Traditionally, the guidelines for qualification for investment property loans have been much stricter, with greater minimum down payment requirements, higher mortgage rates, and tougher employment history, debt to income ratio, credit score and history criteria. These made acquiring property loans for many investors difficult, if not impossible. In this blog we will look at creative […]
In the Realtor-Lender Partnership, What Does Your Lender Do for You?
Have you ever asked yourself, in the Realtor-lender partnership, what does your lender do for you? Undeniably, realtors who have a consistent list of strong prospective buyers and sellers have the greatest chances for success, and lenders and their realtor partners have strong reciprocal opportunities for business referrals. Lenders can be an important source of […]
Are You a First-Time Homebuyer in California?
If you’ve been considering homeownership, you’ve probably given a lot of thought to the many advantages, including the freedom to make the changes you choose to your property, the predictability of your monthly payments, the benefits of building equity and having a valuable asset, and the comfort and stability of knowing it’s yours. However, it’s […]
How to Get the Down Payment Assistance You Need to Buy Your First Home
One of the biggest difficulties for first-time buyers is saving enough money for a down payment and closing costs. In this article we will look at the option to get the down payment assistance you need to buy your first home. A down payment is the initial partial payment you make upfront when you purchase […]
First-Time Homebuyers Can Increase Their Buying Power and Build Equity Fast
Owning a home provides not only a roof over your head, but is one of the most proven and straightforward paths to building wealth. This wealth is generally built over time as a long-term investment and is measured by the amount of equity you build. In fact, your home will usually be one of the […]
The Differences between Pre-qualified and Pre-approved
While the terms pre-qualified and pre-approved are often heard interchangeably in the discussion of homebuying, they each have their own distinct meaning. In this blog we will look at the the differences between pre-qualified and pre-approved. Pre-qualification for a mortgage is an unofficial evaluation of creditworthiness, an indicator of meeting minimal requirements, and a guideline […]
How the Recent Federal Reserve Meeting Could Impact New Mortgage Rates
Although it may be a widely-held misconception that the Federal Reserve sets consumer mortgage rates, it can, in fact, have a significant effect on them. During the COVID pandemic, the Fed bought billions of dollars of consumer mortgages to help keep rates extremely low and thereby encourage spending. Typically, the Federal Open Market Committee (FOMC) […]