Non-prime lending is officially back – and Citadel Servicing’s ever-expanding product roster is helping to bring it to new customers
Parkside Lending is now offering jumbo mortgages with LTVs as high as 95%
Jumbo mortgages are traditionally associated with luxury homes and other residential properties typically located in neighborhoods where higher costs of living tend to keep middle and working class house hunters away.
An "option agreement" is a contract used in real estate investing that gives you the right to purchase a property for an agreed upon price up to a certain time frame.
Many first-time home buyers in the United States face more than just a difficult mortgage lending environment that prevents them from achieving the American Dream of homeownership. Student loans are increasingly becoming insurmountable obstacles that reduce home-buying opportunities at a time when the U.S. housing market needs first-time home buyers to sustain the ongoing recovery.
Sales of luxury homes in the United States made a significant contribution toward the overall recovery of the housing market in 2012, and they are largely expected to play a similar role in 2013.