Looking to get your foot in the door? If you’re tired of paying someone else’s mortgage, now may be the time to pursue the American dream of homeownership. In fact, you need not put down 20% either. Those days are long gone. While you can always elect to put down the full 20% or more,…
Demand for real estate is prevalent is many markets across the country, one of the challenges that inevitably follows suit, is a particularly competitive real estate climate. All cash offers, offers going for thousands over list price, and a continual squeezing between affordability and prices in a given area, only adds to the frustrations many…
Buying a primary home? The 20% down rule is yesterday’s news. More down payment options exist, including both government and private sector alternatives, allowing more flexible choices. Don’t be fooled however, as most of the programs that allow for less than 20% down include PMI, an added premium built into the mortgage payment. If you…
The credit and financial choices you make today shape your future chances of procuring credit. If have a tarnished credit history, while you still may be able to qualify, it will be a document heavy process. Little lending nuances that may arise if you have credit inconsistencies… Your Credit History Matters Importance of credit is…
Unlike in years past, the Sonoma County Real Estate Market continues to show strong appreciation gains. Homeowners who were upside down in 2011-2012, now have home-equity as the demand for real estate continues, despite stale inventory. If you own a house, you now have choices to protect, preserve or leverage your newly acquired home-equity. 6 Mortgage Options…
Considering the possibility of buying a home this year? Contrary to popular belief, you need not have a down payment to get your foot in the door. Tips to avoid monthly private mortgage insurance… Ways To Get The Keys What you’ll need: a good credit score, at least 700 credit score or better with a…
Condominiums make an affordable alternative to purchasing a single-family home. As prices continue to rise in Sonoma County and Santa Rosa, purchasing a lower-priced condo makes for an attractive choice in pursuing home ownership. Quick Terms PITI– an acronym for principal, interest, taxes, and insurance. This is also your total mortgage payment which includes the…
High priced loans by ‘industry-standard’ is any first mortgage loan that exceeds 1.5% in APR the weekly offered rate for a fixed rate or adjustable rate loan backed offered by Fannie Mae or Freddie Mac. Comparing mortgages? One lender’s fees and lower rates might trigger a higher priced loan even if it seems like a…