How’s your income? This is the first of many questions a banker is going to ask when you apply for a home loan. Here is how tax returns play a role in … [Read More…]
Underwriting Guideline Updates
This Employee Tax Deduction Could Kill Your Mortgage Eligibility
You may want to rethink taking those extra deductions to minimize your tax liability this year if you plan to get a mortgage. Writing off expenses you incur as a W-2 employee … [Read More…]
Why Some Aspects Of Today's Lending Still Do Not Make Sense
Banks want you to believe getting a these days is easier and that may be case if, you’re financial house is in order. Here is what you need to know about how … [Read More…]
Quirky Mortgage Borrowers Are Still Getting Loans
Had a previous bad credit event? Don’t have two years in the same field? Income not three times your proposed payment? Fear not, when your financial picture doesn’t fit the box, here’s … [Read More…]
6 Actions To Make Your Credit Score Mortgage Worthy
If you have been turned down for a mortgage or quoted rates and fees that seem too high, you may have some homework ahead. The minimum credit score to land a mortgage … [Read More…]
Loophole To Show More Income When Buying A Home
Buying can be considered simplistic, in a broad sense, income is used to offset a mortgage payment (a liability). One of the biggest obstacles home buyers will continually face despite market swings … [Read More…]
Big Shoes To Fill With FHA's Back To Work Program
Announced in 2013, the FHA Back To Work Program allows a buyer repurchase a primary home again just 12 months after a foreclosure, short sale or a deed in lieu of foreclosure. … [Read More…]
5 Tips For Getting A Mortgage To Buy A Condo
Condominiums make an affordable alternative to purchasing a single-family home. As prices continue to rise in Sonoma County and Santa Rosa, purchasing a lower-priced condo makes for an attractive choice in pursuing … [Read More…]
