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 quantitative easing until the economy begins to improve. Financial markets on September 13, rallied on the news of the government’s intervention to improve…
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The answer is for a few reasons: Lenders did you make sure your in the same line of work lenders need to make sure you’re doing the same type of occupation lenders need to make sure you have a history of employment with that particular employer Paystub’s are only part of the full financial picture,…
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As long is there no changes, to your credit, debt, income or assets a preapproval is good indefinitely from the time that you originally get preapproved with a mortgage lender to the time that you get into contract purchase a home. Upon getting into contract to purchase a home, you’ll want to provide updated financial…
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Single family homes, condominiums, planned unit developments….. and then there’s 2 to 4 unit properties, often called duplexes, tri-plexes and four-plexes. A 2-4 unit property is the oddity of the various property types, it’s this property type that has the most confusion when it comes to securing mortgage loan financing. People think a single-family residence…
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Buying a house is certainly a smart financial move given low mortgage rates and the most affordable home prices, ever. Each market is different so for our purposes we will be looking at the Sonoma County California housing market. Following is what you can expect if you plan to purchase a house in Sonoma County…
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