When you refinance your mortgage, someone is on the hook for paying fees. Who Following are the only ways loan fees can be accounted for when refinancing…. When you refinance your home closing costs are an inevitable component that must be paid for the transaction to successfully fund and close escrow. Here are the two…
The recent fire disasters have created housing demand not seen in Sonoma County in many years. Prior to the fires, strong competition, coupled with limited supply best described the local market. Now that the fires have wiped out 5% of the Sonoma County housing market, the problem has intensified. Here is how to win… Be…
Sonoma county housing was already limited prior to the Tubs and Nuns fires. This year has shown a scenario more reflective of large demand with little supply. This economic shift has created a competitive market place for home buyers driving prices up subsequently making it challenging to purchase a home. In the aftermath of the…
You’ve seen them on the internet and in your mail box, the too good to be true mortgage offer. Here is the truth with regards to mortgage offers that seem too attractive… Mortgage lenders are required to disclose interest rate and APR. Most typically have the fine print at the bottom of the offer in…
If you’re in the market for a mortgage, the worst gauge the direction of mortgage rates is the media. Here’s why … Mortgage rates trade in lockstep with the mortgage back securities market which changes with the ebb and flow of the stock market. As Money flows in and out of stocks, the same happens…
FHA loans generally are easier to get than conventional mortgages. They require less money down, allow higher payment to income ratios and generally provide more flexibility for borrowing mortgage money. If you have an income based student loan you will want to pay close attention to the details about to follow…. Mortgage lenders used to…
If you’re in the market for a mortgage and you are paying alimony, the guidelines just got easier to allow you to get a mortgage. Here’s how the new guideline will benefit you if you’re paying alimony… Previously, most mortgage companies would take an alimony payment obligation and use this debt against your income. Last…
These two factors have the biggest influence on the cost of your mortgage. There are two things can change the cost of your mortgage when buying or refinance a home more than you think. Here’s what you need to know when trying to secure the best possible mortgage for your family. The two factors that…