This local county housing market continues to evolve and show strong signs of growth and appreciation. Here is what you need to know if you are going to be buying a house in 2018… Two things to watch for is interest rates and home prices. Both heavily can affect your ability to borrow and ultimately,…
On December 22, 2017 president trump signed into law the new tax plan changing the tax deduction of home ownership. Here’s what this means for you and your home buying efforts in 2018 and beyond. Prior to December 22, 2017 homeowners could write-off mortgage interest for the acquisition of a primary home or a secondary home…
Here’s what you need to know if you’re trying to pay off debt before buying a home Paying off debt to buy house can absolutely be beneficial. Debt cripples a would-be home buyer’s ability to afford a mortgage payment. Here is how you should strategically look at paying off debt to buy a home… Mortgage…
The recent fire disasters have created housing demand not seen in Sonoma County in many years. Prior to the fires, strong competition, coupled with limited supply best described the local market. Now that the fires have wiped out 5% of the Sonoma County housing market, the problem has intensified. Here is how to win… Be…
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…
Credit scores are incredibly important when secure a mortgage financing. They are however only one leg of a four-leg table. Here’s what to remember about credit scores and home loans. *Credit scores for jumbo mortgages need to be at least 680 or more *Credit scores can be as low as 620 for a conforming loan…
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…
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…