Santa Rosa mortgage Archives - Sonoma County Mortgages https://sonomacountymortgages.com/tag/santa-rosa-mortgage/ Fri, 05 Apr 2024 00:19:34 +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 Santa Rosa mortgage Archives - Sonoma County Mortgages https://sonomacountymortgages.com/tag/santa-rosa-mortgage/ 32 32 How to ease lending qualifications when buying a home https://sonomacountymortgages.com/2024/04/lending-qualification-buy-home/ Fri, 05 Apr 2024 00:19:34 +0000 https://sonomacountymortgages.com/?p=518174 How to ease lending qualifications when buying a homeHey there, fellow dreamer! Are you ready to take the leap into homeownership and turn your dream home fantasies into reality? If you’re anything like me, the prospect of embarking on this journey can be both exhilarating and nerve-wracking. But fear not, because I’ve been there, and I’m here to share some insights that could…

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]]> How the housing industry may be affected by the upcoming real estate changes https://sonomacountymortgages.com/2024/03/housing-industry-real-estate/ Thu, 21 Mar 2024 17:40:41 +0000 https://sonomacountymortgages.com/?p=518160 Scott Sheldon's The Mortgage FIles BlogThe recent settlement involving the National Association of Realtors regarding real estate agent compensation has the potential to impact both buyers and sellers in the industry. As we move into uncharted territory in the summer of 2024, it’s important to evaluate the possible effects of this change. Historically, the industry has accepted a real estate…

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]]> Why a 6 Month job gap on your FHA Mortgage could be an issue https://sonomacountymortgages.com/2023/11/6-month-fha-mortgage/ Sun, 26 Nov 2023 18:43:23 +0000 https://sonomacountymortgages.com/?p=518074 Why a 6 Month job gap on your FHA Mortgage could be an issueIf you are buying or refinancing a home and you’re getting an FHA Mortgage and you’ve had a job in the last six months, this information is going to be particularly important as relates to getting a home loan.  The following is what you need to know… If you are getting an FHA mortgage loan…

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]]> Should you buy a more expensive home? https://sonomacountymortgages.com/2023/11/buy-more-expensive-house/ Sun, 12 Nov 2023 17:57:56 +0000 https://sonomacountymortgages.com/?p=518063 Should you buy a more expensive home?For families looking to purchase a home, a mortgage payment, and price of the home can go hand-in-hand decision making. If you find a house that could be a good fit for you and your family, but it seems a bit out of reach. Here are some things you might want to take some consideration…

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]]> How time to the market to buy a home https://sonomacountymortgages.com/2023/11/how-to-time-when-to-buy-a-home/ Sun, 05 Nov 2023 18:04:56 +0000 https://sonomacountymortgages.com/?p=518052 how to time when to buy a homeEveryone looking to buy a house is looking to get a “deal” to some degree. The home has to fit within the monthly budget in support of a sound financial decision. Part of this process is identifying marketing time so you can buy a home successfully… The great investor warren, Buffett has been quoted of…

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]]> Why rising interest rates can be good news for some homebuyers https://sonomacountymortgages.com/2023/08/rising-interest-rates-homebuyers/ Sun, 20 Aug 2023 17:46:56 +0000 https://sonomacountymortgages.com/?p=517985 Why rising interest rates can be good news for some homebuyersRising interest rates, for some homebuyers, can be beneficial. While it is true, rising interest rates do diminish purchasing power for the right situation, it actually could be beneficial. Here is what to know… Most people look at the big picture. They look at interest rates, the cost of funds and make a determination about…

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]]> Here’s how to buy a house even if you think your income may not qualify https://sonomacountymortgages.com/2023/06/income-buy-a-house-options/ Sun, 18 Jun 2023 19:53:58 +0000 https://sonomacountymortgages.com/?p=517824 Here’s how to buy a house even if you think your income may not qualifyIf you’re looking to get prequalified to buy a home, one of the main elements, a lender will use to determine your ability to afford that home is your income. Your gross monthly income from your W-2 wages or your net income from your tax returns is what the lender will use as a basis…

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]]> How earning more income affects your ability to buy a home https://sonomacountymortgages.com/2023/04/more-income-ability-buy-a-home/ Mon, 03 Apr 2023 17:07:43 +0000 https://sonomacountymortgages.com/?p=17703 How earning more income affects your ability to buy a home.If you’re thinking about purchasing a house, it’s not just your credit score and your down payment that counts, it’s also your income, as your income drives affordability. How much income you generate is going to determine whether you’re able to buy a home. Here are some things to know about income when buying a…

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]]> 5 ways you will not get a home loan to buy a home https://sonomacountymortgages.com/2023/02/5-ways-not-get-home-loan/ Sun, 26 Feb 2023 18:44:38 +0000 https://sonomacountymortgages.com/?p=17641 5 ways ypu will not get a home loanMost people given a choice would desire to purchase a home, arguably, given their financial situation, and their ability to handle a monthly housing payment. Oddly enough, there are times from a lender’s perspective you might not get a home loan and it has nothing to do with your credit score, credit, history, income, or…

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]]> Is a down payment assistance loan to buy a home a good idea? https://sonomacountymortgages.com/2023/02/dap-loan-to-buy-a-home/ Sun, 12 Feb 2023 19:35:34 +0000 https://sonomacountymortgages.com/?p=17608 is a down payment assistance loan a good idea?For those looking to purchase real estate particularly first-time home buyers, the notion of a down payment assistance loan where you need very little or no money to close escrow could be a very attractive option. Here are some things to consider if you’re evaluating a low or down-payment mortgage loan…  Down payment assistance loans…

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