california home sold

What to Expect When Becoming a Homeowner from a Renter

Are you thinking about making the change from being a renter to a homeowner? Perhaps you want to stop paying the mortgage of someone else, have more peace of mind,…

Borrowers Qualify for Mortgage

Higher DTI Limit Helps Borrowers Afford More Home

On July 28th, Fannie Mae and Freddie Mac are increasing the maximum debt to income ratio for to buy a single family home.  The end result is more borrowers will…

non-warrantable condo financing

How to Get Mortgage Financing for Condos

If you are in the market to buy a home but don’t want the hassles of maintaining the exterior and don’t mind a community setting, owning a condo is a…

The Pros and Cons of Buying 2 to 4 unit Investment Properties

Advantages: When you invest in single family homes as rental properties sprinkled around the city, the operating expenses are higher and management is more intensive than it is if you…

mortgage no 1040s

How To Successfully Get A Mortgage Without Tax Returns

Self-employment is both challenging and rewarding as you have a higher ceiling to boost your earnings.  You are more in control of your success. Instead of growing somebody else’s company,…

Mortgage Broker vs. the Bank

Mortgage Broker Or Bank: Your Choice Matters

It is much more than just mortgage rates & saving a few hundred bucks on closing costs. Time could also cost you money. Mortgage brokers and banks are fundamentally distinct…

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Loans for Cash Rich Borrowers with Low Monthly Income

Recently, a new loan program came out whereby the borrower does NOT have to be employed. In fact, there is no employment or income information on the application. This is…

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Big Mistakes Borrowers Make Using Bank Statements as Income

With the new Dodd-Frank rules, it has impacted hundreds of thousands of legitimate self-employed borrowers from getting a residential home loan. It has for the most part taken away stated…

Zero Percent Balance Transfer on Your Mortgage?

Let’s look at how this would work with your mortgage balance. Example: A homeowner with stellar credit owes $150,000 at 4.75% and is paying $782.47 on a refinance they did…

FHA Mortgage Insurance Premium Hurting Pool of Home Buyers

The Federal Home Administration is being accused by the National Association of Realtors of making the costs of their mortgage insurance too excessive which has effectively eliminated hundreds of thousands…