About Dmitriy Oterin – MortgageDepot
With over 18 years of experience in the financial services industry, Dmitriy Oterin brings a wealth of knowledge and expertise to his role as a Mortgage Loan Originator. His extensive background in banking, investment management, and financial planning has equipped him with the skills to help clients navigate the complexities of the mortgage process, ensuring […]
What impact will Trump have on mortgage rates?
Hopes for a lower-rate environment in 2025 grew as mortgage rates finally began to dip at the end of May and the Federal Reserve adopted increasingly positive language on the prospect of rate cuts on the horizon. But the broad pre-election consensus that rates would move gradually lower next year no longer looks a surefire […]
Understanding Pooled Funds In Mortgage Applications
One of the unique aspects of our approach is how we handle pooled funds, especially when it comes to family members living together. Pooled Funds: Not Considered a Gift Did you know that at MortgageDepot, we do not consider pooled funds as a gift? This can be a significant advantage for borrowers who reside with […]
Now hiring: ‘Super high-IQ’ staff wanted for Musk’s new department – for free
Musk followed up the post, hinting at the heavy work that the role will have. “This will be tedious work, make lots of enemies & compensation is zero,” he said on X. “What a great deal!” Indeed, this will be tedious work, make lots of enemies & compensation is zero. What a great deal! […]
Close In LLC Name With Our DSCR Loans
For investors looking to maximize their opportunities, we offer specialized financing options, including Debt Service Coverage Ratio (DSCR) loans, tailored for those with vested interests in Limited Liability Companies (LLCs) or Corporations. What are DSCR Loans? DSCR loans are a unique type of financing designed for real estate investors. Unlike traditional loans that rely heavily […]
We found the 10 best states for real estate investment in the USA
For the parameters, we ranked the top ten best states with median rental charges that are above the national price and with the lowest median home prices. Let’s look at them closely: 1. Delaware MEDIAN RENT MEDIAN HOME PRICE $1,150 […]
Cash Out To 90 LTV With No MI
Maximize Your Home’s Equity with our Cash-Out Refinance program. We’re excited to introduce our latest offering: a cash-out refinance option that allows you to access up to 89.99% of your home’s loan-to-value (LTV) without the burden of mortgage insurance (MI). This unique offering sets us apart from big banks and retail lenders, providing you with […]
Multifamily loan cap hike “appropriate”, says MBA
The loan limit hike contrasted with the FHFA’s stance last year, when the 2024 cap was set below 2023 levels. “Over the past year, since workforce housing was first exempted from the caps, both enterprises have seen encouraging growth in this critical market segment,” the agency said in a statement. FHFA will continue to require […]
Simplifying Gift Funds For A Home Purchase
Did you know that at MortgageDepot, we DO NOT require proof of donor ability when a gift is given? This is a significant advantage for many homebuyers who receive financial gifts from family or friends to help with their down payment or closing costs. Understanding the nuances of gift fund requirements can be a game-changer […]
UWM EVP: Expect rate cuts and a busier market in 2025
Many consumers may still believe now isn’t the right time to refi their mortgage, “but they might be sitting on a 7.5% loan,” he pointed out. “They need to be saving money now. We still do a tremendous amount of refi. So the reality is that consumers need to get over the [hesitance] of ‘Hey, […]