Buying a Sonoma County fixer property? Be prepared to do some work. What many see as a fantastic fixer-upper property, potential property issues associated with the dwelling could easily derail an appraisal and your mortgage loan. Key characteristics the property you’re interested in purchasing has some “hair on it”……………. Red Flags That Could Jeopardize Your…
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,…
They popped the question, you said “I do”. Getting married is now officially happening. When you say I do, you’re not just saying I do, to that person, you’re saying I do to all their finances, positive or negative as well. Their finances are, will shape “how” or “if”you can buy that home. Why getting…
Trying to procure mortgage credit right now? From higher interest rates, to rising house prices to the contraction in buying power, securing financing, for many can prove to be no easy endeavor. As prices, and rates rise in tandem, lenders will still place the weighted emphasis on “real income” as that’s what the mortgage loan is…
To this day, there is still the general belief that in order to purchase a home, you need to have 20% down, and have good – stellar credit history. The good news is you don’t need a large down payment, your credit can be actually marginal, even “less-than-perfect” and you can still buy with competitive…
For consumers purchasing or refinancing a home with less than 20% equity, little-known fee inflates the monthly outlay. Mortgage insurance is paid by the the homeowner for the benefit of the lender to ensure the lender against future payment default. Mortgage insurance, also dubbed as PMI (an acronym for private mortgage insurance), can be easily…
If you have never owned a home before, or owned a home in the past, or previous circumstances require you to rent a home now, and you’re thinking about buying a home again, we have good news. An opportunity in the market is to purchase the home you live in. That’s right make a purchase…
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…