Mortgage and Portfolio Loan Guide


What is Manual Underwriting?

If you have been told you do not qualify for an FHA or VA loan, but were not given a reason, a manual underwrite may be your ticket to getting approved. What is a manual underwriting mortgage? Traditional mortgage loans have two ways of getting approved: automated underwriting and manual underwriting. When the loan is […]

Posted in bad credit, Credit, credit score, debt-to-income ratio, FHA, VA | Tagged , , , | Leave a comment

Cash Out Refinance with Bad Credit

Tapping into your home’s equity to do a cash out refinance with bad credit may be a great option if you’re looking to consolidate high interest debt or make improvements to your home. Here you’ll find everything you need to know about how to get approved for such a loan and what to expect when […]

Posted in bad credit, bankruptcy, Credit, mortgage, portfolio loan | Tagged , , , | 2 Comments

Do I qualify for a home loan?

Here are all the answers to the question “Do I qualify for a home loan?” The answer to that question is really a four part question regarding you income, credit, assets, and property. The real questions to be asking are: Does my income qualify me for a mortgage? Does my credit meet mortgage requirements? Are my […]

Posted in Assets, collateral, collections, Credit, income, portfolio loan, property, what mortgage can I afford | Tagged , , , , , | Leave a comment

How to Buy a House Without Lying to Your Mortgage Lender

How do you actually close on a house without trying to sneak something by the big bad lender? For some reason there’s this skeleton in everybody’s closet that they don’t want the lender to find out about. They think that if the lender finds out everything is going to fall apart, and they’re right. But, […]

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5 Odd Things Your Credit Report Doesn’t Show

Good or bad, there are some misconceptions about what information is shown on the credit report. Before diving into what doesn’t show, let’s take a look at the things that are reported. When you are looking to buy or refinance a home, your lender will want to take a look at your credit report. Your […]

Posted in bad credit, Credit, credit report, credit score, debt-to-income ratio, mortgage loans for bad credit | Tagged , , | 4 Comments

So Your EX Destroyed Your Credit…

Portfolio Loan Post-Divorce Mortgage I have seen it countless times. An otherwise “A grade” borrower is left with no mortgage options because their ex-spouse was extremely irresponsible with their finances while going through divorce. Resulting many times in no other option than having to file for bankruptcy, and even foreclose on their home. For these […]

Posted in bad credit, bankruptcy, Brighton, collections, Credit, credit score, financing, home loan, homebuyer, homeowner, Livingston county, Michigan, mortgage, mortgage loans for bad credit, Oakland county, portfolio loan, real estate | Tagged , , , , , | Leave a comment

Finally! Mortgage Loans for Bad Credit

Yup, you’re approved! Applying for mortgage loans when having bad credit can be uncomfortable to say the least. I can’t tell you how many times I’ve heard the same story. A great family, with strong stability fell on hard times. They had to let their house go because of a serious injury, downsizing of a […]

Posted in bad credit, bankruptcy, collections, Credit, credit repair, credit report, credit score, home loan, Michigan, mortgage loans for bad credit, portfolio loan | Tagged , , , , , | 1 Comment

What questions do you have?