Residential Lending Playbook

Lesson 2: Understanding Qualified Mortgages (QM) Why They Exist… and Why They Aren’t the Whole Mortgage Story In Lesson 1, we explored Non-Qualified Mortgages (Non-QM) and why many financially successful borrowers use financing that falls outside traditional mortgage guidelines. The natural follow-up question is: If there are Non-QM loans, what exactly is a Qualified Mortgage…

Some loan files stay with you because of the numbers. Others stay with you because of the people. This one was both. Over the years, five former Navy servicemen contacted me within a relatively short period of time looking for mortgage financing. Four had received honorable discharges. That meant they had earned something incredibly valuable—the…

One of the Best Home Loan Benefits in America—And One of the Most Misunderstood As a mortgage broker in San Francisco, I do not see VA loans every day the way lenders in more military-heavy markets might. But that has not stopped them from becoming some of my favorite loans. Why? Because when a VA…