Through foreclosure and short sales, buyers are able to snatch up lower-priced distressed homes, and with renovation loan programs, they are able to turn them into their dream homes.
Renovation loans are on the rise, and mortgage professionals can help borrowers save money and build instant equity by helping them purchase a fixer-upper with a 203K, or apply for a HomeStyle mortgage.
Despite popular belief, the generation plans to take out more purchase and renovations loans and will account for nearly one in every four dollars spent on housing in the next five years.
When John McClellan joined Supreme Lending in 2006, he was a mortgage broker. He made the switch to mortgage banking, he says, because he saw the writing on the wall
One of the main advantages of joining a branch network is having access to the marketing, customer relations and education assets of a large company
Supreme lending did $3.5 billion in business last year, and is on track to do as much or more this year. When you’re doing that much business, you need a world-class underwriting department