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Can You Use Airbnb Income to Qualify for a Mortgage?

Can you use Airbnb income to qualify for a mortgage? It depends on the loan. Learn how conventional, DSCR, and hybrid STR loans treat short term rental income differently.

What Is the Best Loan to Buy an Airbnb?

The best loan for an Airbnb depends on your strategy. Learn how Conventional, DSCR, and Hybrid STR loans compare.

Employee Spotlight: Why Is TQL a Great Place To Work?

Learn what makes Total Quality Lending a great place to work — culture, growth, support for staff, and employee experiences.

Understanding Down Payments: How They Work? How Much To Pay?

Both large and small down payments have their own unique set of benefits. It’s important to weigh them carefully and work with a lender on your own personal financial situation before making a decision.

Down Payment Assistance Can Help You Achieve Homeownership

If you’re ready to put renting behind you and make the transition to homeownership, you’ve probably already begun to save for a down payment, right? For many homebuyers, the thought of actually saving for a down payment can feel dauting, especially in today’s market. When asked what the most difficult and confusing step in the homebuying process is, most buyers say saving for a down payment is one of the hardest steps on the path.

3 Ways We Show Our Clients We Care

The 3 ways we continuously show our clients we care. It’s scary to think that only 18% of homeowners return to their loan officer after a transaction. Why? Because it’s just that – a transaction. Our qualified loan consultants understand what it takes to establish a lasting relationship with every single family we help. By taking the time to prioritize your long-term goals and continuously delivering education even after the purchase process, we are used as lifelong trusted advisors. Read why we are different than any other lender and how we show clients we care.

The Key to Effective Goal Setting

If you achieve a number of small goals, and they're in sequence, and they compound to make the big goal work, that’s great! There's nothing wrong with micro victories. There's nothing wrong with daily victories. There's nothing wrong with saying, "Today my goal is to get one, and if I get one today at the end of the year, I know that I will have gotten 240, and boom, there's my business plan."

Turn Your Vacation Rental Into Your Second Home Today

Summer is around the corner and it gives many of us the opportunity to rest, unwind, and regroup. It’s worthwhile to start thinking about your plans earlier and where you want to spend your vacation this year. Here are a few reasons why purchasing a vacation home is actually the right move.

What to know before applying for a mortgage in this market

Understanding more about your mortgage payment and overall out-of-pocket expenses can help you save money- and even reduce the term of your loan. This is arguably the biggest and most complicated financial transaction of your life and mortgage payments are very complex, with multiple parts that change over time. The good news is you can link with someone on our team to educate you through the components of your single mortgage payment PITI and use that to potentially reduce your payment- and even the term of your loan. cord numbers, according to Census data. Making a decision is difficult, but it should be made on a sound understanding of what is going on in the market and what option better fits your financial long-term goals.

What to save to cover your new home's closing costs.

As a new homebuyer, you’ll face a lot of upfront expenses when you purchase a home. The key is to understand what exactly these costs account for and how you can properly plan and budget for them. A study by the U.S. News and World Report found: Nearly 40% of homebuyers were surprised by their closing costs when nearing the close of their purchase but understood the basic fundamental need of a down payment. View some helpful information below that will allow you to plan ahead and not get shocked when it’s time to close.

How rising mortgage rates impact your buying power.

Many of you may be questioning whether it’s the right time to continue your home search or wait until the storm clears, with the average 30-year fixed mortgage rate inching up to 5% from Freddie Mac. We’re here to tell you the truth of the matter is timing is everything. You may be tempted to put your plans on hold hoping rates will drop but waiting will only cost you more. Mortgage rates are forecasted to continue to rise for the rest of the year. As rates increase, your monthly mortgage payment is impacted and directly affects what you can afford.

Learn how you can save money by understanding your mortgage payment options.

Understanding more about your mortgage payment and overall out-of-pocket expenses can help you save money- and even reduce the term of your loan. This is arguably the biggest and most complicated financial transaction of your life and mortgage payments are very complex, with multiple parts that change over time. The good news is you can link with someone on our team to educate you through the components of your single mortgage payment PITI and use that to potentially reduce your payment- and even the term of your loan. cord numbers, according to Census data. Making a decision is difficult, but it should be made on a sound understanding of what is going on in the market and what option better fits your financial long-term goals.

Rental Prices Are at an All Time High. This Is the Year To Buy a Home.

Finally transition from renting to home ownership. If you’re a current renter you’re probably asking yourself this question more than ever with prices skyrocketing up 20% this year setting record numbers, according to Census data. Making a decision is difficult, but it should be made on a sound understanding of what is going on in the market and what option better fits your financial long-term goals.

Pre-Approval is Crucial for Your Home Search

You probably have heard of a pre-approval when it comes to the beginning of the homebuying process, but what does that actually mean to someone who isn’t as knowledgeable in getting a mortgage. In today’s market, with skyrocketing home prices and competitive buyers, it has never been more important to have a pre-approval before making an offer yet alone looking for homes.

The Advantages Of Owning A Property

What does owning a property do for you? For starters your bank account goes up and your landlords goes down. Your build equity every month and increase your wealth whereas you're losing it by paying your landlord - and so much more. Think about it. Where is your money going every month? You’re probably holding yourself back from being a property owner because you’re uncertain if you qualify for a mortgage and need to be educated. This is an even more important reason why to connect with one of our expert lenders and see what options are available to you.

This Weeks Mortgage Forecast 07/20/2020

This week we are talking about what is currently impacting the mortgage rates, covid-19, and more!

Don’t Let Fear Stop You from Buying a Home in 2022

This month has been no surprise if you’ve been following the market. We’ve faced continued record-breaking home prices, increased consumer costs, supply chain disruptions, and more. If you’re a buyer and thinking about purchasing a new property this year you’re probably facing some concerns on whether you should buy or wait.

Build Winning Relationships with Your Referral Partners

The perfect real estate agent-lender connection is cooperative: the agent creates trust with their borrowers by linking them with a terrific lending resource, while the lender obtains a consistent stream of business from the representative. Simple, right? Sadly, this dynamic breaks down all too frequently. Some common reasons for a deteriorating relationship include unreliability, lack of communication, failure to set realistic goals, and poor care during the duration of the lending process.

How To: Improve your Credit Score

Learn how to boost your credit score — by paying on time, reducing debt, managing credit wisely and avoiding unnecessary new credit.

3 Tips for Loan Officers to Dominate in 2022

The holidays came quickly to a close and it’s important to get 2022 moving with a bang and ensure that this year is your best year yet. Below we have together the top 3 tips to ensure to kick off this year strong.

TOTAL QUALITY LENDING LAUNCHES THE DREAM INITIATIVE

Total Quality Lending launches the “Dream Initiative”‘; Partners with Miracles for Kids to help make childhood dreams come true as part of the new program.

Owning a Home Shouldn't be Scary

Paying off a home mortgage early has been a common financial goal for decades, but is it always a good idea? Learn about the pros and cons of paying off your mortgage early.

How To Improve Your Credit

Learn mortgage dos & don’ts — tips to improve your credit, avoid last‑minute pitfalls, and boost your chances of getting approved.

Mortgages: Do's & Don'ts​

(FREE Mortgage Guide) Learn the do's and don'ts in the mortgage industry, including what to do when negotiating a mortgage, how much to spend, what mortgage types exist, and more.

Should You Pay Off Your Mortgage Early

Paying off a home mortgage early has been a common financial goal for decades, but is it always a good idea? Learn about the pros and cons of paying off your mortgage early.

The Advantage For Your Real Estate Marketing

The Advantage for Your Real Estate Marketing — tips on how real‑estate marketing can boost visibility, leads and sales for agents and sellers.

We Are Total Quality Lending Music Video

Paying off a home mortgage early has been a common financial goal for decades, but is it always a good idea? Learn about the pros and cons of paying off your mortgage early.

A Quick Guide to Understanding Mortgage Rates

Understand what determines your mortgage rate — credit score, down payment, loan type, and more — and how these affect monthly payments.

This Weeks Mortgage Forecast 08/17/2020

We are discussing what happened with rates last week, what will likely happen with rates tihis week and how you can act :)

This Weeks Mortgage Forecast 08/10/2020

This week we are dicsussing how rates might change based on the current economic climate. Click the link to learn more

Everything You Need to Know About Mortgage Preapprovals

Everything you need to know about mortgage preapprovals — how they work, what lenders check, and why they boost your buying power.

This Weeks Mortgage Forecast 08/03/2020

This week we are discussing the mortgage rates and what is the affecting them. These forecasts can help you understand when the best time to refinance and buy is.

This Weeks Mortgage Forecast 07/27/2020

This Week TQL is discussing the current Mortgage rates and how they might change throughout the week.

What does your Credit Score Mean?

Today we are dissecting what you credit score means, and what kind of home loan you can qualify for with your credit. Click to find out more!

This Weeks Mortgage Forecast 6/1/2020

Here is this weeks mortgage forecasr 6/1/2020, starting off with a recap of last week. Rates last week were unchanged and went up slightly at the end of the week.

This Weeks Mortgage Forecast 7/13/2020

This week we are discussing how rates are changing throughout the covid-19 pandemic, click to learn more about why it's a great time to refinance.

This Weeks Mortgage Forecast 04/20/2020

This week we are sharing the projected weekly mortgage forecast. Rates will likely be unchanged or worse.

This Weeks Mortgage Forecast 05/11/2020

This week we are sharing how rates will be different with a weekly mortgage forecast update. Last week rates remained unchanged. %

This Weeks Mortgage Forecast 7/6/2020

This week we share what factors are currently affecting the mortgage rates, like the Coronavirus and the Fed buying treasuries.

This Weeks Mortgage Forecast 6/29/2020

This weeks rates are likely to remain low, by the holiday weekend they could rise. Now is a good time to talk to your local lender, like us!