Mortgage Lenders
Lessons from Silicon Valley Bank: How Fidelity Mortgage Lenders’ Stability Can Help Borrowers During Bank Collapses
Are you searching for an affordable and flexible residential or commercial property mortgage? A traditional lender like Silicon Valley Bank or SVB may not be the ideal place to start looking right now. Before explaining why a more stable private lender may be more appropriate for your situation, let’s examine what transpired with Silicon Valley and similar banks. Recently, SVB
5 Mortgage Tips That Can Help You Get the Best Deal
If you’re considering purchasing a new home as an investment, it’s crucial to arm yourself with the right knowledge and strategies to secure the best deal possible. However, when you work directly with a mortgage loan expert, the journey becomes more clear and simple. Here are five essential mortgage tips to consider before planning your search for purchasing a home.
How to Finance a Non-Owner-Occupied Duplex Or Multifamily Home
Suppose you want to invest in a business that rents property to tenants. You’ll need to learn about non-owner-occupied mortgages and special home loans for properties to be used only as rentals. While these special loans are like home loans, it’s essential to understand the differences. Here are crucial facts you should know about a non-owner-occupied loan. What Is a
When Is the Best Time to Float or Lock Your Mortgage Rate?
Buying a property, whether for commercial or rental purposes, is a valuable investment. The main barrier for most people is funding for a down payment. If you’ve saved the money, your next concern should be a monthly mortgage rate that fits your budget. Here are insights on when to secure an appropriate mortgage rate for your needs. Prioritizing a Good
7 Bad Reasons for Refinancing Your Mortgage
A home refinance loan means you can borrow money from your home’s accumulated equity. However, you shouldn’t refinance your mortgage for random reasons. Let’s discuss when you shouldn’t refinance your mortgage. Bad Reasons to Refinance Your Mortgage Consider the following reasons why you should hesitate to pursue a refinance loan. For consolidating debt Using your mortgage to refinance for a
A Quick Guide to Reverse Mortgage: What You Need to Know
Are you running out of your retirement savings or looking for supplementary income late in life? This reverse mortgage guide explains how taking out a loan against your home equity may provide the cash you urgently need. Keep reading to learn more. What is a Reverse Mortgage? A reverse mortgage is typically a type of loan available to homeowners who
How to Avoid Commercial Mortgage Fraud
The rate of mortgage fraud has declined over the last decade, as per the United States Sentencing Commission. In fact, the most recent report, dated August 2022, indicates that the number of mortgage fraud offenders has gone down by 69.9% since the 2017 fiscal year. While this is a positive report, the commercial mortgage fraud scheme is still active, so
How Mortgage Rates Are Calculated at Fidelity Mortgage Lenders
When estimating your mortgage rate to calculate the possible cost of a real estate loan, there are multiple factors to keep in mind. The market itself, including the state of the economy, and personal factors like your credit score play a significant role. Read on to learn more about how we determine mortgage rates at Fidelity Mortgage Lenders. Factors That
Our New Chairman and President- Fidelity Mortgage Lender, Inc.
At Fidelity Mortgage Lenders, Inc., we are pleased to announce that Charles Hershson will continue his legacy as our Chairman alongside Peter Steigleder as President. Hershson, acknowledged as “Uncle Chuck by his team members,” founded the company in 1971, after years of working as a licensed real estate broker. Chuck also served as the President of California Mortgage Association (CMA),
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May 10, 2023
