One of the big challenges of the coronavirus pandemic is how it has shaped not the mortgage industry but also peoples’ financial ability to sustain mortgage payments. Credit risk is and was … [Read More…]
Can you use roommate income to get a mortgage?
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…]
