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…]
Underwriting Guideline Updates
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…]
How Divorce Affects Your Ability To Qualify For A Mortgage
Getting a mortgage loan is challenging enough, with strict underwriting, providing detailed explanations, sourcing of monies and debt ratios, adding a divorce into the mix makes things even more technical for the … [Read More…]
HARP After HAMP: How To Refinance After A Recent Loan Modification
Homeowners who went through difficult financial times in recent years, actually can still refinance their homes so long as their situations have changed for the better. Many banks offered loan modifications to … [Read More…]
Will "Qualified Mortgages" Help Consumers?
On January 10, 2013, the Consumer Financial Protection Bureau unveiled new rules to help protect consumers from unscrupulous mortgage lending. These rules implement underwriting criteria what constitutes a “qualified mortgage”. As long … [Read More…]
HARP 2.0 Refinance: Get The "Real" Scoop
If you live in or own real estate in Sonoma County and need to refinance, the Harp 2.0 Refinance Program could be just the ticket to successfully reducing your interest rate and … [Read More…]
The Top 3 Home Buying Mistakes Buyers & Realtors Make When Securing A Mortgage
Purchasing a house is one thing, successfully closing escrow on a purchase mortgage loan is something else entirely. The top three mistakes home buyers and real estate agents make has nothing to … [Read More…]
FHA Streamline Refinances: HUD Reduces Monthly Mortgage Insurance!
“FHA ANNOUNCES PRICE CUTS TO ENCOURAGE STREAMLINE REFINANCING Millions of FHA borrowers could save average of $3,000 a year WASHINGTON – Today, Acting Federal Housing (FHA) Commissioner Carol Galante announced significant price … [Read More…]
