As house prices continue to rise, the chance to refinance is ever more present considering favorable rates are still at historical lows. One the biggest dilemmas Sonoma County homeowners face is having a favorable appraisal valuation to refinance. Simple calculation any homeowner can do… *Divide your current principal loan balance by .8, doing so will…
Mortgage lenders are under incredibly tight protection laws from the Consumer Financial Protection Bureau, CFPB. As a result, lenders must send disclosures every single time there is a change to the loan amount, loan program, fees, apr, any aspect of the payment including principal and interest, taxes, insurance or mortgage insurance, think of it like…
The shutdown has spooked many people about whether or not they will be able to secure financing for buying a home or refinancing a mortgage. While these concerns are certainly valid, it’s going to depend on your individual mortgage company, bank or mortgage broker on how your loan may or may not be affected. The…
Let’s say, you want to put more down when buying house or your in the process of refinancing and your home appraisal comes in lower. In any case, an event transpires during the loan transaction that causes you to want to switch loan types, can be anything from moving from an FHA Loan, to a…
Buying a Sonoma County fixer property? Be prepared to do some work. What many see as a fantastic fixer-upper property, potential property issues associated with the dwelling could easily derail an appraisal and your mortgage loan. Key characteristics the property you’re interested in purchasing has some “hair on it”……………. Red Flags That Could Jeopardize Your…
Yes you do have choices. You do not necessarily have to have a credit score of 640 or higher, but it is helpful. Typically, loans for borrowers from 620-639 cost more in terms of a pricier interest rate them loans for borrowers who have better credit scores. Bottom line, if you have the income to…
We make residential mortgage loans in the great state of California. More specifically, Sonoma County,California including Santa Rosa, Petaluma, Rohnert Park, Cotati & Sebastopol, Sonoma and Healdsburg. While our focus is on the Sonoma County market, we do make loans outside of Sonoma County on a regular basis including throughout Northern and Southern California. The…
Well? Yes and No, read on…. Like it or not, your relationship with money can be best summed up on paper by how much consumer debt you carry, more specifically in the form of credit cards. Credit card debt is a double-edged sword, especially on high ticket items, like a house purchase. On one end,…