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…]
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…]
Is The Shutdown Stopping Sonoma County Mortgage Fundings?
The shutdown has spooked many people about whether or not they will be able to secure financing for buying a home or refinancing a mortgage. While these concerns are certainly valid, it’s … [Read More…]
Buying A Sonoma County Fixer? What You'll Need To Be Aware Of
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 … [Read More…]
