What Is A Qualified Mortgage?
In today’s world of complex home lending, you have probably bumped into the term “Qualified Mortgage” at least once already. To put it simply, a Qualified Mortgage (QM) is one of the various types of loans specifically designed to safeguard a borrower’s financial stability and borrower protection. If you’re someone who’s still navigating the real […]
What is DPA in Mortgage?
In the bustling real estate market of Dubai, which is presently known as the capital of the UAE’s economy, buying a home can be both exciting and overwhelming as prices also rise with the booming economy. Fortunately, there are financial programs, such as Down Payment Assistance (DPA), that could help you. DPA is fundamentally designed […]
What Disqualifies You From Getting a Reverse Mortgage?
Reverse mortgages may be a viable option for elderly homeowners who wish to access the equity in their residence. However, not all individuals are eligible for this form of loan. Numerous criteria determine eligibility, and failure to satisfy even one of them could result in your inability to obtain a reverse mortgage. In order to […]