https://www.ivylending.net/ivy-lending daily 1.0 2022-08-23 https://images.squarespace-cdn.com/content/v1/5ede5d5c4e1eb54d74680dd4/1591809300101-EYDRWIYMF88LH58RQ8TW/image-asset.jpeg About - Get pre-qualified Let us walk you through the whole process and make it easy for you! Use our interactive form within the banner above and receive a No-Obligation Rate and Closing Cost Analysis. You can also use our Get Pre-Qualified form to receive a pre-approval letter that will help you find your home or refinance. No matter your needs, we are here to help! https://images.squarespace-cdn.com/content/v1/5ede5d5c4e1eb54d74680dd4/1592261960811-ET6PMZTKVVGY64W0OJZA/image-asset.jpeg About - We’ll take care of you Great customer service At Ivy Lending we take pride in our great customer service. Our staff is here for you, so don’t hesitate to contact us if you have any questions, problems or maybe a suggestion. We would love to hear from you. Superior loans and mortgages We work with multiple lenders and we can provide our clients with extremely competitive pricing. Now you can do all your comparison shopping with one company without wasting time with several banks or brokers. Clients come first We make sure our clients get the best support from our staff. We will walk you through the whole mortgage process and ensure your transactions close smoothly. https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1648008260495-GOG60BZONL1TMLRW2VA5/unsplash-image-05XcCfTOzN4.jpg About https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1648008795197-7BSBYPSDXUISGECUHR1Q/unsplash-image-iusJ25iYu1c.jpg About https://www.ivylending.net/purchase-refinance daily 0.75 2022-08-22 https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1652840285298-XHWBFX7PT9ILA0RH0JPQ/unsplash-image-376KN_ISplE.jpg Purchase - Purchasing a home is a very exciting time. Being well prepared will help you make better decisions. Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive than rent. But, in many cases, mortgage payments can be even less than rent. https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1648074582999-WN1Z6ERIO3Q3G8CATPIE/unsplash-image-oWrRxo9UdM4.jpg Purchase - Lower Your Mortgage Payments A lower monthly mortgage payment can help free-up money so you can save, invest or use for other expenses. When rates are favorable, refinancing to a lower rate or longer-term mortgage can keep more money in your pocket every month. https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1648578372981-UZKPU5DMFJEUDL69ELJO/unsplash-image-nApaSgkzaxg.jpg Purchase - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.ivylending.net/loan-types daily 0.75 2022-08-23 https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1652810140908-DJUG3RSWTXIYDTJY2CA8/unsplash-image-N1YOSWrXQJE.jpg Loan Types - Conventional Loans ( Fixed Rate) The 30-year and 15-year fixed are the most popular A key advantage of a fixed rate mortgage is the affordable monthly payments. A mortgage payment combines the principal amount and interest along with real estate taxes and homeowner’s insurance. For many homeowners, this can be a lot to handle every month. A longer term fixed rate allows borrowers to potentially purchase larger or higher value homes than they might otherwise. The fixed mortgage also offers some flexibility when the homeowner’s income rises. Some homeowners may choose to pay a higher monthly payment, with the additional amount going toward the principal of the loan. When the principal is lowered, it reduces the interest burden. The homeowner pays no penalties for exercising this option, and is able to pay off their mortgage faster. In simple terms, depending on your future situation, you could turn your 30-year mortgage to a 20 or even 15-year mortgage by adding just a few hundred dollars more to your monthly payments. https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1652811345314-2ALVT0A5BH6U01SLDEDL/unsplash-image-EI50ZDA-l8Y.jpg Loan Types - Non-QM Loans A non-qualified mortgage (Non-QM) is a residential or investment property loan that is not required to meet agency-standard documentation requirements as outlined by the Consumer Financial Protection Bureau (CFPB) Non-QM loans fill the gap for borrowers who may be self-employed, have non-traditional income, or have had difficulty qualifying for a QM loan due to credit issues in the past. Non-QM loans have underwriting guidelines that allow the lender to view the “bigger picture” of your financial history thus determining a borrower’s ability to repay in a slightly different lens than usual. You may find a Non-QM loan beneficial if you are a self-employed borrower, real estate investor, foreign national, prime or non-prime borrower, medical professional or a borrower with significant assets. A non-QM loan may be used for new home purchases, refinances, investment homes, or second homes. A common misconception is that non-QM loans are “bad loans” in disguise. Similar to QM loans, these types of loans have their own set of guidelines to ensure that the borrower and lender are protected from a high-risk loan. The lending process is quite similar, just with a different set of documents during the application process. https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/a3f89449-d923-4f61-bda8-1a0c3e1eafb2/unsplash-image-BbSBf5uv50A.jpg Loan Types - Adjustable Rate Mortgage Loan (ARM) Benefits of Adjustable Loans An adjustable-rate mortgage (ARM) is a loan in which the interest rate may change periodically, usually based upon a market conditions. An ARM loan may include an initial fixed-rate period that is typically 3 - 10 years. The interest rate may adjust once the initial fixed period ends. ARM loans typically have lower rates and low monthly payments as compared to fixed-rate loans, but rates may increase or decrease after the initial period ends. Many homeowners seek out the security of a fixed-rate mortgage, but an ARM can sometimes be a better option depending on your lifestyle. Purchase your home with a down payment as low as 5% Refinance with as much as 95% of the value of your current home Lock in to a low mortgage rate Your initial interest rate is typically lower than other loan types Your monthly payments could more affordable right off the bat https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1652812570040-OVU7RH0OK3MCMZ56FD1J/unsplash-image-FcLyt7lW5wg.jpg Loan Types - FHA Loans An FHA (Federal Housing Administration) loan is a loan insured against default by the FHA An FHA loan is a type of government-backed mortgage loan that can allow you to buy a home with looser financial requirements. You may qualify for an FHA loan if you have debt or a lower credit score. You might even be able to get an FHA loan with a bankruptcy or other financial issue on your record. FHA loans are available for owner occupied browsers on properties with up to 4 units. Low down payment options (3.5% minimum) and lower minimum credit score limits are available but you’ll also have to pay mortgage insurance. The option of a low down payment and more lenient credit requirements can make FHA loans particularly attractive for first-time home buyers, although you don’t have to be a first-time home buyer in order to qualify. Cash down payments can be made with qualified gift assistance for an FHA loan, but they must be well-documented to ensure that the gift assistance is in fact a gift and not a loan in disguise. FHA borrowers also pay an annual mortgage insurance premium, which is based on the term (length) of your mortgage, your loan-to-value (LTV) ratio, your total mortgage amount and the size of your down payment. In most cases, you pay mortgage insurance for the life of an FHA loan (unless you made a down payment of at least 10%, in which case, MIP would be on the loan for 11 years). FHA loan mortgage insurance is assessed in a couple of different ways. An upfront mortgage premium is charged, which normally amounts to 1.75% of your base loan amount. There’s a maximum limit to what you can borrow for an FHA loan, and how much you can borrow depends on the county in which your potential home is located. https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/2a9d175a-91e0-4c5d-851e-4d29edc0a668/unsplash-image-rklMnaXqEPI.jpg Loan Types - VA Loans VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. The VA provides a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. Types of VA Loans Veterans and service members can use the VA loan to purchase new or existing homes with $0 down payment. VA purchase loans also allow Veterans to buy single-family homes, condominiums, manufactured homes, multiunit properties (up to 4 units) and even new construction. Policies and guidelines can vary by lender. Some lenders may not make all of these types of VA purchase loans. The VA Interest Rate Reduction Refinance Loan (IRRRL) is one of the VA loan program's two refinance options and the one most Veteran homeowners choose. These are also known as VA Streamlines, and that's because they're simple, low-cost refinance loans that in some cases might not require credit underwriting, income verification or an appraisal. The VA IRRRL is only for Veterans who currently have a VA loan, require your new rate is smaller than your old rate and have a limit on the time it takes to recoup the costs and fees. All of which help ensure Veterans realize the full financial benefit. The VA Cash-Out refinance allows qualified homeowners to refinance their mortgage and take out cash from their home's equity. These loans are open to Veterans with and without current VA loans. Qualified homeowners can typically refinance up to 90 percent of their home's value. Lending guidelines and loan-to-value requirements can vary by lender. Homeowners are not required to take out cash with these loans, which means Veterans with non-VA mortgages can use this option as a basic rate-and-term refinance. https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1653064078316-UGO47Z0JMN3XWDDI1PDE/unsplash-image--dcznEJPmsk.jpg Loan Types https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1653064243646-GUAI5IIJ57YS8BQQWQGT/unsplash-image-48Umuknbw08.jpg Loan Types https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1653064485262-MF6D04QCVMHECG9L35AV/unsplash-image-yfq0bOJmeZI.jpg Loan Types https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1653064946700-PPKXJS6IELDVA5ABLISC/unsplash-image-IYfp2Ixe9nM.jpg Loan Types https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1653065247111-V601X6IWB8TP5ASOR727/unsplash-image-T9o7Kglef8Q.jpg Loan Types https://www.ivylending.net/about-us daily 0.75 2022-08-23 https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/fc633b68-a97b-4c0b-bd84-b35d3bd84dfc/aubrey-odom-mabey-ITzfgP77DTg-unsplash.jpg About Us - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/1648180337863-BAY5F6ZQ1CO10XQ1Q6SF/unsplash-image-Jg2-zDy-oUg.jpg About Us - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.ivylending.net/contact daily 0.75 2022-08-22 https://images.squarespace-cdn.com/content/v1/62284a4b419fa51aabf9de00/e4ba957d-f16d-4013-978b-20150d8bb1ae/unsplash-image-mPF9ig2J-RQ.jpg Contact - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://www.ivylending.net/glossary-of-terms daily 0.75 2022-08-22 https://www.ivylending.net/blog daily 0.75 2022-08-23 https://www.ivylending.net/blog/exercises-to-calm-your-anxious-thoughts-3mmbz monthly 0.5 2020-08-13 https://images.squarespace-cdn.com/content/v1/5ede5d5c4e1eb54d74680dd4/1596491163422-VO0PAD9N2UUIGN3PHESF/Happy+smiling+woman+with+curly+hair+lounging+on+couch. 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