Consumers thinking about getting a mortgage should know where they stand. Here is what you might not know about your credit score when it comes to applying for a mortgage. The truth is not all credit reports are created equal. Many of the consumer credit reporting services that are available in the market place today…
This local county housing market continues to evolve and show strong signs of growth and appreciation. Here is what you need to know if you are going to be buying a house in 2018… Two things to watch for is interest rates and home prices. Both heavily can affect your ability to borrow and ultimately,…
Discount point are nothing more than upfront head you pay to purchase a lower interest rate and subsequently a lower monthly payment. In some case the you may not have a choice to pay discount points. Following are those ways… It is reasonable to assume when refinancing with a lower than 660 credit score on…
One of the questions home buyers have when house hunting is the relationship between their monthly mortgage payment and how much purchase price they are looking to take on. Here’s what you can use as a guide when you’re house hunting to help determine that bridge that gap… In most instances, for every $100,000 of…
The Federal Housing Finance Agency just released the new 2018 national loan limits. These loan limits provide increases in most counties throughout the United States. Here’s how the changes will benefit you when buying or refinancing a home. The loan limit increase changes the conforming loan limit from $424,100 to $453,100. This increase allows for…
Whether you buy a home or rent a home you will still have a housing payment obligation to make each month. The unfortunate reality in Sonoma County, CA is that in many cases you could be easily paying more in rent than you would for a mortgage. Not everyone who rents should be and not…
If you’re trying to refinance your mortgage you should know what the costs are really are going to be and how they play into the mathematical equation of the total picture. Here’s what you need to know when it comes to refinancing your house and paying fees… When you refinance your house your closing costs…
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…