HomeReady Special Purpose Credit Program
Special Purpose Credit Program (SPCP) for HomeReady to help make homeownership more accessible for first-time homebuyers in underserved areas. WHAT…
2024 CONFORMING LOAN LIMIT UPDATE
Updated 2024 FHFA Confirming Loan Limits are active as of 10/11/2023! As of this date, the updated loan limits can…
Empowering 1st Time Home Buyers with a Grant
We were the first ones to bring you 100% Financing. We worked side by side with the Heroes Program and…
Mortgage Credit Certificate Program
As another alternative for affordable housing, borrowers can get homeownership assistance through federal tax credits granted by the state or…
One-Time Close New Construction Loans
One-Time Close New Construction loans give our clients a unique opportunity to build dream home with less hassle and more…
City of North Lauderdale Purchase Assistance Program
The City of North Lauderdale in Broward County, Florida, which has been rated as the number one place to live…
Can you say 100% financing? We can!
100% financing is back!!! Yup! You heard it right! $0.00 Down! That’s Zip, Zilch… whole lot of nothing! 🙂 You…
Private Mortgages?
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Lock Your Mortgage Rate & Shop
MCL has been doing a lot lately to help our clients through this tremulous housing market even with rates on…
Amended Tax Returns Stopping You from getting a Mortgage?
I just had the opportunity to assist a client that was turned away from another lender because she had an…
Mortgage Rates & Inflation; past, present and future! The silent killer is...
After looking at what has happened in the real estate market and lending rates anyone can have a ‘head full…
Mortgages for 1099 Income Earners
When it comes to mortgages and 1099 income earners we usually see challenges since after expenses the net proceeds are…
Condominium Questionnaire Enhancements
Condo Association questionnaire have been around for quite some time in the mortgage lending industry. This is because when you…
New FHA and Conventional Mortgage Limits for 2022
FHA Loan Limits MCL will accept the new loan limits on government products effective January 1, 2022. See each section…
Powell: Housing Market is not Crashing
Federal Reserve Chairman Jerome Powell said that the central bank is closely monitoring surging home prices that could make it…
Could 2% and 3% mortgage rates be nearing an end?
The average interest on a 30-year fixed-rate mortgage climbed to 3.09% on Tuesday, according to Yahoo Finance. That’s up from…
2-4 Units Update from Freddie Mac
Freddie Mac has reduced LTVs for 2-4 units on the Home Possible to 85% (CLTV remains at 95%)
2021 FHA Mortgage Limits for Florida
ITS A GREAT TIME TO START LOOKING FOR A HOME!FHA MORTGAGE LIMITS FOR FLORIDA HAVE BEEN RAISED RATES ARE AT…