• Mike Trollope, Mortgage Broker

    Mike Trollope, Mortgage Broker

  • Mortgage Terminology

    Mortgage Terminology

Employee Pricing: Big Banks or Car Dealership?
Employee Pricing: Big Banks or Car Dealership?

You may have seen the ads from a bank declaring “Employee Pricing” for your mortgage. Before we get too caught up in the Hype, let’s take a closer look.

Stated Income Mortgage Q & A: Business for Self with Non-Traditional Income Verificaiton
Stated Income Mortgage Q & A: Business for Self with Non-Traditional Income Verificaiton

What is a Stated Income mortgage? It is a specialty mortgage that goes by a few different names, Stated income, Alt A, or Low Doc, but it is essentially a program for people that are Business for Self that can’t prove income by traditional means.

Not All Mortgage Penalties Are Equal
Not All Mortgage Penalties Are Equal

This is a story about Joe and Sue. Two different people with similar mortgages, but very different prepayment penalties.