Community Bankers Association of Illinois’ Post

Today's Mahoney Mortgage Minute is about a question I receive on a daily basis. How fast can you close a loan? It depends. What is depend on? Take a look dan.mahoney@ahlend.com 617.483.5453 call/text #nonqmloans #bankstatementloans #dscr #quickclosings #IHaveAnAwesomeTeam #ForeignNational #AssetDepletion #mortgagebrokers #mortgagelenders

Hopefully 2024 will provide a bit more of the stability and consisitency that the market has been missing over the last few years. Whatever happens Aquilae Capital Advisory will always be there to guide our clients through the changing financial landscape. Jeremy Robinson #developmentfinance #commercialinvestment

If you have not checked out American Heritage for your Non-QL deals you might be missing out. They now use the Primary wage earns Credit Score to qualify for a loan and not the lower of. #gamechanger Do you know you are missing out on business and have questions about lenders, programs, or other areas of your business that might need some tweaking let's get on a call. For Example, If you are doing 10-plus deals a month and use Lendingpad or Lenderprice I have a small wholesaler looking to add a couple of brokers. They have been roughly 30 to 50 bps better an UWM or RocketTPO on most days. Let's do more in 2024. #beingaveragesucks #nonqm #bankstatement #1099 #mortgagebroker James Gueltzow

🔮 Get ready for perpetually high interest rates! The panel at ICNY 2024 predicts innovation in the mortgage and finance sector. How do you think this will impact the industry? Share your thoughts! #ICNY2024 #InterestRates #FinanceInnovation #blog https://lnkd.in/gT_ZfEhx

If it didn’t come from a direct deposit, electronic form, or check (with a copy of it handy), your mortgage lender can’t count it as assets. Even then, they still may ask a question or two more to make sure its crystal clear what happened. Lenders require, typically, 60 days of bank statements. So if there’s a large deposit 61 days ago—we would not see it and therefore would not need to source it. You see what I’m saying? Help me help you. #trapmoney #trap #mortgagetips #mortgageadvice #mortgage101 #thefeds #knoxvillerealestate

At Pepper Money, we’re active in working alongside our broker partners to ensure more customers recognise the benefits and understand the considerations of taking a second charge mortgage as a practical way to help them achieve their goals. ⭐ As part of our Specialist Lending Study, we uncovered consumer views on Second Charge mortgages. To discover the findings, read the full study here: 👉 https://lnkd.in/ez6re3bb   #Brokers #Mortgagebrokers #Specialistlending #PepperMoneyUK Ryan McGrath

🏦Not all bank valuations are equal, and there are several reasons why this is important: • A better valuation from one bank compared to another could significantly improve your loan-to-value ratio (LVR), potentially leading to a better interest rate on your mortgage. • A higher valuation means more equity in your property, which can give you access to better loan terms and help you achieve your financial goals faster. Feel free to reach out if you want to discuss getting your property valued or if you have any questions about bank valuations.

Finally, we are seeing announcements from lenders that rates will be reducing over the coming days. 🙌🏻 Hopefully this is the start of something and other will follow soon. 🤞🏻🤞🏻 Bring back January’s rate war and better deals for borrowers!! 😁 Orchard Financial Advisers are on hand to help you with any mortgage enquiries. Top Tip: Act Early. 01384 847484

Banks are starting to adjust their financial products, and we’ve seen some changes in rates among a few of our current panel of lenders. This is a positive sign for current mortgage holders, offering new opportunities to save or reassess your loan. Stay informed and reach out if you’d like to explore your options! ☎️ 0423 366 995 #MortgageUpdates #RateChanges #FinancialTips #HomeLoanAdvice

Mortgage Terms: (Liquidity) The availability of wealth or savings that can be easily liquidated – meaning converted to cash or cash-like assets. Someone might own 25 properties with over $10M in total assets yet have extremely low liquidity, simply because all their wealth is tied up in those properties. Selling a property takes time, hence it’s a relatively “illiquid” form of investment compared to a brokerage or money market account. 📱360-651-8448 NMLS #893532 #allsquaremortgage #mortgageprofessionals #mortgageloanofficers #mortgagehelp