When you make a loan against a home that you already own, this is commonly known as a reverse mortgage. You can borrow against equity once you have paid down a home, and take out funds to pay other expenses. Many people use this to purchase a second or investment property. It can also be… [Read More]

There are many ways to calculate how much home you can afford to buy on your annual income. In all the various suggestions, a key lesson is to make your home purchase decision carefully. Nickle City Funding in Orchard Park, NY has compiled various theories on how to determine the value of home you can… [Read More]

Stated Income Loans Are you a property investor that owns multiple homes or apartment complexes? Do you have unusual income sources that do not meet automatic underwriting or common loan criteria? You may want to consider a stated income loan. Nickel City Funding, Inc. in Orchard Park, NY is here to explain stated income loans… [Read More]

In many parts of the state, trying to buy a home may seem like an unaffordable and unrealistic dream. This may be especially true if you do not make much. How can you expect to afford a $500,000 home if you only make $50,000 per year? Well, if you buy the right home with the… [Read More]

Nickle City Mortgage works with a wide range of borrowers seeking to buy a home. Our Orchard Park, NY staff are standing by to help with any questions you have. This week, we are here to address some frequently asked questions we get for Non-Qualified Mortgages (also known as Non-QMs). Feel free to contact us… [Read More]

Nickel City Funding in Orchard Park, NY has helped a diverse array of buyers secure a home. This week, we are here to talk about a unique type of mortgage for people with non-traditional sources of income. This program is often referred to as a “Self-employed loan.” Recent loan guidelines aim to simplify the process… [Read More]

Nickel City Funding is here to help Orchard Park, NY residents learn about a unique home financing tool for physicians and their families. Mortgages in this program are commonly referred to as “Doctor Loans” or “Physician Mortgage Loans.” Early-career doctors often use these loans. However, varieties of medical professionals—from Dentists to Veterinarians—have taken advantage of… [Read More]

As the name implies, a manual underwriting mortgage is a type of home loan that is underwritten using a manual process, as opposed to an automated standard. Many people secure mortgages using automated review systems. A typical borrower with a high credit score and income can be processed quickly with an automated review. However, people… [Read More]

Through its very name, a portfolio loan makes its function clear. Lenders who make this type of loan will keep it in their portfolio, and do not sell it. This is so they can earn the full loan interest. Some trends show that portfolio loans are usually made by a smaller bank or credit union…. [Read More]

Many people have found that when they sell a home, staging a house will both reduce its time on the market and increase its price. However, simply staging a home alone will not bring you success. This is why we are here to help you understand some key tips to stage your home, and maximize… [Read More]