Cameron Financial Services

Cameron Financial Services Providing consumer information on residential, investment, reverse mortgages

What if you could buy a home that needs work and finance the repairs into your mortgage -- all in one loan? Renovation l...
09/02/2026

What if you could buy a home that needs work and finance the repairs into your mortgage -- all in one loan? Renovation loans make that possible, and they're a powerful tool for buyers in today's inventory-constrained market.

Popular renovation loan programs:
- FHA 203(k) -- Full rehab loans for structural and cosmetic improvements
- Fannie Mae HomeStyle -- Conventional renovation loan with flexible guidelines
- Freddie Mac CHOICERenovation -- Another conventional option with broad eligible improvements
- VA Renovation Loans -- For eligible veterans combining purchase and repair

These loans allow you to buy a home below market value, roll the renovation costs into one loan, and build instant equity as the improvements are completed.

In Colorado and New Mexico, finding move-in-ready homes at accessible price points can be challenging. A renovation loan opens up a whole category of homes that most buyers overlook -- properties with potential that others pass on.

If you're open to a home that needs some love, let's explore whether a renovation loan could expand your options.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

Can't find the perfect home? Build it. Construction loans make it possible to finance the building of a new home from th...
08/28/2026

Can't find the perfect home? Build it. Construction loans make it possible to finance the building of a new home from the ground up -- and they work differently than a traditional mortgage.

Here's how construction loans generally work:
- Funds are released in stages (called draws) as the build progresses
- Interest-only payments during construction in most programs
- At completion, the loan converts to a permanent mortgage (one-time close) or is paid off with a new mortgage (two-time close)
- Requires detailed plans, builder contracts, and timeline approval
- Land can often be included in the loan

One-time close construction loans are particularly popular because you lock in your rate and only pay closing costs once -- at the beginning of the process.

Building a home requires coordination between your builder, the lender, and the title company. I've helped buyers in Colorado and New Mexico navigate this process and come out the other side with the home they actually wanted.

If you're considering new construction, let's talk before you sign with a builder. Knowing your financing options ahead of time puts you in a much stronger position.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

Your investor clients don't have to prove their personal income to buy rental properties. DSCR loans are specifically de...
08/27/2026

Your investor clients don't have to prove their personal income to buy rental properties. DSCR loans are specifically designed for real estate investors -- and they're one of the fastest-growing product categories I work with.

DSCR stands for Debt Service Coverage Ratio. Here's how it works:
- The property's rental income is compared to the mortgage payment
- If rent covers or exceeds the payment, the loan qualifies
- No W-2s, tax returns, or employment verification required
- Perfect for investors with multiple properties or complex financials
- Works for single-family, condos, 2-4 units, and short-term rentals (in most cases)

For Realtors who work with real estate investors, having a lender who understands DSCR financing is essential. These deals move fast and require a lender who knows the product inside and out.

If you have investor clients looking to grow their portfolio in Colorado or New Mexico, I can help them close efficiently with DSCR financing -- without putting their other income documents under a microscope.

Let's connect and talk about how I can support your investor clients.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

If you're self-employed, you already know the challenge: your tax returns show as little income as possible (because tha...
08/26/2026

If you're self-employed, you already know the challenge: your tax returns show as little income as possible (because that's smart tax strategy), but that same tax return makes it hard to qualify for a traditional mortgage. Bank statement loans solve this problem.

Here's how bank statement loans work:
- Instead of tax returns, we use 12 or 24 months of personal or business bank statements
- Deposits are averaged to calculate your qualifying income
- Business expense ratios may apply depending on the program
- Credit scores typically 620 or higher
- Available for primary homes, second homes, and investment properties

This program was built for the modern entrepreneur -- the business owner, the freelancer, the contractor -- who has real income and real financial strength, but a complex tax picture.

I've helped many self-employed borrowers in Colorado and New Mexico get to closing when they thought it wasn't possible. It just takes the right program and the right approach.

If you're self-employed and have been discouraged from applying for a mortgage, this conversation could change that.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

Traditional mortgage guidelines don't fit every borrower -- and that's exactly why Non-QM (non-qualified mortgage) loans...
08/21/2026

Traditional mortgage guidelines don't fit every borrower -- and that's exactly why Non-QM (non-qualified mortgage) loans exist. If your income doesn't show up neatly on a W-2 or tax return, there may still be a strong loan option available for you.

Non-QM loans are designed for:
- Self-employed borrowers with complex tax returns
- Investors using rental income as their primary income source
- Borrowers with recent credit events (bankruptcy, foreclosure)
- Foreign nationals purchasing U.S. property
- High-net-worth individuals with substantial assets but low documented income

Instead of traditional income verification, Non-QM programs can use bank statements, asset depletion, 1099s, or rental income (DSCR) to qualify borrowers.

These loans typically carry slightly higher rates than conventional financing, but for the right borrower, they open a door that would otherwise be closed.

In Colorado and New Mexico, I work with a range of Non-QM options designed to fit real-life financial situations.

If you've been told you can't qualify, let's take a fresh look. There may be more options than you think.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

One of the most frequent questions buyers ask is: 'Should I go with a 15-year or a 30-year mortgage?' It's a great quest...
08/20/2026

One of the most frequent questions buyers ask is: 'Should I go with a 15-year or a 30-year mortgage?' It's a great question -- and the honest answer is that it depends on the buyer's situation.

15-Year Mortgage:
- Higher monthly payment
- Significantly less interest paid over the life of the loan
- Builds equity much faster
- Lower interest rate than a 30-year in most cases
- Great for buyers with strong cash flow who want to pay off faster

30-Year Mortgage:
- Lower monthly payment
- More cash flexibility each month
- Easier to qualify for a higher loan amount
- Can always make extra principal payments when budget allows
- Better for buyers who prioritize monthly cash flow or investment flexibility

Neither option is universally better -- it comes down to your income, your goals, and how long you plan to stay in the home. I'll walk you through both scenarios so you can see the real numbers side by side.

Let's find the mortgage term that actually fits your life.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

One of the most common questions I hear from homeowners considering a refinance: 'How do I know if it actually makes sen...
08/19/2026

One of the most common questions I hear from homeowners considering a refinance: 'How do I know if it actually makes sense?' The answer comes down to a simple concept called the break-even point.

Here's how to think about it:

Your refinance break-even = Total closing costs divided by monthly payment savings

Example:
- Closing costs: $4,500
- Monthly savings: $150
- Break-even: 30 months (2.5 years)

If you plan to stay in your home longer than 30 months, the refinance likely makes financial sense. If you're planning to sell or move sooner, the math may not work in your favor.

There are other factors too -- your remaining loan term, whether you're switching from an adjustable rate to a fixed rate, and your long-term financial goals. It's not always just about the monthly payment.

I do these analyses all the time for homeowners in Colorado and New Mexico. It takes about 10 minutes and gives you a clear picture of your options.

Let's run the numbers for your situation.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

If you currently have an FHA or VA loan and rates have dropped since you closed, there may be a fast, low-documentation ...
08/14/2026

If you currently have an FHA or VA loan and rates have dropped since you closed, there may be a fast, low-documentation path to a lower payment. These are called streamline refinances -- and they're designed to make refinancing simple.

FHA Streamline Refinance:
- No appraisal required in most cases
- Minimal credit documentation
- Must lower your monthly payment or move to a fixed rate
- Cannot take cash out

VA IRRRL (Interest Rate Reduction Refinance Loan):
- Also called a VA Streamline Refinance
- No appraisal or income verification in most cases
- Designed exclusively for existing VA loan holders
- Very low closing costs in many cases

Both programs were created to make it easier for existing government loan holders to benefit from lower rates without a lengthy process. They're some of the fastest refinances we close.

If you have an FHA or VA loan and haven't looked at your rate recently, it's worth a quick check. Let me take a look at your current terms and see if we can improve your situation.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

If you've been in your home for several years and your property value has grown, you may have more financial flexibility...
08/13/2026

If you've been in your home for several years and your property value has grown, you may have more financial flexibility than you realize. A home equity loan lets you tap into that built-up equity with a fixed payment and a clear payoff date.

How a home equity loan differs from a HELOC:
- Lump sum disbursement (not a revolving line)
- Fixed interest rate for the life of the loan
- Predictable monthly payments
- Separate from your existing first mortgage
- Terms typically range from 5 to 30 years

This makes home equity loans a great fit for one-time needs like a major home renovation, debt consolidation, medical expenses, or any large planned expense where you want certainty in your payment.

Colorado and New Mexico homeowners who purchased several years ago have seen strong appreciation. If your home has gained value, you may have significantly more equity than your original purchase price would suggest.

Curious about your equity position? Let's find out together and see what options you have.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

Need access to cash but don't want to touch your mortgage rate? A Home Equity Line of Credit (HELOC) might be the right ...
08/12/2026

Need access to cash but don't want to touch your mortgage rate? A Home Equity Line of Credit (HELOC) might be the right tool for you.

Here's how a HELOC works:
- It's a revolving line of credit secured by your home's equity
- You draw from it as needed, rather than receiving a lump sum
- Interest is typically only charged on what you borrow
- Rates are usually variable, tied to the prime rate
- Draw periods are often 10 years, followed by a repayment period

HELOCs are popular for ongoing projects like home renovations where costs come in phases, or as a financial safety net. Because you only pay interest on what you use, they can be very cost-effective compared to other forms of credit.

One thing to keep in mind: your home is the collateral. It's important to borrow responsibly and have a clear plan for repayment.

If you own your home in Colorado or New Mexico and have built up equity, let's explore whether a HELOC fits your financial goals.

Rod Cameron | NMLS #192897 | Licensed in CO, NM | Visit my website here: https://lnkd.in/gqimCD96 | Cell: (303) 919-8199 | [email protected]

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Lakewood, CO
80228

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