When you apply for a home the lender analyzes your credit score, your income credit score, and assets in determining your eligibility to buy a home. If anything changes in the process, … [Read More...] about How numbers in the mortgage process may change
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Today’s Latest Mortgage News
Should you build a house or buy a rebuild home?
For consumers who are beginning the road into homeownership, the notion of building a home versus buying something already built may seem attractive. If you are trying to decide, here are … [Read More...] about Should you build a house or buy a rebuild home?
Why failing banks is good news for mortgage rates
In the last few weeks, a handful of big banks have failed including Silicon Valley bank signature bank, and now First Republic Bank. While this is not a repeat of 2008, it does signal … [Read More...] about Why failing banks is good news for mortgage rates
What the bank or credit union may not be telling about their juicy mortgage offer
You just went into a contract to buy a home, and now it's time to get a mortgage loan to close escrow. If you decide to ask your local credit union or bank for mortgage info, make sure to … [Read More...] about What the bank or credit union may not be telling about their juicy mortgage offer
Why hourly wage earners sometimes have a hard time getting a home loan
You’re all excited to purchase your first home, you have a good job, you have a good down payment, and you’ve got a good credit score. What could go wrong, right? Here’s an occurrence that … [Read More...] about Why hourly wage earners sometimes have a hard time getting a home loan
How to avoid common self employed mortgage mistakes
If you're self-employed and trying to get prequalified to buy a home period it is not only the income you show on paper, the total picture matters. Here's what you need to know if you self … [Read More...] about How to avoid common self employed mortgage mistakes
When you’re applying for a home loan, make sure you tell your lender everything
If you’re thinking about getting prequalified to buy a home, maybe you have some issues with your credit history in the past, or maybe you cosigned for someone else’s property. These are the … [Read More...] about When you’re applying for a home loan, make sure you tell your lender everything
How your interest free consumer debt may be keeping you from buying a home
If you’re thinking about purchasing a home and you’re carrying any consumer debt, such as installment loans, personal loans, or even low-rate credit cards. These things could adversely … [Read More...] about How your interest free consumer debt may be keeping you from buying a home
Why is the Cal HFA Shared Appreciation Dream Program as good as it sounds
If you’re looking to buy a home in the State of California and you’re a first-time homebuyer, and you don’t have 20% down or a very small down payment, this program could be a game changer … [Read More...] about Why is the Cal HFA Shared Appreciation Dream Program as good as it sounds
How earning more income affects your ability to buy a home
If you’re thinking about purchasing a house, it’s not just your credit score and your down payment that counts, it’s also your income, as your income drives affordability. How much income … [Read More...] about How earning more income affects your ability to buy a home
This FHA lender rule could be problematic for your mortgage
If you're applying for a residential mortgage loan and you're looking at an FHA loan to purchase or refinance a home this lender requirement could be problematic for you as it relates to … [Read More...] about This FHA lender rule could be problematic for your mortgage
Why Silicon Valley Bank failed and why it’s good news for mortgage rates going forward
The recent failure of Silicon Valley Bank points to a broader issue that banks particularly depository institutions face as relates to their financial stability. Here is how this benefits … [Read More...] about Why Silicon Valley Bank failed and why it’s good news for mortgage rates going forward
Should I pay discount points when locking my interest rate?
For those looking to purchase to refinance a home, there might be some shellshock as it relates to costs associated with getting a home loan these days. It’s no surprise we are still in an … [Read More...] about Should I pay discount points when locking my interest rate?
FHA Mortgage Insurance Premiums reduced by 30 basis points-what this means for consumers
For folks looking to purchase or refinance a home with the FHA Loan, the Federal Housing Administration has just announced a reduction to their private mortgage insurance premiums by 30 … [Read More...] about FHA Mortgage Insurance Premiums reduced by 30 basis points-what this means for consumers
5 ways you will not get a home loan to buy a home
Most people given a choice would desire to purchase a home, arguably, given their financial situation, and their ability to handle a monthly housing payment. Oddly enough, there are times … [Read More...] about 5 ways you will not get a home loan to buy a home
