mortgages Archives - Sonoma County Mortgages https://sonomacountymortgages.com/tag/mortgages/ Fri, 08 Sep 2023 19:08:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://sonomacountymortgages.com/wp-content/uploads/2023/05/cropped-scm2-sonoma-cm-2-32x32.png mortgages Archives - Sonoma County Mortgages https://sonomacountymortgages.com/tag/mortgages/ 32 32 How to align expectations with market conditions to buy a home https://sonomacountymortgages.com/2023/09/align-expectations-buy-a-home/ Sun, 17 Sep 2023 19:02:17 +0000 https://sonomacountymortgages.com/?p=518001 How to align expectations with market conditions to buy a homeYou have decided to you want to buy a home. You supply the lender with all your paperwork, and you know you can afford a mortgage even if it’s a little outside of your payment comfort, but for whatever reason you just can’t seem to get into a contract. The stars are not aligning, which,…

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]]> Why the current mortgage dilemma is a bigger problem than most think! https://sonomacountymortgages.com/2023/07/mortgage-dilemma-problem/ Sun, 09 Jul 2023 18:04:40 +0000 https://sonomacountymortgages.com/?p=517848 How to maximize purchasing power when buying a homeIf you have a really low mortgage rate on your home right now, but you want to buy another home, there needs to be some sort of justification, for giving up the historic, low-interest rate to go into a higher-priced mortgage,  here are some things consumers have to weigh out as a relates to making…

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]]> How your credit cards shape your ability to get a mortgage https://sonomacountymortgages.com/2022/02/credit-cards-mortgage/ Sun, 06 Feb 2022 17:17:44 +0000 https://sonomacountymortgages.com/?p=16997 How your credit cards shape your ability to get a mortgageMaintaining a personal budget and having a good financial plan associated with your income is a good 1st step in preparing yourself to get mortgage loan financing. Whether you are buying a home or refinancing, consumer debts matter. It can make or break your situation. Here are some things you might want to give some…

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]]> The #1 mistake consumers make when getting a mortgage… https://sonomacountymortgages.com/2019/02/mistake-1-consumer-mortgage/ Tue, 05 Feb 2019 18:00:03 +0000 https://sonomacountymortgages.com/?p=15824 number 1 mistake when getting a mortgageTo apply for a mortgage, get approved and close escrow you must have some sense of urgency. Whether you are buying a home or refinancing a home, your mortgage application needs to get moved up the priority scale in your life. If you don’t have that sense of urgency you may leave money on the…

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]]> Working two jobs is now easier to get a mortgage https://sonomacountymortgages.com/2019/01/working-two-jobs-mortgage/ Wed, 02 Jan 2019 16:18:49 +0000 https://sonomacountymortgages.com/?p=15785 working two job just got easier for a mortgageFannie Mae and Freddie Mac are starting to take a more balanced approach in the way they view mortgages. The change about self-employment income not hurting your W-2 income is one such example of that. Here’s what you need to know if you have both income types are looking for a mortgage… Up until recently…

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]]> How mortgage lender credits work https://sonomacountymortgages.com/2018/12/how-mortgage-lender-credits/ Wed, 26 Dec 2018 18:00:09 +0000 https://sonomacountymortgages.com/?p=15783 how mortgage lender credit workHow mortgage lender credits work with rates If you’re getting a mortgage or plan to be you might be working with a situation where a lender credit is needed. Here is what you need to know with how lender credits work with regards to interest rates and government required disclosures… When you select a mortgage…

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]]> How to create wealth with your income and finances https://sonomacountymortgages.com/2018/11/how-to-create-wealth-mortgage/ Tue, 06 Nov 2018 23:34:30 +0000 https://sonomacountymortgages.com/?p=15744 how to time when to buy a homeFor anyone who is ever thought about getting a mortgage, saving money and getting ahead financially this is for you. Following is what you should have for the most optimal financial profile… To purchase or refinance a house you need to have a blend of cash, credit and income. You would want your income to…

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]]> How to get a mortgage without providing tax returns https://sonomacountymortgages.com/2018/09/mortgage-no-tax-returns/ Mon, 17 Sep 2018 16:03:48 +0000 https://sonomacountymortgages.com/?p=15698 how to get a mortgage with tax returnsIf you’re looking to purchase or refinance a house providing tax returns can sometimes just be inconvenient especially if your tax returns have various extending schedules. Here’s what you need to know if you’re looking to borrow money on a mortgage without providing the laundry list of financial documentation most banks and lenders require… Not…

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]]> How 1031 tax-deferred exchanges work https://sonomacountymortgages.com/2018/08/how-1031-exchanges-work/ Tue, 14 Aug 2018 19:48:26 +0000 https://sonomacountymortgages.com/?p=15664 how the ppp loan may hurt your mortgageA 1031 tax-deferred exchange is a deferred exchange in the gain of an investment property used to acquire another investment property. Make no mistake this is a deferment where you’re kicking the can of the paying the property taxes obligation to some point in the future when you sell the property. Here is an example…

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]]> How to transfer property to family and still be protected under Prop 13 https://sonomacountymortgages.com/2018/08/prop-13-home-buying/ Tue, 07 Aug 2018 19:20:40 +0000 https://sonomacountymortgages.com/?p=15659 how to transfer property under prop 13Proposition 13 was enacted in 1978 by voters to limit the amount of property-taxes the homeowner pays. Prop 13 protect your property taxes from increasing by more than 2% per year. It protects properties that rise in value. Following are the biggest concerns mortgage borrowers have when it comes time to keeping property taxes low……

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