Planning a Mortgage When You Own a Business
Coordinate tax, cash-flow and borrowing decisions early because reducing taxable income or moving business funds can affect documentation.
Guide collection
Special Situations
Plan for condos, multi-unit homes, self-employment, military service, divorce, inheritance and other less-standard cases.
Mortgages for Condos and Co-ops
Understand unit review, project review, association finances, insurance and the different legal structure of cooperative ownership.
Owner-Occupied Two- to Four-Unit Properties
Review occupancy, rental-income treatment, reserves, appraisal, insurance and landlord responsibilities.
Mortgages for Second Homes
Clarify occupancy, distance, rental plans, reserves, insurance and pricing rather than calling an investment property a second home.
Investment-Property Mortgages
Expect different down-payment, reserve, pricing, income and insurance considerations for non-owner-occupied property.
Divorce, Separation and a Joint Mortgage
A private agreement does not automatically release a borrower from the note. Review title, liability, refinance, assumption and sale options with qualified advisers.
Inherited Homes and Existing Mortgages
Identify the borrower, estate authority, title, servicer, insurance, occupancy and any successor-in-interest protections.
Reverse Mortgages and HECMs
Reverse mortgages generally serve homeowners age 62 or older, increase the balance over time and still require taxes, insurance and property upkeep.
Mortgages After Bankruptcy or Major Credit Events
Program waiting periods, re-established credit, court documents and lender overlays vary; verify current rules before planning a purchase or refinance.
State and Local Mortgage Differences
Foreclosure process, taxes, title practice, community-property rules, homestead protection, assistance and closing customs vary across the United States.