Refinancing or purchasing a house requires an apple supply of cash, credit and income. Here’s what you need to know with regards to getting a mortgage loan with roommate income. Generally, to … [Read More…]
Home Equity Line Of Credit Loans May Soon Be Adjusting Up
If you have a home-equity line of credit, or thinking about getting one, here is what you need to know to make a smart choice given today’s rate environment. Home-Equity Lines Of … [Read More…]
How Solid Is Your Loan Pre-Approval?
If you hear a lender toting they can preapprove you in just a few minutes, stop and run in the other direction- fast. A real pre approval is much more than a … [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…]
Higher Mortgage Rates For Conforming High Balance Mortgages
If you are in the market for a mortgage refinance or home purchase, plan to pay more if you are borrowing more than the conforming loan limit. The national conforming loan limit … [Read More…]
Did Your Adjustable Rate Mortgage Reset? Directions to Mortgage Payment Clarity
In the last several years, many homeowners looking to take advantage of a lower monthly mortgage payments took out adjustable-rate mortgages to purchase or refinance their homes. As both mortgage rates and … [Read More…]
Refinancing Now Takes Longer Than 30 Days
Homeowners refinancing their mortgages will now come to learn the refinance process is taking longer than 30 days. Here’s the scoop: mortgage-backed securities (MBS) continue to be a very lucrative investment vehicle … [Read More…]
Latest Fed Meeting's Influence On Sonoma County Mortgage Rates
In the latest Fed meeting, Ben Bernanke and the Federal Reserve Board announced it will purchase up to $40 billion per month in additional mortgage-backed securities in an effort to further facilitate … [Read More…]
