Blog 7 - Sprint Funding

Partial view of table with loan agreement papers

June 16, 2023

What are the 7 Types Of Conventional Loans?

You may have heard about conventional loans and wonder if this type of loan is right for you. It’s important to know what types of conventional loans are available and how they differ from other loan products. This article will provide insight into the seven types of conventional loans and

May 18, 2023

5 Common VA Loan Myths Debunked

VA loans are a popular choice for military service members and veterans interested in purchasing or refinancing a home. Despite this, there are still numerous myths and misconceptions surrounding VA loans that could discourage individuals from taking advantage of this valuable benefit. In this post, we will debunk some of

May 5, 2023

Find the Best Conventional Loan Lenders for Your Home

Are you in the market for a conventional home loan, but don’t know where to start? The decision to buy a home is a huge one, and finding the right lender can make all the difference. The good news is that you don’t have to leave the comfort of your

May 3, 2023

What is the Major Risk for the Bank in a Reverse Mortgage?

Reverse mortgages can be a valuable financial tool for seniors who want to access the equity in their homes without having to sell or move. However, like any financial product, reverse mortgages come with risks, not just for the borrower, but also for the lender. Explore the major risk for

May 3, 2023

Who Benefits Most from a Reverse Mortgage? A Useful Guide

A reverse mortgage is a type of loan that allows seniors to convert the equity in their homes into cash. They are not required to sell their homes or make monthly payments. Instead, the loan is repaid when the borrower sells the home, moves out, or passes away. Reverse mortgages

April 21, 2023

Understanding the Most Popular Reverse Mortgage Option

As we age, it’s common to consider ways of ensuring our financial stability in the long run. Reverse mortgages have become a popular option for seniors looking to tap into the equity in their homes to supplement their retirement income. Homeowners can receive cash payments based on the equity they’ve

April 21, 2023

Unlock Your Loan Eligibility: Understanding DSCR and Its Impact

When it comes to loans, borrowers often find themselves in a complex web of financial criteria. Although one might think that their credit history and score should ultimately decide whether or not they qualify for a loan, there are actually other important factors lenders consider as well. DSCR (Debt Service

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April 20, 2023

Everything You Need to Know About DSCR Loans

DSCR loans, or debt service coverage ratio loans, are a type of loan that is used to evaluate a borrower’s ability to repay a loan. DSCR lenders typically require a minimum ratio of 1.25 to 1, meaning that the borrower’s net operating income must be 25% greater than their total

April 14, 2023

Conventional Loans: Everything You Need to Know About Repayment Terms

As housing prices continue to increase, it has become increasingly difficult for many to afford a home. Conventional loans have become an increasingly popular option for first-time and current homeowners alike as they offer benefits, such as fixed-rate mortgage options, up to 90% loan-to-value ratios, and more. However, before taking

Older couple signing on a paper - Sprint Funding

April 14, 2023

Reverse Mortgages Explained: What You Need to Know Before Applying

If you’re a homeowner over the age of 62, you may have heard of a reverse mortgage at one point or another. What exactly is a reverse mortgage though? Put simply, it’s a way for you to tap into your home’s equity in retirement, typically enabling you to use it