CoreX Allows Homeownership After a Major Credit Event
With Federal stimulus and additional unemployment payments ending, and thousands of dollars in forbearances and foreclosure moratoriums ending, bankruptcies are sure to rise in 2022. Bankruptcies can impact a borrower’s credit report for up to ten years and borrowers looking to step into homeownership may find it difficult to qualify under conventional underwriting guidelines. A […]
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Foreign National and ITIN Loans
Foreign National is defined as an immigrant, Resident Alien, admitted for permanent residence. This community can remain in the United States indefinitely and work if they comply with regulations relating to their visa. Currently, there are 44 million immigrants who live in the U.S today, with an estimated 1 million foreigners migrating to the U.S […]
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Social Media Influencers and Bank Statements Loans
As of October 2021, there were more than 10 million self-employed people in the US. While Americans have pursued entrepreneurship for decades, there is an exciting new entrepreneur that may be underserved. These entrepreneurs are often referred to as “influencers” leveraging partnerships with brands for high-risk reward. They’ve rejected the idea of a corporate job […]
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How Investors benefit from DSCR Loans
We’re in the middle of a rental boom. Fortune.com indicated in December of 2021 that rent prices jumped an average of 11.6% on one-bedroom units this year, and two-bedroom units jumped by 13.6% So naturally, this rise in rental fees suggests investors will grow their portfolios with new rental properties. However, real estate investors have […]
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Entrepreneurship and Non-Qm Loans
For many, entrepreneurship lies at the heart of the American dream. Over the decades, they have dreamed of owning their own business, being their own boss, and enjoying the fruits of their labor. The U.S. Bureau of Labor Statistics reports that 4 million Americans abandoned their corporate desks in the last two years to work […]
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Turn a No Into a Yes With Non-QM
Regulatory changes have caused agencies to be choosier about the loans they fund. As a result, more borrowers may hear "no" than a "yes". We can accommodate a variety of different borrowers- the self-employed, those who cannot qualify using tax returns, asset rich and cash poor, and real estate investors. HomeXpress can turn that "no" [...]
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