Blog
Northstar Funding Inc – A Proud Sponsor of YCS
All charitable organizations are to be applauded. There are some, however, that make us feel particularly grateful that they exist. Organizations that make us realize how important their work is and how fortunate those are who benefit by such groups. One such organization is the Youth Consultation Ser
Northstar Funding Inc. Takes The Old Line State
We are very proud to announce that Northstar Funding is now licensed in Maryland! This is an amazing little state located in the Mid-Atlantic region of the United States. This state while small in stature is one of the most densely populated states and boast the highest median household income, making
Manhattan Luxury~Closed and Funded in 29 Days
The Carlton House…need I say more? I think not. Still, I will elaborate for the sake of waxing poetic on what was a very difficult loan to close. One of Architectural Digest’s Top 100 interior design firms, Katherine Newman Design, and acclaimed architectural firm Beyer Blinder Belle have
The Equity-Credit Triangle – Get Your Mortgage Approved
If you want to get approved for any type of mortgage – conforming, FHA, jumbo, VA or otherwise – you will need to satisfy the Mortgage Income-Equity-Credit Triangle. As it implies, you will need to show your income, equity and credit. It’s not complicated. Income: Your monthly
Northstar Funding Inc. Construction-to-Permanent Loans
A Construction-to-Permanent Loan will allow you to build, renovate, or expand the home of your dreams. This loan is the proverbial cornerstone for your construction project. The Construction-to-Permanent Loan offers: One-time closing costs which translates into big savings; The ability to lock in your perm
MBS Day Ahead: Are Bond Markets Reading From Same Scary Script?
There are no significant economic reports or scheduled events on tap for today. This will give us an opportunity to feel out the new trading ideas, not only for the rest of the week (which ends with Friday’s NFP), but for the month of October in general. It turns out that October is historic
‘Massive’ shortage of appraisers causing home sales delays
Housing demand is rising rapidly, but a key cog in the wheel to homeownership is in deep trouble. The people most needed to close the deal are disappearing. Appraisers, the men and women who value homes and whom mortgage lenders depend upon, are shrinking in numbers. That is causing growing delays in closings,
1 in 10 borrowers may be missing out on mortgage savings
The average rate on the popular 30-year fixed mortgage has been so low for so long that a good chunk of borrowers can't even contemplate the idea of it ever going higher. Why should they? Every time we warn of rising rates, or see a tiny bump up, some global economic tantrum pushes them back down. Most borrowers
Check Out Our Niches
Agency Require only one FICO for each borrower and an AUS approval DU or LP Permitted Gift Funds: only copy of donor's check required if funds are in borrowers account at submission or sent to title (FHA requires bank statements) 2016 Expenses Not Counted: OK when bonus, OT & commissions are less than 25% o
New FHA Guidelines
620 fico – DTI’s allowed up to AUS maximum 56.99% approved eligible!!! 580 fico – DTI’s allowed up to 40/50 with compensating factors!!! USDA Streamline Assist Now Available at NORTHSTAR FUNDING INC NORTHSTAR FUNDING INC Offers USDA Streamline Product: 'Streamline Assist' Don't forget NOR
How Decreasing Migration Affects The Mortgage Market
Americans are staying put, both in their homes and in their jobs. The two appear to be related but which is the driving force? In a recent Urban Institute blog researcher Bhargavi Ganesh points to the decreasing incidence of state-to-state migration, a trend that started in 1990. Her cites research from Raven Mol
The Dos & Don’ts Of Credit Scores
Here are some important facts about credit scores you should know! Don't Apply For New Credit during the loan process. Every time that you have your credit pulled by a potential creditor or lender, you can lose points from your credit score immediately. Don't Close Credit Card Accounts. If you close a credit card