Category: Uncategorized
-
Mortgages for Foreign Nationals: Yes We Can
By Mayer Dallal Many people without U.S. citizenship remain perpetual renters, because they believe the hurdles to home ownership are too high. In fact, there’s a clear path to becoming a homeowner through programs known as foreign national mortgages. Foreign nationals have historically felt discouraged from home ownership due to the difficulties of establishing a credit…
-
Bank Statement Mortgages for the Self-Employed: The Nuts And Bolts
By Mayer Dallal It takes guts to start your own business, but it takes money to buy a house. Yet self-employed people, even entrepreneurs who do very well for themselves, are frequently turned down for mortgage loans if they can’t show a W2. Because they have so many business expenses to deduct, we’ve even seen…
-
Rising Interest Rates: What Are You Waiting For?
By Mayer Dallal Another half-percent interest rate hike dominated last week’s news, and the Fed warned that we’ll see more of the same come June or July. Knowing this means knowing there are opportunity costs and monetary costs to delaying a purchase. While naysayers advocate the timid approach, citing their fears of a downturn, here…
-
Investor Cash Flow Loans: You Can Be Part Of The Short Term Rental Boom
by Mayer Dallal The short term rental market is booming. In the post-pandemic era, many prefer homes to hotels, because there is less shared space. Guests also tend to stay longer and are willing to pay more for an entire house than they are for a room in a hotel. You can be a real…
-
Tips for realtors to keep in touch with your investing clients
by Mayer Dallal Lucrative income comes from referral and repeat clients. For real estate agents, repeat business is few and far between unless the buyers and sellers do so for part or all of their income. These real estate investors aren’t just another client – they’re the cream of the crop for realtors, potentially representing…
-
Why choose a mortgage bank over a credit union or traditional bank
by Mayer Dallal Whether your own personal domicile, a vacation home, or an investment property, a home loan is a significant commitment. It comes with legal obligations and contracts, not to mention a years-long agreement to make payments on the property. However, not all lenders are alike, especially when your income doesn’t come from a…
-
How to Win in a Competitive Market
Despite interest hikes and talk of a real estate slowdown, housing inventory is still low, and the market remains intensely competitive. But there are steps buyers can take to put themselves ahead of the pack and make an offer a seller can’t refuse. The very first step to take is to get pre-approved for a mortgage loan,…
-
Five tips before buying a vacation home
Do you have a tried-and-true destination where you default for every holiday weekend or week out of the office? Short-term rentals and resort stays get expensive quickly. If you feel as comfortable in your adopted city as you do at home, it might be time to consider purchasing a vacation home. But buying a second…
-
Freelancer or Contractor? Try a 1099 Mortgage Loan
When purchasing or refinancing a home, not everybody is able to provide “traditional” income documentation, such W2s in order to qualify. Freelancers or independent contractors, whose income varies, might not be sure how to apply for a mortgage loan. But MBANC’s 1099 mortgage loans are designed specifically to benefit people in this situation. MBANC’s non-QM-1099…
-
Welcome!
Thank you for visiting Mayer Dallal’s WordPress blog. Check back soon for more updates.
Mayer Dallal's WordPress Site 