The U.S. Department of Veterans Affairs guarantees loans up to 100% loan to value for purchase rate and term or Cash out refinance loan scenarios. The VA mortgage contains a funding fee which will vary […]

Paying off debt to qualify is a wonderful way to drive borrowing power. For example, let’s say you have a couple of credit card payments totaling $300 a month with some relatively small balances. Upon […]

Refinancing or purchasing a house requires an ample supply of cash, credit and income. Here’s what you need to know with regards to getting a mortgage loan with roommate income. Generally, to get a mortgage […]

In the last few years, mortgage lending guidelines have begun to loosen as the broader economy is stronger now that the recession has passed. The following refinance scenarios may seem quirky, but work well and […]

To apply for a mortgage, get approved and close escrow you must have some sense of urgency. Whether you are buying a home or refinancing a home, your mortgage application needs to get moved up […]

Purchasing a house for the first time requires careful planning and consideration so you can make the right financial choice for you and your family. Here’s what you ought to consider when your determining whether […]

Applying to purchase or refinance a mortgage is going to require you providing an ample supply of credit, cash and documentable income to support the loan that you are seeking.  Contrary to popular belief a […]

When you make an offer purchase a house you have two types of closing costs: reoccurring closing costs, which are interest, taxes and insurance; and non-recurring closing costs, which are often considered the junk fees […]

Fannie Mae and Freddie Mac’s mortgage calculation of use net income is super conservative and will make your mortgage on your rental property worse from a debt to income ratio perspective. Let’s say you’re renting […]

When you’re buying or refinancing a house it goes without saying you want to get a competitive interest rate with favorable terms associated with the money you are borrowing. Two programs that support your ability […]

In the last few years mortgage lending guidelines have begun to loosen as the broader economy is stronger now that the recession has past. Following refinance scenarios are eligible for financing… Cash-out refinancing followed by […]

One of the challenges home buyers face when purchasing a house for the first time is how much of their income should go toward a mortgage payment. This number varies greatly and just because the […]

Mortgage loan officers hear daily from consumers that they don’t want their credit score pulled because they’re worried about their credit score dropping. Unfortunately, the internet is full of information providing an overabundance of information to consumers yet […]

A 1031 tax-deferred exchange is a deferred exchange in the gain of an investment property used to acquire another investment property. Make no mistake this is a deferment where you’re kicking the can on paying […]

Proposition 13 was enacted in California in 1978 to limit the amount of property taxes that homeowners pay. Prop 13 protects your property taxes from increasing by more than 2 percent per year. It protects […]

To buy a house, you need to have at least a good credit score, provable income that supports your ability to repay the mortgage and enough money for a down payment. If you’re looking to […]

Why would a mortgage payment ever change? Consumers are often given little explanation by their bank on why their payments are suddenly due to a different company. If this has ever happened to you, here’s […]

Looking to move up in the housing world, but don’t quite have the cash? The following are a few programs that may be available to you: VA financing  If you are a veteran, you can […]

If you’re purchasing a house – whether it’s a primary home, move-up home or secondary home – and the house needs work, don’t shy away from that. Here’s what you might want to think about […]

Do you think your credit score qualifies you for some of the best mortgage terms available today? Maybe you’ve requested your credit scores recently and you think they look pretty good, but what if what […]

The first and most important factor to consider when buying a house is, quite simply, whether you can afford it. Is your income rising, remaining stable or is it decreasing? If it’s either of the […]

Time is not on your side when it comes to an escrow. The mortgage process can be a bureaucratic, complicated gauntlet that punishes today’s borrowers more often than not. One of the many factors that […]

Depreciation, mortgage insurance and other factors can affect owning a rental property. In fact, if you’re financing another property while you have a mortgaged rental space on your schedule, your rental may count as a […]

It’s no surprise that banks are coming up with innovative ways to elicit new mortgage business. The following tricks are ethically questionable: 1. Getting your contact information The first trick banks use is associated with […]

Purchasing a home in Sonoma County has never been easier. However, houses still sell for an average of $700,000 here, making careful planning a must. Here are six mistakes that all prospective home buyers should […]

If you’re looking to purchase or refinance a house providing tax returns can sometimes just be inconvenient especially if your tax returns have various extending schedules. Here’s what you need to know if you’re looking […]

When you apply to purchase or refinance a home, the mortgage lender adds your monthly fixed expenses to your housing payment, creating a debt-to-income ratio. When this figure is expressed as your total monthly expenses […]

When you talk to a lender about pre-approval, you’re going to go through a full range of emotions, including anxiety over whether you should buy a home or stay put. Here are five mistakes to […]