Mortgage Guides

Complete breakdown of reverse mortgage closing costs: HECM origination fees (up to $6,000 cap), 2% initial MIP, 0.5% annual MIP, appraisal, title, and counseling costs. Most fees can be financed into the loan.

When and how reverse mortgages must be repaid. Covers maturity events, heir timelines (up to 12 months), non-recourse protection, FHA insurance fund, and repayment options for HECM borrowers.

Can you get a reverse mortgage on a manufactured home? FHA HECM eligibility requires post-1976 construction, permanent foundation, 400+ sq ft, and real property classification. Proprietary alternatives available.

How to get a HELOC on an investment property: 720+ credit, 70-75% max CLTV, 6+ months reserves. Most banks don't offer investment HELOCs — wholesale brokers access lenders that do.

Jumbo HELOC options in California from $500K to $5M. Most banks cap at $500K — wholesale brokers access portfolio lenders with higher limits for affluent homeowners in Orange County, Bay Area, and LA.

How to use home equity to fund a business: HELOC for flexible draws, cash-out refinance for lump sum, or home equity loan for fixed payments. Covers risks, tax implications, and SBA alternatives.

How mortgage broker compensation works: lender-paid vs borrower-paid models, CFPB anti-steering rules, full fee disclosure on Loan Estimate. Compare broker transparency to bank loan officer pay.

How wholesale mortgage rates compare to retail bank rates. Wholesale brokers access lender rate sheets without retail markup. Larger spreads on jumbo and non-QM loans make broker advantage more significant.

DSCR loans allow LLC vesting at closing — one of the few mortgage products that does. Covers LLC, S-Corp, Trust, and Land Trust options, operating agreement requirements, and personal guarantee rules.

DSCR loan seasoning timelines: cash-out requires 3-6 months title seasoning, rate-term allows 0-3 months, delayed financing enables immediate cash-out after all-cash purchase. BRRRR investor guide.

FHA streamline refinance eliminates appraisal and income verification for existing FHA borrowers. Close in 15-21 days through wholesale channels. 50+ Wholesale Lenders.

VA IRRRL streamline refinance for veterans: no appraisal, no income docs, 0.5% funding fee. Close in 15-25 days through 50+ Wholesale Lenders.