If there is one type of borrower in this credit market whose profile has been scrutinized the most by the financial markets, it’s the sole proprietor business. Self-employed borrowers/sole proprietors used to be able to get stated income loans that would otherwise allow them to provide no income verification. Because the paradigm has shifted so…
Ever been enticed by via low mortgage rate only to find out you don’t measure up to the credit standards of that particular lender? Unfortunately it happens every day. The good news only 40% of people cannot qualify, that means there is 60% of the people who can. Nevertheless, following are common way your loan…
Looking for a mortgage loan in Sonoma County, California? Whether buying a home or refinancing a mortgage, your lender will require you to lock your interest rate on the amount being borrowed. How long you lock your interest rate for is how long you have to close escrow. This is where consumers can oftentimes find…
Great question There are several different programs which would help you decide on purchase price, and monthly payment and certainly loan qualifying. The minimum down payment to purchase a house anywhere in Sonoma County’s 3.5% which would be on an FHA insured government loan program. If your income is $92,000 per year or lower, and…
If your loan is ineligible for the HARP 2 refinance program, you do have options. If you live in Sonoma County, or Santa Rosa or a the surrounding areas, you can refinance your loan for up to 97% of the current appraised value. You be looking most likely using a government loan which has a…
This real estate market is continuing to produce many fantastic opportunities including a very make sense approach to purchasing income property. Decide where to invest your your cash… 6 Reasons Income Buying Property Makes Sense 1. Low Mortgage Rates– even for investment properties, continue to remain low creating a favorable mortgage payment. It’s not uncommon…
How to select the right mortgage company for competitive rates. Choosing the right mortgage company to handle your loan is much easier said than done. Mortgage companies have so many designations, “mortgage broker”, “mortgage lender”, “mortgage bank” and then there’s individual banks and local credit unions. Begin by understanding the differences between the various mortgage…
Two questions on every mortgage applicants’ mind “where are mortgage rates? Does it make sense to wait till after the presidential election to complete my purchase or refinance? Let’s be clear about one underlining theme.. Its how the election’s results will be perceived by the markets that could cause mortgage rates to move Let’s explore…