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…]
How To Get A Mortgage Loan Post Short Sale, Foreclosure or Bankrucpty Revisited
Not a week goes by when we are not asked “how soon can you buy a home or refinance a mortgage with a previous foreclosure, short sale or bankruptcy”. As the market … [Read More…]
Mortgage Tip: It’s Easier To Get A Mortgage With 1 Year’s Tax Returns
Yes, you can get a mortgage by providing not two, but one year’s federal income tax returns! Crazy enough? Read on for the latest and best mortgage tip to come along in … [Read More…]
Sonoma County Home Loans: Mortgage Insurance 101
Mortgage Insurance is the dreaded monthly cost mortgage lenders put on borrowers looking to purchase or refinance with lower equity. Mortgage insurance, while it is an added cost, is not necessarily the … [Read More…]
HARP: Making Homes Affordable Aka The Underwater Refinance
Many Sonoma County Loans have been denied due to loan-to-value restrictions imposed by Fannie Mae and Freddie Mac and an overall tight credit market. Last year the Obama administration announced the no … [Read More…]
