When purchasing a home, three main components determine your eligibility. They are income, down payment, and credit history. It gets complicated (especially for those outside
Like last year, the limits are increasing again. Conforming loan limits increased from last year’s $647,200 to $726,200 for 1-unit properties. In high-limit areas like
Mortgage lenders are bringing back a loan program called a 2-1 buydown or temporary buydown. These programs have been around for a while but only
Bringing homeownership to you in the State of Tennessee, QHL makes it simple by providing more ways to say yes! Learn more about Tennessee’s housing
Obtaining a home loan while self-employed has all the same steps and qualifying metrics as any other loan. We measure credit. We measure loan-to-value. We
Home equity is at an all-time high. Borrowing money secured against your home can be a great way to consolidate debt and get cash for
With the vast gains in home equity you’ve realized recently, you might ask yourself: “What is the best way to borrow money from my home?”
Bringing homeownership to you in the State of Idaho, QHL makes it simple by providing more ways to say yes! Learn more about Idaho’s housing
Since our launch in 2012, the team at QHL has methodically built the company to support our mission: making homeownership simple by providing smart loan options,
When you apply for most traditional mortgages, you’ll hand the lender a stack of documents to prove your financial health and show you can repay
Think of a reverse mortgage as a conventional mortgage where the roles are switched. In a conventional mortgage, a person takes out a loan in
The Great Recession and resulting housing crash of 2008 completely restructured the residential lending environment. Prior to that, most loans were not homogenized into either
Program Benefits Rate is fixed for the first 10 years Loan amounts up to $2.0M Get cash out with a low rate Available for second
There are two types of mortgage refinance: rate-term refinance and cash-out refinance. No cash allows you to adjust just the terms of your home loan.
The 2021 housing market was a bit tough for some home shoppers. Low rates and increased flexibility from working remotely put many first-time homebuyers on
Home prices have surged over the last year and a half, but as rates go up and more listings hit the market, that rise is expected to slow
Something we often hear from clients is that they waited longer to get pre-approved than they needed to when starting to shop for their first
Are you considering becoming a part of the Great Resignation? If so, you may have some important considerations that affect your ability to borrow money
Housing inventory plunged during the pandemic, but there’s been a recent uptick. Rising inventory, of course, gives home shoppers a little more breathing room. And
Like last year, the limits are increasing again. While the FHFA’s official announcement isn’t until November, we have many lenders allowing us to use higher loan limits
“If you’re self-employed, you are back in the driver’s seat. Planning ahead to use your 2021 taxes to qualify for the loan you want is
It’s no secret that one of the most critical factors in getting qualified for a mortgage loan is documentable income. Lenders, both large and small,
Getting ready to buy your dream home? Whether you’ve already started doing your research or aren’t quite sure where to begin, we’re here to help
Some benefits of investing in real estate include passive income, equity, monthly rents, and tax breaks. If you’re thinking about purchasing an investment property, here
Having a good credit score is essential to passing many of the financial milestones of life. One being securing a low interest rate on a
In light of the fact that rates are improving, the Federal Housing Finance Agency (FHFA) announced today that it is also eliminating the Adverse Market
So, you’re self-employed and want to get a mortgage. For traditional W2 employees, this process is pretty cut and dry. But for self-employed borrowers (contractors,
During the past four decades, American consumers could count on this constant: The rate of inflation remained below the average rate of a 30-year mortgage. In many
In recent years, a popular adjustable rate mortgage option has been a 7/6 ARM and has become more widely available. With a 7/6 ARM, you’ll
If you just closed on your new home, you’ve probably got a lot of things on your mind, like home maintenance, homeowners insurance and property taxes. You
Unless you’re part of the 25% or so of homebuyers who elect to put in an all-cash offer, you’ll likely need a mortgage (and a
With increasingly low supply on the market, home prices around the country are rising at their fastest pace in 15 years. It then comes as no
For many people, buying a new home or refinancing is the most complex financial transaction they’ll ever make. With the amount of information and documentation
Before the exciting process of house hunting can get underway, prospective homebuyers must be pre-approved for a mortgage. Pre-approval provides a clear picture of what a
If you’re an active service member, veteran or surviving spouse, VA loans can offer many home financing advantages that can help you get a foothold
After sitting at a record low for months, existing home inventory will likely get a boost thanks to many homeowners’ newfound comfort with selling. Seller
If you own a home, you’ve probably heard or seen a lot of buzz around refinancing in recent months, and you’re not alone. Many homeowners
The pandemic is revving up the higher end of the market and nudging more sales over the $500,000 mark from California to the New York
Once you’ve decided you’re ready to proceed with your purchase and have met with your Loan Officer to review the process, YOU’RE READY TO GET
QHL’s founder, Mike Pacheco, is featured in Top Agent Magazine as a Top Lender in California. Mike places particular emphasis on expertise, making sure he
Homeownership is a dream for almost everyone, yet can sometimes feel impossibly far away. But for qualifying veterans and their families, VA loans can help jumpstart
Since about 2010-2012 the prices of most houses in California have not declined at all. The opposite has happened. Home prices have gone up, and
If you’ve been home shopping in a higher-cost housing market, then you may have been presented with an option for a jumbo loan—even if the
When it comes to money-saving strategies for homeowners, refinancing your home can be near the top of the list. Of course, each refinance comes with a unique
With the current housing market’s record-low inventory and all-time-high price tags, waiting for more favorable conditions would seem like the smart move for homebuyers. However, historical data and current
When it comes to getting a lender’s approval to buy or refinance a home, there are 3 key numbers that affect your ability to qualify for
Last Tuesday, the Federal Housing Finance Agency (FHFA) announced that conforming loan limits will increase from $510,400 to $548,250 in 2021 marking the fifth straight year of
If you’re a first-time refinancer, you might be unsure about what to expect in the process. At QHL, our top priority is to provide you
When coming up with your monthly budget, don’t forget about the income tax savings. Compared to renting, you may see a significant tax advantage. Owning
While becoming a homeowner comes with a lot of responsibility, there is also a lot of rewards. Here are some of the main reasons people choose
So the past few months you’ve shopped properties, submitted offers, and finally you get the call from your real estate agent: Your latest offer has
When you purchase a home, you’ll need to be prepared to manage not only the down payment, but closing costs as well. We’ll work to
Choosing a mortgage isn’t all that painful if you know the lingo. Once you’ve done some homework and nailed down a budget and down payment
Mike Pacheco was highlighted in Orange Coast Magazine as a Mortgage All-Star, 2020. Read about his mission when he began QHL 8 years ago. Knowledgeable.
With purchase applications up, housing demand is 25% above pre-pandemic levels. Take a look at the following article for some insights about why listings are moving quickly.