Yes. First-time homebuyers may qualify under the Full Documentation, Bank Statement, and 1099 Only programs when purchasing a primary residence. Keep in mind that first-time homebuyers are not eligible under the DSCR option, and they must meet the required housing...
Yes. One of the biggest advantages of Simple Seconds is that your borrower can access their home’s equity while keeping their current first mortgage in place. This can help borrowers preserve a favorable interest rate while still obtaining the funds they need...
A Simple Seconds loan is a great option when your borrower wants to access the equity in their home without refinancing their existing first mortgage. This is especially beneficial for homeowners who currently have a low interest rate and don’t want to replace...
Simple Seconds is Luxury Mortgage’s second lien product suite designed to help homeowners access their equity without refinancing their existing first mortgage. Borrowers can keep their current first mortgage rate while using a second lien for purchases, debt...
Answer: Depending on the program, verification of foreign liabilities may not be required. Luxury Mortgage’s Foreign National program is designed to simplify financing for eligible international borrowers while maintaining prudent underwriting standards....
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