Securing a mortgage loan today for a purchase or refinance is looking very attractive with interest rates near 4% on long-term 30 year fixed rates. Over the last couple of months, mortgage rates have hit record lows three times what the last one being last week with a 30 year fixed rate mortgage hit 3.94%.…
Sonoma County First Time Home buyers listen up we are in the month of December and in case you haven’t noticed, most people have thrown in the towel on their home search until April. This means there is prime opportunity in the market to get a mortgage from an abundance of first time buyer programs.…
A key opportunity in Sonoma County is buying an investment real estate and subsequently getting an investment mortgage. Over the years non-owner occupied mortgage loans have gotten tighter in terms of stricter mortgage loan underwriting criteria. You can purchase a property in Sonoma County with an investment mortgage and positively cash flow the property after…
A Sonoma County Refinance Loan will require an appraisal in order to determine the value of the property the mortgage lender will lend against. Unlike the purchase transaction, the refinance deals solely you as the borrower, the mortgage lender and the real estate appraiser who has been hired to do a valuation of your property.…
The Sonoma County mortgage market is fluid in the availability of mortgage money. Mortgage lenders however, are concerned about one thing: that is risk. When making home loan, a mortgage lender is concerned about risk above and beyond anything else. They want to make sure the loan they are funding can carry “representation and warrants”…
If you are thinking about taking out a mortgage loan run some payment scenarios first. Figure out how much you can afford based upon using a simple mortgage loan calculator which will give you your payment, property taxes, fire insurance as well as take into consideration any extra principal payments that you choose to make…
The temporary FHA Loan Limits were reduced on October 1, 2011 as Congress elected to not renew them. The county by county loan limits were reduced to original loan limits which were upwards of $100,000 or more less per county. Congress re-evaluates! Congress has reevaluated their decision and have agreed to reinstate the previous loan…
Stop and listen up if you had a previous bankruptcy on or before December 2, 2009 you can get a mortgage loan. You had a previous foreclosure or short sale on or before December 2, 2008 you can get a mortgage loan. Let 2012 be the year to get back on your feet and secure…