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…
The standard set by the lending industry is three credit scores are needed for obtaining a mortgage. Reality? That requirement is no longer the ‘benchmark’. Securing a mortgage without three credit scores is doable, here’s how.. Credit Score Per Bureau The basis for how lenders view the credit, is the degree of likelihood of a…
It’s not surprising interest rates are on the rise as the fed has committed to reducing their mortgage bond buying starting this month. There is an array of factors affecting a mortgage rate things like; home occupancy, loan type, and even property type. Two factors carry the most weight when shopping mortgages… How Lender Sees…
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,…
Timing the market, determining the best time to lock in your mortgage rate when refinancing your house, welcome to the numbers game. Mortgage rates fluctuate just the way a stock ticker does, so identifying whose a better priced loan lender, at any given point in time, can be an ever more complicated process. That is…
To say current mortgage rates are volatile, is an understatement. For the last two months there’s been strong swings in mortgage pricing, mortgage rates to very unstable. Nothing can be more frustrating for pre-approved home shopper knowing their ability to qualify and their subsequent proposed payment could change at anytime. How to deal with volatile…
Own an investment property? Thinking about buying a property for income producing purposes? It’s going to cost…. For years, Fannie Mae and Freddie Mac have charged premiums for individuals purchasing property for the purposes of generating income than for primary residence homes and rightfully so, higher the risk, higher the cost. Conversely, opposite holds true,…
Anyone buying a home is all too familiar with the fact interest rates have risen sharply and dramatically in the last several weeks. Buyers and homeowners alike, should expect rates to be at these levels as long as positive economic data continues to surface in the financial markets. Unfortunately for many, due to current lending…