People purchasing and refinancing homes always are asking the question is it best to get the lowest APR or the lowest interest rate and what’s the difference? You need to make sure you are actually comparing apples to apples. If you are refinancing a home or purchasing a home you’re going to receive Truth In…
Yes you can actually refinance your mortgage loan without starting over the 30 year term. As mortgage rates in Sonoma County have dropped this year, so have the actual costs of home ownership. It’s a fantastic time to purchase a home right now. It’s an even better time to refinance. This is a fact. Mortgage…
Mortgage rates and the financial markets move all day long. On any given day you can expect that mortgage rates have the ability to change several times. It is because of this when you are shopping for a home loan, you should compare a few different lenders looking at a combination of rates and costs.…
With the small variety of home loan programs available today selecting the right home loan program is easier now more than ever. There are lots of different options available for both purchases and refinances. For this blog post we are going to be discussing purchase loan programs. With a decent credit score, documented job stability/income…
Mortgage lenders today want to conduct a CIA analysis. A CIA analysis is short for credit income assets. These are the three things that we as mortgage lenders really need to see before we can tell you whether or not we can do a refinance loan or a purchase loan for you. Because I work…
Consumers looking for mortgage loans in Santa Rosa Sonoma County CA should know mortgage rates are always quoted and are never guaranteed until the loan is locked in. Every loan program, interest rate and or points are only quotes until an appraisal is not only ordered, but received with a full valuation. For people who…
Mortgage Lender Fees are rising due to tighter credit guidelines. Since 2008, mortgage lending’s credit guidelines have continued to get tighter and tighter. It always seem like there is always some new credit guideline or restriction coming out to write more A grade mortgage loans. The investors in the secondary mortgage market are still very…
Understanding the mortgage providers are, will help you select the right mortgage company. There are lots of different mortgage companies available to choose from in today’s lending environment. These sources include private mortgage banks or depository institutions. There are also individual private parties otherwise known as hard money, but for these purposes we will be…