Happy Holidays

Happy Holidays

In the past we’ve taken the time to mail our clients, colleagues and lending partners a Christmas card to send well wishes and thank them for their support. However this year, like 2019, we wanted to do something a little different and give back to the...
5 reasons homeowners refinance their mortgage

5 reasons homeowners refinance their mortgage

There has been a flurry of refinance activity this year given our rock bottom interest rates, providing homeowners with access to today’s low rates and the most cost-effective way to get needed funds. Refinancing means getting out of your current mortgage and...

New Mortgage Stress Test @ 4.79%

Stress Test Update. Effective August 2020, the benchmark rate or the stress test rate has been dropped to 4.79%. In May of this year, the benchmark rate used to qualify mortgage was 4.94%. Prior to the decrease in May, the Stress Test rate was 5.04% The drop in the...
What Is A Monoline Lender

What Is A Monoline Lender

We are often asked about monoline lenders – who are they, what benefits do they offer, and how do you get access to a monoline lender anyway? Good questions. “Mono” means “one”. So it’s a “one-line” lender that doesn’t do anything else except mortgage lending....