The chance to use HARP to refinance your Fannie Mae or Freddie Mac loan is coming to an end very soon. The program ends December 31, 2018. This does leave plenty of time for you to still take advantage of the program if you wish to do so. WHAT IS HARP? HARP was designed to […]

If you are in the market to buy an investment home or second home, you should know that your mortgage terms will be different. By different, we mean more costly. There’s one main reason lenders charge you more – it comes down to the risk. Compare Offers from Several Mortgage Lenders. If you are not […]

Did you pay attention when you signed your closing documents? Do you know the fine print that was provided to you? If so, do you know if your loan has a demand feature? Compare Offers from Several Mortgage Lenders. Don’t worry if you don’t know, as many borrowers are not aware. It is something you […]

If you are unable to put 20% down on the home you purchase, you have two options – pay PMI or take out a piggyback loan. Either way, you help lessen the risk the lender takes by providing you a loan without a large down payment. Both choices have the same end result – you […]

Buying an existing home can be exciting and scary at the same time. While you would hope the seller discloses everything there is to know about the home, that’s not always the case. One area they often cover-up, whether knowingly or unknowingly, is with unpermitted renovations. If the sellers did renovations themselves or even had […]

Investing in real estate can be exciting and scary at the same time. While you might stand to make a decent profit, there is always the chance of serious loss too. Before you buy a home for rental purposes, consider what you should look for to make the most of your investment. WHAT’S ITS CONDITION? […]

Your credit score can make or break your ability to get a loan. So what do lenders consider a ‘good credit score?’ It can vary by lender, but on average, most lenders consider scores over 700 good. Of course, the higher your credit score the better off you’ll be. While rare, some people do have […]

Does taking over someone’s mortgage seem easier than getting your own mortgage? You might be in for a little surprise. Today, an assumable mortgage still requires approval, just like you would need if you took out your own mortgage. Looking for Current Mortgage Interest Rates? Click Here. There are benefits of assuming someone’s mortgage, though, […]

Do you live in California and are trying to buy your first home? Did you know that there are California First-Time Home Buyer Programs available? These programs are run by CalHFA. You do not apply for the loan directly through CalHFA. Instead, you apply with a CalHFA approved lender. Compare Offers from Several Mortgage Lenders. […]

Recent derogatory events on your credit report increase your risk of defaulting on a loan in the future. This is especially true if you take out a new mortgage. Because of this, Fannie Mae has a specific waiting period you must go through before you can secure a conventional loan. Compare Offers from Several Mortgage […]