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Archived SIMPLE 70 Financing Notice
Historical promotion. This page previously presented a financing message called SIMPLE 70 for non-owner-occupied property. The former qualification figures and documentation claims have not been verified for current use and have been removed. This archive does not determine whether a similarly named program, or a
NORTHSTAR FUNDING accepts CEMA loans
NORTHSTAR FUNDING accepts CEMA loans Instead of paying thousands of dollars in mortgage tax, borrowers can obtain a Consolidation, Extension and Modification Agreement (CEMA loan), in which they only pay mortgage tax on the new loan amount that is above and beyond their current original principal balance. Ex
NORTHSTAR FUNDING No longer requires Full 1040 transcripts on FHA/VA loans
Great news for those tight deals due to un-reimbursed business expenses getting in the way on a W2/1098 borrower. NORTHSTAR FUNDING No longer requires Full 1040 transcripts on FHA/VA loans. if the borrower’s only source of income is as a wage earner, a W-2 transcript may be ordered in lieu
Home Purchase Options and Mortgage Insurance
Compare home purchase options by the money you need at closing, the full monthly payment and the cost over the time you expect to keep the loan. A mortgage without a separate mortgage-insurance payment is not automatically the least expensive choice. This page retains its 2020 publication date. Its earlier pro
2014 is starting off on the right foot with the arrival of the 80/10/10 Piggyback loan program
2014 is starting off on the right foot with the arrival of the 80/10/10 Piggyback loan program. This program allows buyers to put down 10% and obtain a 1st mortgage for 80% and a second mortgage of 10% which will cover the purchase price. The benefit is the elimination of mortgage insura
Residential Lending Moving Toward Mortgage Brokers
I believe that 2014 will be the year when mortgage broker relevance reemerges and broker-originated mortgage loans reclaim market share—a threshold that signifies that they have once again become a force in the market. Brokers have broad market visibility, the ability to leverage the tremendous power of wor
Exceptional Financing for Foreign Nationals
One of the most foundational services necessary to insure the fluid and effective growth and stability of the real estate market is accessible funding. The ability to find conventional and non- conventional lending for residential, commercial and investment properties is a vital element in sustaining the market a
Investor concentration is not an issue, litigation not an issue or one entity owning more than 10%!
Investor concentration is not an issue, litigation not an issue or one entity owning more than 10%?
Long Island City waterfront
All 820 units in a 41-story tower on the Long Island City waterfront are leased out.“It’s kind of breathtaking to lease that many units in such a short period of time,” said Rick Rosa, head of Douglas Elliman’s Long Island City office, which is unaffiliated with the 41-story tower. “
15-Day Mortgage Closing: When It May Be Possible
NorthStar Funding may be able to complete a 15-day mortgage closing for some eligible loans. The timeline depends on borrower documentation, underwriting, appraisal, title, insurance, required disclosures, and settlement scheduling. A 15-day closing is not guaranteed. Ask our team to review your loan and confirm
30-year Treasury yield hits nine-month low
NEW YORK (MarketWatch) — Long-term Treasury prices gained Friday, sending the 30-year bond yield to its lowest since last July as the broader market notched weekly gains. The long bond 30_YEAR -0.12% yield, which falls as prices rise, was down 1.5 basis points on the day and 10 basis points on the week at 3