Non-QM Loans Are Booming This Year – Helpful info from Tracy Shaw at Prestige Capital Non-QM (non-qualified mortgage) loans have become more popular this year, as they offer much more flexibility to various types of borrowers. These programs allow borrowers to qualify using alternative methods, outside the strict lending requirements outlined by the Consumer Financial…
Using Home Equity to Build Wealth – Tips from Tracy Shaw at Prestige Capital Home equity reached record levels this summer, with the average American homeowner sitting on $212K in tappable equity. That’s leaving 20% of equity in place on the existing mortgage. Here are a few ideas to take that equity and invest to…
In the News from Prestige Capital – Fed Rates and New Hope for Veterans The Federal Reserve’s July FOMC meeting resulted in maintaining the benchmark interest rate of 4.25% to 4.5%, despite increasing pressure from the White House. The same rate has been in place since last December, as the Fed continues to monitor the…
HELOC Offers Financial Flexibility – Info from Prestige Capital and Tracy Shaw Home equity levels are at historic highs, with the average American homeowner having access to $212,000 in tappable home equity, while still leaving 20% equity intact. This increase in accessible funds combined with lower interest rates has spawned an uptick in Home Equity…
Mortgage Rate Updates from Tracy Shaw of Prestige Capital The Federal Reserve met last week, and announced they would hold the Federal Funds Rate steady for now, as most investors predicted. The benchmark rate has been 4.25% to 4.5% since last December, as the Fed awaits more data to evaluate the impact tariffs will have…