Consumers thinking about getting a mortgage should know where they stand. Here is what you might not know about your credit score when it comes to applying for a mortgage. The truth is not all credit reports are created equal. Many of the consumer credit reporting services that are available in the market place today…
On December 22, 2017 president trump signed into law the new tax plan changing the tax deduction of home ownership. Here’s what this means for you and your home buying efforts in 2018 and beyond. Prior to December 22, 2017 homeowners could write-off mortgage interest for the acquisition of a primary home or a secondary home…
Discount point are nothing more than upfront head you pay to purchase a lower interest rate and subsequently a lower monthly payment. In some case the you may not have a choice to pay discount points. Following are those ways… It is reasonable to assume when refinancing with a lower than 660 credit score on…
One of the questions home buyers have when house hunting is the relationship between their monthly mortgage payment and how much purchase price they are looking to take on. Here’s what you can use as a guide when you’re house hunting to help determine that bridge that gap… In most instances, for every $100,000 of…
The Federal Housing Finance Agency just released the new 2018 national loan limits. These loan limits provide increases in most counties throughout the United States. Here’s how the changes will benefit you when buying or refinancing a home. The loan limit increase changes the conforming loan limit from $424,100 to $453,100. This increase allows for…
Here’s what you need to know if you’re trying to pay off debt before buying a home Paying off debt to buy house can absolutely be beneficial. Debt cripples a would-be home buyer’s ability to afford a mortgage payment. Here is how you should strategically look at paying off debt to buy a home… Mortgage…
Whether you buy a home or rent a home you will still have a housing payment obligation to make each month. The unfortunate reality in Sonoma County, CA is that in many cases you could be easily paying more in rent than you would for a mortgage. Not everyone who rents should be and not…
If you’re trying to refinance your mortgage you should know what the costs are really are going to be and how they play into the mathematical equation of the total picture. Here’s what you need to know when it comes to refinancing your house and paying fees… When you refinance your house your closing costs…