Two questions on every mortgage applicants’ mind “where are mortgage rates? Does it make sense to wait till after the presidential election to complete my purchase or refinance? Let’s be clear about one underlining theme.. Its how the election’s results will be perceived by the markets that could cause mortgage rates to move Let’s explore…
Anyone who has purchased a home in Sonoma County with an FHA Loan has probably thought about refinancing with today’s incredibly low mortgage rates. One of the main advantages of refinancing under the FHA is the ability to take part in their Streamline Refinance Program. In a nutshell, the program allows those who have a…
“Why can’t I get the interest rates I see advertised on the Internet.” One of the most important characteristics of securing a mortgage is your Fico Score. Simply put, the lower the credit score higher the interest rate. How Your Fico Score rates is what determines both your eligibility for the mortgage as well as…
In the latest Fed meeting, Ben Bernanke and the Federal Reserve Board announced it will purchase up to $40 billion per month in additional mortgage-backed securities in an effort to further facilitate quantitative easing until the economy begins to improve. Financial markets on September 13, rallied on the news of the government’s intervention to improve…
This is the age-old question we are asked time and time again on nearly every mortgage scenario. Nobody wants to refinance their home loan, with any shroud of doubt. So how do you determine whether the cost-benefit is the right choice for you and your family? 2 Tests will determine if refinancing makes sense…
“There’s no such thing as a free lunch.” Such words have never been more relevant to consumers being pitched to take out a no cost loan. No cost mortgage mortgages have been around since the mid-90s and offer consumers the ability to pay no closing fees. The general closing costs, you’d otherwise pay in procuring…
Sonoma County Mortgage Rates are quite low. In fact locking-in a 30 year fixed rate mortgage around 4% is pretty common these days. Whether purchasing or refinancing, securing the best mortgage rate is on everyone’s mind. However, while getting the lowest rate is certainly an admirable goal, qualifying for that mortgage loan become something else…
Purchasing a home or refinancing a mortgage? Now is a fantastic time to consider taking out a home loan. Mortgage rates are still at ridiculous lows and home affordability has never been more attractive. The question everybody asks when getting a mortgage is “what interest rate am I going to get or what is your…