For consumers who are beginning the road into homeownership, the notion of building a home versus buying something already built may seem attractive. If you are trying to decide, here are some factors to weigh in on… Building a home generally means you need to have the land first. Financing can sometimes be problematic as…
In the last few weeks, a handful of big banks have failed including Silicon Valley bank signature bank, and now First Republic Bank. While this is not a repeat of 2008, it does signal instability in the broader mortgage market which may be good news for long-term mortgage rates. Hear some things to consider… First…
You just went into a contract to buy a home, and now it’s time to get a mortgage loan to close escrow. If you decide to ask your local credit union or bank for mortgage info, make sure to read all the fine print. Here is some practical information to be aware of before you…
You’re all excited to purchase your first home, you have a good job, you have a good down payment, and you’ve got a good credit score. What could go wrong, right? Here’s an occurrence that happens pretty frequently you might not know about and more specifically what to do about it as it relates to…
If you’re self-employed and trying to get prequalified to buy a home period it is not only the income you show on paper, the total picture matters. Here’s what you need to know if you self employed and applying for a mortgage loan… You’re your own boss, you don’t work for anyone else, and you…
If you’re thinking about getting prequalified to buy a home, maybe you have some issues with your credit history in the past, or maybe you cosigned for someone else’s property. These are the types of things you might think might not matter to a mortgage company granting your home loan, but they do matter. If…
If you’re thinking about purchasing a home and you’re carrying any consumer debt, such as installment loans, personal loans, or even low-rate credit cards. These things could adversely affect your ability to purchase a home. If you carry any of these obligations and you are desiring to buy a home the following information is for…
If you’re looking to buy a home in the State of California and you’re a first-time homebuyer, and you don’t have 20% down or a very small down payment, this program could be a game changer for you and your family. Here’s how the program works, and how you can benefit from a financial standpoint…