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CFPB: Goodbye, Mr. TRID!

By |November 22nd, 2019|Categories: Millennials|

The CFPB (Consumer Financial Protection Bureau) has been reviewing and verifying several rules that they have implemented in the past, and the one that remains to be reviewed is the TILA-RESPA Integrated Disclosure rule, the TRID rule for short. It seems that eliminating the rule completely will be a possibility. [...]

USDA Mortgage Loans

By |November 8th, 2019|Categories: Non QM|

No, we are not butchers selling you steak, haha. The USDA Mortgage is for rural areas, and offers the Guaranteed Rural Housing (GRH) Loan Program is designed to assist households in obtaining adequate but modest, decent, safe and sanitary dwellings and related facilities for their own use in rural areas. [...]

Reverse Mortgage Facts

By |October 29th, 2019|Categories: Millennials|

Reverse mortgages help seniors with the costs of retirement by turning equity into cash, making the twilight years truly golden   Odds are - if you’re over the age of 62 and own all or some of your home - you’ve wondered, “what is a reverse mortgage?”  With all the [...]

VA Loan Facts Veterans Need to Know

By |October 23rd, 2019|Categories: Millennials|

It’s easy to miss out on things when you don’t understand them, so PS Mortgage Lending explains a few simple Veteran Affair Loan facts America is proud of its warriors - from sea to shining sea - and it’s not ashamed to show it.  The only real shame is that [...]

Is forgiving the student debt acceptable?

By |September 17th, 2019|Categories: Millennials|

This month, we arrived to really solid ground, regarding mortgages at least. Refinancing opportunities for people who originated their mortgage in 2018 are looking good. A vast quantity of last year’s mortgages are currently carrying rates 0.75% higher than today’s average rate, which is now at 3.49%. New data shows [...]

The benefits of a private mortgage lender

By |May 9th, 2019|Categories: Originator|

The benefits of a private mortgage lender When seeking a mortgage, there’s a couple of routes buyers can explore. However, the dense jungle of loan qualification can sometimes leave you lost in despair. How do you find the path to your new property? Luckily, private originators are expert stewards [...]