There has been a housing shortage for awhile now, leaving a less than ideal market for millennials and first time home buyers. But Fannie Mae predicts as baby boomers begin to downsize or move into senior care facilities, more housing will be available and prices [...]
Working on a self-employed basis has its pros and cons. One problem that self-employed workers face is getting approved for a mortgage. Common Roadblocks for Self Employed Workers Debt-to-Income Ratio - Debt-to-Income Ratio is the measurement of your total debt compared to your income. This [...]
Most next-home buyers feel more confident with purchasing their second home than they did buying their first. Just like many other first experiences, they have learned from their mistakes as a first-time buyer. In a survey conducted in March for Mr Cooper, Researchscape International found [...]
At Superior National Bank we offer many loan products and creative solutions to accommodate the various needs of our borrowers. For example, many homebuyers are more than qualified for a loan, but they do not meet the guidelines for a conventional loan because the property [...]
