Staff Profile: Ed Gallagher, VP of Operations
Meet Ed Gallagher, Vice President of Operations. A graduate of the University of Southeastern Louisiana, Ed originally intended to begin his career in consumer finance. However, luck brought him into the mortgage industry. With over two decades of experience, Ed builds relationships with customers that keep them coming back. With experience that spans many industry […]
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HomeXpress Mortgage Changes the Future of Non-QM Loan Solutions!
HomeXpress Mortgage has done it again! New program changes are here to help more brokers close more deals by offering incredibly flexible Non-QM loan solutions to their borrowers. Give us a call at (855) 598-1430 or fill out our loan scenario to get started. The Future of Non-QM Loan Solutions For years, the team at HomeXpress Mortgage has offered [...]
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Will Your Mortgage Lender Allow Gift Funds?
If you’re in the market to purchase a house, your most significant upfront expense is going to be the down payment. Having a sizable down payment isn’t always easy to accomplish, especially for first-time homebuyers. In many cases, people rely on money that was gifted to them to help make the down payment. This tends […]
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Who Should Take Out Non-QM Loans?
Buying a home is a big deal. For some, it’s the fulfillment of a lifelong dream. Many of those who don’t have traditional income might feel like getting a mortgage loan. Luckily, there are options for those who don’t qualify for the standard, qualified loan. Non-qualified mortgages are getting more attention and overcoming a bad […]
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Three Types of Bank Statement Loans
While these three types of loans have a great deal in common, they are useful in different scenarios. Just like no two people are alike, no two loan needs are the same. With several options for bank statement loans, you stand the greatest change of getting the loan you need. 1. Personal bank statement loan […]
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Own Your Dream Home in 2020 with a Non-QM Loan
With the start of a new year and a new decade, it’s the perfect time to move forward with your hopes and dreams. The beginning of the decade could be the perfect time to purchase a new home. Certainly, it’s time to check out options that you never knew existed before. Maybe you feel like […]
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Tips on Getting a Loan if You’re Self-Employed
Being self-employed has a lot of advantages. You have a more flexible schedule, but you also have to keep up with the administrative side of your business yourself. This is especially true when it comes to managing your own finances, which can make getting approved for a mortgage loan difficult. Lenders usually like to see […]
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7 Terms to Understand When Taking Out a Non-QM Loan
As you may have found while looking for mortgage lenders in your area, some homebuyers don’t fall into the standard box for mortgage lenders. This can be for a variety of reasons, ranging from credit to income, and more. Potential homebuyers may even assume that they can’t even get a loan because they don’t know […]
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How to Compare Bank Statement Loans from Different Lenders
Smart borrowers know to shop around for their mortgage. Many lenders offer bank statement loans, but not all programs offer the same benefits. Knowing which one is right for you can be challenging, but it’s important to understand how to compare the terms, rates, and programs offered by each lender. The more you know, the […]
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Are Nonqualified Mortgages The Same as Subprime?
Subprime mortgages first gained popularity in the early 2000s. However, there’s a new type of mortgage loan out there building upon the success of subprimes. Non-qualified mortgages are not subprime, but they are similar as they do not conform to the typical underwriting guidelines of qualified mortgages. Non-qualified mortgages are a confusing topic for a […]
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