Buying a home in Sonoma County, with its breathtaking vineyards and charming communities, is a dream for many. However, with the average price of a home at $799,743, it’s essential to know how much income you need to qualify for a mortgage. Let’s break this down using a 6.5% interest rate and explore three common…
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Buying a home is a significant financial decision that requires careful planning and consideration of various financing options. Two common methods prospective homeowners might consider are borrowing from a 401(k) and utilizing down payment assistance programs. Each approach has its benefits and drawbacks, and understanding these can help you make an informed decision tailored to…
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Buying a home is one of the most significant financial decisions many will make in their lifetime. As home prices continue to rise, so too does the level of income needed to qualify for a mortgage. This is particularly true in places like Sonoma County, California, where the picturesque landscapes and high quality of life…
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