You’re living your dream life with passive income, minimizing taxes by offsetting income with expenses. Yet you can’t get a home loan! The article Jay Voorhees from JVM Lending wrote about “When the Ultra-Wealthy Don’t Qualify For Mortgages” really hit home. Jay offered to share some options for how affluent borrowers with great credit and…
Temporary interest rate buydowns are actually a quite simple and interesting concept. Interest rate buydowns help home buyers afford a higher-priced home in the face of high interest rates. Buydowns temporarily lower mortage payments — even on fixed, 30 year mortgages. Basically, the home seller “buys down” the interest rate as an incentive. Meaning, they…
California home buyers have a few excellent programs to help you buy a home and offset the costs of building an accessory dwelling unit (ADU) — a backyard cottage for family and income. The California Downpayment Resource Directory is a great place to see what you and the property you’re interested in might qualify for….