You just went into a contract to buy a home, and now it’s time to get a mortgage loan to close escrow. If you decide to ask your local credit union or … [Read More…]
SONOMA COUNTY LOANS
How to avoid common self employed mortgage mistakes
If you’re self-employed and trying to get prequalified to buy a home period it is not only the income you show on paper, the total picture matters. Here’s what you need to … [Read More…]
How your interest free consumer debt may be keeping you from buying a home
If you’re thinking about purchasing a home and you’re carrying any consumer debt, such as installment loans, personal loans, or even low-rate credit cards. These things could adversely affect your ability to … [Read More…]
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 … [Read More…]
5 ways you will not get a home loan to buy a home
Most 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 … [Read More…]
What’s the magic interest rate to refinance your mortgage?
For consumers who purchased their homes or took out any kind of residential mortgage loan in 2022 the future prospect of refinancing can seem very attractive. Here are some things you might … [Read More…]
Why you might want to consider a DSCR loan to buy a rental property
What is a DSCR loan and how can this type of financing help you purchase a rental property portfolio? In Q3 2022, the DSCR loan emerged as a viable option for investors … [Read More…]
Are you self-employed and having a tough time getting a mortgage?
Are you self-employed and having a tough time getting a mortgage? Here’s what you need to know… When it comes to being self-employed one of the biggest challenges that you’re going to … [Read More…]
