The best mortgage rates are back, lock in that great rate now! For the last few weeks, mortgage rates have been quite favorable. 30 year mortgages are now pricing under 4.5% for primary residences. This has been due to the fact the Federal Reserve is buying treasury bonds and will continue to do so only…
For folks seeking mortgages in Sonoma County, Homepath Loans offer a sound alternative financing tool. Buyers in the marketplace today are looking mainly at foreclosures. Mortgage Aggregator Fannie Mae offers a unique home loan program called HomePath for REO properties. These Homepath Loans= no appraisal, no mortgage insurance and they allow as little as 3%…
For first-time home buyers especially, FHA loans are the most popular product because the down payment needed is only 3.5%. FHA loans have the most flexible lending requirements than nearly every other loan product in the marketplace. FHA loans also have somewhat unique property requirements with regards to the appraisal. For example in order to…
The Sonoma County Housing Market hit by foreclosures and short sales, hinders homeowners’ ability to refinance their home mortgages. Insufficient equity continues to be a growing concern for both homeowners and lenders alike, doing a refinance. Mortgage lenders typically like to see 20% equity for a refinance and in special circumstances they will allow as…
If you are looking for a Sonoma County Mortgage, get a mortgage rate quote. Mortgage Interest Rates move on a daily basis causing interest rates to change sometimes by the hour. Daily macro economic events influence the buying and selling of bonds which stimulates the movement of money and subsequently, interest rate movement. Get A…
If you have tried to refinance, but couldn’t because of income, or insufficient home equity, consider the FHA Short Pay Refinance Program. The FHA Short Pay Refinance Program is backed by HUD, just like a traditional FHA Loan, and offers current homeowners an opportunity to refinance into a fixed rate mortgage for payment relief. Traditionally,…
Since the death of Bin Laden, current mortgage rates for Santa Rosa remain under 4.75%! For the last two weeks we have had a rally in current mortgage rates and you can now lock in the best mortgage since middle of 2010. Consumers are feeling stronger about the economy by pouring their money into the…
What is a no-cost mortgage ? Let me be the first to say that many lenders quote rates and programs to get you to apply with them. That being said there are several distinctions we should make when understanding what a no-cost mortgage is. Let’s first talk about all the rest. A zero points mortgage…