Balancing a mortgage payment with other monthly liabilities in your life can be a balancing act. Here’s some tips to follow when trying to juggle liabilities, while still being able to save money. The ideal Financial profile is healthy blend of cash, credit and income. Simply put, the optimal financial profile would be to…
Deciding which mortgage company to handle your financing can often be a tedious process requiring hours of time, comparing various rates, fees, terms experience and quality of the person that you’re working with. Here is one additional factor to consider… You ought to select the lender whose terms are all woven into the fabric of…
The Sonoma County real estate market has changed considerably in the last few years. If you’re going to be purchasing or refinancing a house here is what you need to know… The median house price in Sonoma County is $670,000 brought on by a few factors. Primarily, the Sonoma County housing market over the course…
Getting a mortgage is not an effortless process, it is just not. The loan process today is an extremely compliant and very bureaucratic process that requires proof of one’s ability to repay that mortgage. Following is ten things you will want to avoid when seeking a home mortgage loan… 1. Refusal to provide documentation. The…
Securing mortgage loan financing requires a laundry list of paperwork. Here’s a really simple tip you can take to the bank to make sure your process is easy while getting the best mortgage… Every year you gather together paperwork for doing your tax returns things like; receipts, explanations, paystubs and W-2s. 70% of this information…
Each year in the wintertime interest rates tend to worsen about .25% across-the-board. Here is what it may mean for your home loan application… Beginning each year around December 5, mortgage rates typically, worsen due to heavy bond market activity and the trend continues till approximately January 15 where rates trail back down. Consumer confidence…
If you have an adjustable rate mortgage on your home, here the 5 prudent factors to weigh in on when refinancing to fixed rate loan type…. Duration of Introductory Rate Period Most adjustable rate mortgages are fixed for first few years in the introductory period, and then become variable for the remainder of the duration…
Not sure when to lock your interest rate on your mortgage? Here’s a few things to consider in getting the best possible combination of rate and price… The biggest things that determine the final rate and pricing are: loan size occupancy loan program i.e. Conventional, Jumbo, FHA, VA credit score property type loan to value…