requirements traditional lenders require during the transaction process. Fortunately, there are alternative solutions that are geared towards self-employed borrowers. With Profit and Loss (P&L) and Bank Statement loans, these borrowers can secure strong financing that makes sense for their specific financial needs ..read more

The U.S. housing market remains a challenging place for buyers. With home prices near record highs, and inventories remaining well below normal levels, the imbalance of supply and demand translates to difficulties for homeowners looking to sell. The common concern? Timing of the sale of their current property to purchase another one. Navigating this tight market, characterized by quick sales but long purchases, is no easy feat. But what if there was a way that could alleviate these concerns, a solution that could give your clients an upper hand? Allow us to introduce you to our innovative appr ..read more