Mortgage Guide

Today I met with real estate investor Tyler Atchison, who shares how he got started with investing in rental property as a beginner. 

Tyler's story is a perfect example of how anyone with grit and creativity can accomplish their real estate investing goals. 

There are so many ways to start investing in rental property for beginners, and I think Tyler's approach is probably one of the most practical and interesting ways to get into the real estate investing world. 

Be sure to subscribe to continue to get real world exmples of how to invest in real estate, and how to get approved for a mortgage even when other lenders say it's not possible. 

You're welcome to reach out with inquiries anytime here: https://BalanceProcess.com/contact 

Subscribe on youtube here: https://youtu.be/mv5oa5PVoQY

Business owners and 1099 private contractors - Did you know, with a 12 month bank statement mortgage, you can get approved based on average bank deposits, NOT tax returns?

With a 12 month bank statement mortgage, tax returns are not required. 

Your income is calculated based on 12 month deposits. 

Here is everything you need to know about getting approved for a 12 month bank statement mortgage on a home purchase and refinance. 

https://balanceprocess.com/12-month-bank-statement-mortgage/

https://youtu.be/93a4n20r5F8

Today we cover what you need to know about getting approved for a VA loan if you have a low credit score. Link to everything I covered: https://balanceprocess.com/va-loan-low-credit-score/

Subscribe on Youtube: https://youtu.be/MWfvcDvp3uI

How to get approved for a rental property mortgage with no employment history or personal income

With a Debt Service Coverage Ratio (DSCR) loan, there is no verification of personal income. 

The approval is done based on property cash flow, not personal income. 

You still need to meet credit and asset requirements, but the process is extremely simplified by not having to get tax returns, or any other personal income docs.

These are available on home purchase, rate/term refinance, and cash out refinance. 

In today’s post, I cover everything you need to know about getting a DSCR Loan. 

Full post here: https://balanceprocess.com/dscr-loan-program/

Full video here: https://youtu.be/5Bvh7fSYyDI

Today we have special guest David Corwin with USDA, here to tell us exactly why a USDA Construction Loan is a great option to consider (instead of buying an existing home) in today's market.

Important links below

USDA Income Limits: https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state

Property Location Eligibility: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp

Reach out to connect with a USDA Construction Lender: https://balanceprocess.com/contact

Reduce documentation and confusion by getting a mortgage without tax returns. 

It’s extremely common for lenders to ask for tax returns by default, even if they are not needed. 

Today I cover everything you need to know about how to get approved for a home purchase or refinance without providing tax returns. 

This is available for wage earners (W2 employees), business owners, and real estate investors. 

Learn more here: https://balanceprocess.com/no-tax-return-mortgage/

Subscribe on youtube: https://www.youtube.com/c/MortgagebyAdam

Here are 3 ways to get approved with credit score in the 500’s. Link to everything I covered here: https://balanceprocess.com/cash-out-refinance-500-credit-score/

Be sure to subscribe to Mortgage by Adam on YouTube

Effective 9/18/2021 borrowers/co-borrowers will be able to use a combined average of their scores on Desktop Underwriter (DU). Let me know your thoughts on this: [email protected]

Tody we cover everything you need to know about getting approved for the FHA W2 Only Program. Here is the link to everythign I covered: https://balanceprocess.com/fha-w2-only-program/

Today we cover the 3 ways to refinance your home without getting an appraisal. Learn more on everythign I covered here: https://www.balanceprocess.com/refinance-mortgage-without-appraisal/

Check out and subscribe to the YouTube Channel: Portfolio Loan Mortgage Guide