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News & Insights

ITIN Loans for Non-Residents: A Comprehensive Guide

ITIN loans provide an essential pathway to homeownership for non-residents and those without a Social Security number. It is as simple as it sounds. It is a type of home loan available to those who do not have their social security numbers. It is beneficial for people who are not eligible for conventional loans. As ... Read more

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Should I buy a house now or wait?

Monthly overview, May 2024 A question that arises often in our conversations with friends and clients is “Should I wait with home buying or grin and bear it now, while others are still waiting for rates to go down?”  You want to buy a new home. But so do millions of other Americans. The market ... Read more

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Closing on Your House – Avoid These Mistakes

Closing time approaching. It’s so exciting. Everything is going so well. Well, to keep it going well, the pre-closing time requires careful planning and avoiding common pitfalls that could jeopardize your mortgage approval. Pre-Closing Don’ts Credit stabilityMaintaining credit stability involves more than avoiding new credit cards or loans. It also means refraining from closing existing ... Read more

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Home Buying – Do I Need a Real Estate Agent?

In the realm of home buying, individuals often seek ways to trim expenses or sidestep the substantial fees associated with real estate transactions. From scouting the ideal location to structuring a mortgage and handling closing expenses, the journey toward homeownership entails significant costs, prompting savvy buyers and sellers to hunt for money-saving opportunities and favorable ... Read more

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Protect Yourself from Illegal Mortgage Fees

The Consumer Finance Protection Bureau (CFPB) recently released an update on its efforts to combat “junk fees” or illegal mortgage fees in the mortgage servicing market. These fees, often assessed improperly by banks and lenders, can lead to substantial financial harm for consumers. Monitoring the market “The CFPB is actively monitoring the market for emerging ... Read more

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HELOC or HELOAN: Home Equity Options for Financing Needs

Homeowners often consider tapping into their home equity for various financial needs. Two common options for leveraging home equity are Home Equity Loans (HELOANs) and Home Equity Lines of Credit (HELOCs). While both allow you to borrow against your home's value, they have distinct features that cater to different financial situations.

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Divorce And Mortgage Options

Divorce can be a challenging time, and navigating mortgage options adds another layer of complexity to an already emotional situation. Here’s a comprehensive guide to understanding what happens to your mortgage during a divorce and exploring the available options. Dealing with a mortgage during divorce adds complexity. Careful planning and proven strategies can help resolve ... Read more

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Non-QM Loans: Which One Is The Best Choice?

In this comprehensive exploration, we'll delve into the various types of non-QM loans available, helping borrowers understand their mortgage choices and find the right financing solution.

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A Guide to Non-QM Loans Offering Flexibility

Non-QM loans, or non-qualified mortgages, have emerged as a valuable option for borrowers with unique financial circumstances. In this in-depth guide, we'll explore the particularities of non-QM loans, their advantages, potential risks, and essential considerations for prospective homebuyers.

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Loan Closing Process Explained To You

Loan closing, the final frontier between you and the keys to your new home or the many benefits of refinancing your mortgage. It’s the culmination of a series of steps that involve preparation, documentation, and coordination among various parties as explained in our mortgage guide. At Buckingham Mortgage LLC, we aim to guide you through ... Read more

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