Does to make sense to cash refinance to consolidate debt? How to use child support income to qualify for a mortgage Here are the only two obstacles in the loan process us sign off cash credit income and appraisal that’s it When you should rent and Not buy a house Should you consider seller carry…
If you’ve been thinking about buying a home with an FHA loan, you may have heard some chatter throughout the mortgage industry about another possible reduction in FHA mortgage insurance premiums (MIP). Before we go any further, it’s important to separate fact from speculation. As of today, the Federal Housing Administration (FHA) has not announced…
If you’ve recently started your own business, there’s some good news that could make qualifying for a mortgage much easier. For years, one of the biggest challenges for self-employed borrowers wasn’t having enough income—it was proving it under traditional mortgage guidelines. Freddie Mac recently updated its underwriting guidelines, and while the change may sound technical,…
Buying a home can feel overwhelming, especially if you’re worried about your credit score, down payment, or whether you’ll qualify for a mortgage. The good news is there are programs designed to help buyers who may not fit into traditional lending guidelines. One of those options is the Arrive Home Earned Equity Program (EEP). The…
New USDA Income Limits for Sonoma County: You May Now Qualify for 100% Home Financing If you’ve been thinking about buying a home but assumed your income was too high for a USDA loan, it’s time to take another look. The USDA has updated its income limits, and many Sonoma County homebuyers who didn’t qualify…
Becoming a partner at your firm is often one of the biggest milestones in a professional career. Whether you’re an attorney joining a law firm partnership, a CPA becoming a partner in an accounting firm, or a physician receiving partnership status in a medical practice, the promotion usually comes with increased income and greater opportunity.…
Finding out you owe money to the IRS can be stressful. Between tax notices, payment plans, and trying to get your finances back on track, many people assume buying a home is no longer an option. Fortunately, that’s often not the case. One of the most common misconceptions in mortgage lending is that owing back…
One of the most common questions we hear from homebuyers has nothing to do with interest rates, credit scores, or down payments. Instead, it sounds something like this: “If my parents or grandparents help me buy a house, am I going to have to pay gift taxes?” The good news is that, in almost every…