Sonoma county housing was already limited prior to the Tubs and Nuns fires. This year has shown a scenario more reflective of large demand with little supply. This economic shift has created a competitive market place for home buyers driving prices up subsequently making it challenging to purchase a home. In the aftermath of the…
FHA loans generally are easier to get than conventional mortgages. They require less money down, allow higher payment to income ratios and generally provide more flexibility for borrowing mortgage money. If you have an income based student loan you will want to pay close attention to the details about to follow…. Mortgage lenders used to…
These two factors have the biggest influence on the cost of your mortgage. There are two things can change the cost of your mortgage when buying or refinance a home more than you think. Here’s what you need to know when trying to secure the best possible mortgage for your family. The two factors that…
How to decide when it’s time to get a cosigner for your mortgage Securing mortgage financing with a unique scenario can be a challenging endeavor. If your income is not enough or your monthly expenses gobble up most your income a cosigner may be in order. Here is how to determine when you really need…
Most US housing markets are supporting little inventory and big demand creating a favorable environment for sellers. If you’re thinking about buying a house and you’re worried you’re buying at the top of the market look at the bigger picture… If we were to rewind the clock to 2012 everyone was petrified about purchasing a…
With the proliferation of new home buying programs being introduced into the market consumers today have more choices for securing financing than ever before. Here is how to pick what mortgage loan program for your unique financial profile… Know this-take peoples thoughts and opinions with a grain of salt. Before you start looking at loan…
Buying a home whether it be your first home or even a second home should be done with prudence and care. You should be looking at homes that you have a shot of getting. Here’s why… In many markets, there is a lack of supply and big demand for housing. This scenario is creating multiple…
Today’s world of mortgages is made up by two sorts of loans government backed loans and government insured loans. Government insured loans are hugely popular. The FHA Loan is the benchmark government loan appealing to many due to its flexible guidelines and lower down payment options. Here is one pitfall you need to know if…