Although a lower interest rate can help you save money through the life of your home loan, the rate you obtain is based on certain factors. Some of these circumstances are within your control and others are not. One of the greatest elements within your control is creditworthiness and the reduction of risk to the […]
Loans for Low-Moderate Income and Underserved Communities Bring Homeownership Within Reach
Today, for many people, it seems that higher home prices, rising mortgage rates, high inflation, and low inventory have pushed home ownership from within their reach. In fact, since 1980, median home prices have risen by more than double the percentage of the median family income and California was the nation’s least affordable major housing […]
The Unique Opportunities and Advantages of a VA Mortgage
The U.S. Department of Veterans Affairs (VA) helps Servicemembers including Reserve and National Guard members, Veterans, and their eligible surviving spouses to become homeowners by providing a home loan guaranty benefit. Although the VA does not lend money, it does guarantee a portion of the mortgage allowing private lenders, such as banks and mortgage companies […]
How to Compare Offers from Different Mortgage Lenders
Individual mortgage lenders may offer a variety of different loan rates, terms, and qualifications, which can make shopping for a mortgage seem confusing, stressful and time-consuming without expert help. The type of loan you obtain can affect not only the affordability of the monthly payment, but often how quickly you build equity in your property […]
Selecting the Right Mortgage Professional to Work for Your Best Interests
Buying real estate can be intimidating, and as a borrower, it can be difficult to know all the details and options about mortgages including the availability of different lending products, rules and regulations, and the qualifications and documentation required for obtaining a loan. Therefore, it is beneficial for many buyers to find a mortgage professional […]
Having Trouble Qualifying for a Mortgage? – Consider A Non-QM Loan
Desirable real estate opportunities typically don’t remain available for long in today’s hot real estate market. Yet many potential homeowners and prospective real estate investors are finding that they aren’t entirely qualified for the standard, traditional mortgage formulas due to factors such as income, credit, or other requirements. Nevertheless, under many circumstances, a non-QM mortgage […]