2023-01-30 21:16
7 Things to Avoid After Applying for a Mortgage – “Congratulations, you were pre-approved for your mortgage!” This exciting message likely comes with a sigh of relief, and… Read More
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Read intersecting blogs about California Mortgage and get useful information about Real Estate and mortgage for Orange County, LA County, Riverside County, Ventura County, San Bernardino County and San Diego County.
2023-01-24 20:12
Why Does Debt-to-Income Ratio Matter? There are multiple metrics lenders use to determine someone’s ability to repay a mortgage, as well as how much debt they are able to take on. The… Read More
2023-01-16 20:17
What Do Lenders Want to See from a Self-Employed Borrower? – Are you a self-employed borrower hoping to buy a home in the new year? Qualifying for a mortgage without traditional proof… Read More
2023-01-11 17:21
Should You Refinance in 2023? – The refinancing storm of the past few years has calmed down significantly as the FED has raised the federal funds rate, but that doesn’t mean your… Read More
2023-01-04 15:27
Refinancing as a self-employed person might seem out of reach. Without typical proof of income or tax returns to prove to your lender that you can afford your home, qualifying for a traditio… Read More
2022-12-26 19:47
Is Raising Your Credit Score Your New Year’s Resolution? – Trying to decide on a good New Year’s resolution for 2023? Consider making yours work to raise your credit score… Read More
2022-12-14 16:36
Mortgage FAQs During a Divorce – If you are in the middle of the divorce process, you may be wondering how this will affect your mortgage options. In this challenging transitional peri… Read More
2022-11-29 17:01
2-1 Buydowns for Self Employed Borrowers – Have you heard about a 2-1 buydown? This mortgage solution can provide borrowers with an way to lower their mortgage interest rate temporaril… Read More
2022-11-21 18:59
Are you looking for creative solutions to make buying a home today affordable? With rising interest rates, some buyers are concerned about how to afford the home they want. One of the soluti… Read More
2022-11-15 17:39
Qualifying for a self-employed mortgage without a traditional job may sound stressful. When you realize that your lender will need proof of income, and your income is variable or has a short… Read More
2022-11-08 21:45
Home Loan Options For Buyers With A Small Down Payment – If you are buying a home, then you are most likely looking for a home loan. Many people who don’t have the funds for a do… Read More
2022-10-24 21:22
Do you remember the first time you thought about purchasing a home? You most likely had the best and most aesthetically pleasing home in your mind’s eye. All of these fun imaginative i… Read More
2022-10-17 20:59
DSCR Loans for Investors – Looking for a creative way to invest in real estate without verifying income? A DSCR loan might be the perfect way to spice up your real estate portfolio. By… Read More
2022-10-11 14:23
When you want to purchase a home you usually contact a real estate agent first. They will then put you in contact with a mortgage lender if you haven’t already started working with one… Read More
2022-09-27 17:09
Home Loan Options for Self Employed – When you’re self-employed and you want to buy a home, you fill out the same mortgage application as everyone else. Mortgage Lender… Read More
2022-09-19 20:02
Bosses Don’t Rent! (How to Be an Owner) – Whether you’re starting a business or already own one and are interested in learning more about a No Ratio mortgage, how it works… Read More
2022-09-11 17:03
I have heard some stories over the years of clients that had a less than happy ending with their mor… Read More
2022-09-05 19:22
It is no small feat when it comes to keeping track of your work when you are self-employed. There are often more hurdles to leap when applying for a mortgage when you are self-employed than… Read More
2022-08-30 20:08
There are a few things to consider when applying for your first loan, including checking over your credit to compare it with your monthly debt payments. If you are applying for your first pe… Read More
2022-08-16 16:10
How to Qualify for a Mortgage in Today’s Market – Ready to take the leap from renting to owning? Investing in real estate is one of the best things you can do for your financial… Read More
2022-08-09 15:21
Deciding which type of mortgage is right for you comes down to a combination of financial details and personal preference. If you are prepared with good credit and stable employment, you may… Read More
2022-08-01 17:36
It is important to understand the general importance of a credit score, and what having a good score can mean for you and your future. The official definition of a credit score is summed as… Read More
2022-07-20 14:49
Frequently Asked Questions on Calculating Self-Employment Income for Mortgages by My Lender Jackie in California – home loans for self-employed
Is it hard to obtain a mortgage when you… Read More
2022-07-13 17:17
Are No-Doc Loans Still Available in 2022? – If you have a less than traditional employment situation, maybe you are self-employed, maybe you do gig work, or something similar, you may… Read More
2022-07-05 17:34
For some mortgage borrowers, providing a monthly income calculation is not as black and white as it is for others. Those who perform freelance work, own a business, or independently contract… Read More
2022-06-29 17:07
HERO Loans They Might Seem More Promising Than They Are
What is a HERO loan?
In the simplest of terms, a HERO loan is a government-backed mortgage product offered to those homeowners that wo… Read More
2022-06-21 13:20
Are You Having Trouble Getting Out of a Ygrene or HERO Program? In theory, the overall objective of the HERO or Ygrene loan programs under the PACE program seems like a helpful and beneficia… Read More
2022-06-07 16:59
Second homes can be a great way to invest and grow your wealth. On top of that, you have an amazing place to vacation whenever you want in one of your favorite places. Second-home ownership… Read More
2022-05-24 17:31
House Flip Financing – What Options Are There? Quick climbs in home values have led to an interest in many homebuyers and investors looking at the possibility of house flipping. This i… Read More
2022-05-17 16:09
The state of California has launched a new equity builder loan program in hopes to help first-time buyers become homeowners in a highly competitive market. This program is called a forgivabl… Read More
2022-05-03 16:27
Different Types of Rental Property Loans – Financing a rental property through a mortgage loan can be a good way to increase your income through real estate investment. You want to mak… Read More
2022-04-26 14:07
An investor cash flow loan is also sometimes recognized as a debt service coverage ratio loan. This type of loan is designed specifically for real estate investors hoping to use other means… Read More
2022-04-21 18:31
Easier moving can start with thorough preparation. Not only are expecting moms required to handle the chores of prepping the new place on top of packing the old, but they must always be thin… Read More
2022-04-19 03:34
If you have applied for a traditional or conventional loan and been denied approval you are not alone. In fact, there are many borrowers that are perfectly capable of repaying a loan that do… Read More
2022-04-11 19:52
With interest rates increasing and home prices seeming to skyrocket, many people are fearful that the real estate market is heading for a big bubble burst or a gigantic crash. But learning f… Read More
2022-03-29 13:35
Is it Possible to Get a Mortgage Without a Job?
It is a possibility to obtain a mortgage loan or to refinance your current home loan when you are currently unemployed for whatever reason, be… Read More
2022-03-14 15:37
Non QM Loans After Bankruptcy or Foreclosure – Home prices have been climbing at very quick rates over the last few years, especially in 2021. They are expected to increase and the hou… Read More
2022-03-07 16:08
The non-QM loan is another name for non-conforming home mortgage loan programs. These types of loans do not have to stick to the parameters and requirement rules set by federal entities in o… Read More
2022-02-28 16:44
Reasons a Non-QM Mortgage Might be Better Than a Traditional One – Not every person hoping to purchase a home will be able to qualify for a traditional conventional 30-year fixed-rate… Read More
2022-01-31 23:34
Get Rid of Your HERO Loan Today
Let’s See How Much You Can Save… Read More
2022-01-24 21:06
If you’re single and responsible for the care of one or more children in your home it can be more challenging to purchase a home as compared to a couple of people using a dual income t… Read More
2022-01-19 20:46
How Many Mortgage Lenders Should You Apply To? It is not uncommon to hear that you should shop around when applying for a mortgage. But what is often not advised is just how many different m… Read More
2022-01-10 19:30
Federal Reserve Actions Could Make Getting Mortgages Easier – Rates have been slowly climbing in response to the federal reserve stance on inflation but homebuyers shouldn’t worr… Read More
2022-01-03 21:35
Will Larger Conforming Loan Limits Bring a Housing Crisis? Home prices have been on the rise in a very quick manner for some time now and they do not appear to be hugely slowing down. A larg… Read More
2021-12-18 21:08
Recently five US senators introduced a bill that could help families with modest means build wealth through homeownership. This new proposal is called the LIFT Act, or Low-Income First-Time… Read More
2021-12-13 20:54
Shortly after the pandemic began, the government put into place protections that required mortgage lenders to offer mortgage forbearance programs for homeowners that saw themselves strugglin… Read More
2021-12-06 18:38
For many years the federal entities of Fannie Mae and Freddie Mac would back mortgages and purchase them from lenders within certain rules. Traditionally Fannie Mae and Freddie Mac set a lim… Read More
2021-11-30 19:50
It is not uncommon for every mortgage loan applicant to be asked to provide at least one bank statement when trying to seek approval for a home purchase. Here are some frequently asked quest… Read More
2021-11-23 19:42
Some lenders are offering what seems to be a great relief to those hoping to purchase or refinance a home above California’s $548,250 conventional mortgage loan limit. This is well ahe… Read More
2021-11-15 17:44
When applying for a mortgage loan, most lenders will ask you to supply at least one or two months of bank statements to get a better picture of your financial stability and responsibility. I… Read More
2021-11-08 15:22
Reasons Mortgages Get Held Up in Underwriting – An underwriter for a mortgage, in a sense, has the job of playing the “bad cop” role in approval. They are tasked with looki… Read More
2021-11-02 18:51
When applying for a mortgage loan to purchase a home, a lender is going to want to see the documentation that provides solid proof of your income history and current income status. Most lend… Read More
2021-10-17 18:32
Stated income loans are not as widely available as they were prior to the recession of 2008 when several houses went into foreclosure. These no-document mortgages became harder to find in fa… Read More
2021-10-11 15:59
The state of California has several areas with higher home prices as compared to others across the country. In many places of California this can require securing a jumbo loan to purchase a… Read More
2021-10-04 18:01
With a highly competitive seller’s market, it can be a little more challenging for first-time homebuyers to enter the housing market. To help a first-time home buyer secure a mortgage… Read More
2021-09-28 19:52
Right Now is a Great Time to Refinance Investment Properties – The historically record-breaking low-interest rates over the last year and a half have sent homeowners to seek out loan p… Read More
2021-09-20 19:40
When you are hoping to purchase a home for a larger amount of money requiring you to apply for a larger mortgage, a traditional conforming loan may not be enough. You may need to look into b… Read More
2021-09-13 18:03
General Qualifiers for Jumbo Mortgages – If you are needing a home loan that covers more than $548,250, or $822,375 in more expensive housing markets across California, you will need a… Read More
2021-09-06 20:09
If you, like many California homebuyers and other homebuyers across the country, are hoping to purchase a bigger better and more expensive home this year it is highly probable you will need… Read More
2021-08-30 18:27
What is a Debt Service Coverage Ratio (DSCR) Loan?
A debt service coverage ratio loan, or DSCR is a helpful option to finance real estate investments. The real estate investment market has b… Read More
2021-08-09 17:22
A new bipartisan bill currently in the House of Representatives that is called the HELPER Act is aiming to help teachers and first responders that worked hard to keep things going with adver… Read More
2021-07-26 17:36
The large mortgage backing entities of Fannie Mae and Freddie Mac are dropping a fee on mortgage refinances that was instituted during the pandemic at the end of 2020. Dropping this fee is… Read More
2021-07-19 19:08
The thought of paying off your mortgage early is an exciting one as you will no longer have to pay interest on your home. But both the pros and cons of paying off your mortgage early should… Read More
2021-07-12 16:17
A blanket mortgage is a single mortgage that covers multiple different properties. The group of assets serves as collateral for the loan. Many real estate developers and large investors ofte… Read More
2021-07-05 15:46
As home prices increase it is not uncommon for homebuyers to purchase a home with another party. But how many names can you have on a single mortgage?
The answer to this question is that the… Read More
2021-06-14 17:18
A jumbo mortgage is one that loans out a larger amount of money than the highest amount allowable to loan out for a conforming or conventional loan. Currently, jumbo mortgage interest rates… Read More
2021-06-07 19:41
Refinancing an investment rental property is very similar to the refinance of a primary first home that you live in most of the time. There is one big difference though: you will need to doc… Read More
2021-05-31 16:59
There is good news for mortgage applicants, qualifying requirements are beginning to ease up after the strict tightening we saw at the height of the pandemic. According to reports mortgages… Read More
2021-05-17 21:36
There is a new mortgage refinance program being launched shortly by the U.S. government. Eligible borrowers will be able to refinance their current mortgages at a lower interest rate and low… Read More
2021-05-10 13:51
The three-digit number that is your credit score puts a big impact on your ability to qualify for a mortgage loan and what interest rate you will be offered. An interest rate plays a very si… Read More
2021-04-26 16:25
Right now could be a good time to purchase a second home. Not only do second homes save money on the expensive hotel costs of vacations, they can also be used as a potential source of income… Read More
2021-04-19 16:27
There are some great new Super Jumbo Loans available in California only, making purchasing homes at higher California price points more accessible to buyers. Read on to learn more about jumb… Read More
2021-04-12 17:42
Mortgage interest rates have been on the rise since the beginning of 2021, but are still very low as compared to pre-pandemic rates. When there is a change in mortgage rates, it can have an… Read More
2021-03-22 16:56
Recently Freddie Mac, one of America’s leading mortgage lending giants, announced that their 30-year fixed-rate mortgage interest rate was at just over 3%, 3.02% to be exact. This is t… Read More
2021-03-08 15:16
If you are one of the few potential home buyers that shop for a loan among several different lenders, you may have noticed that they do not all offer the same interest rate. In fact, the &ld&hell…Read More
2021-03-01 17:00
Getting pre-approved for a loan should be the first and is the best step you can take in your home buying process. Before even looking at homes, you should talk to a mortgage broker or lend… Read More
2021-02-15 15:28
While some businesses are still shut down or running at much less capacity the economy across the country has seen a high number of unemployment. The Fair Isaac Corp., more commonly known as… Read More
2021-02-08 19:27
Though mortgage rates are phenomenally low right now, the standard qualifications for mortgages have become more strict. There are many more things that set off red flags with lenders since… Read More
2021-02-01 17:55
Married couples who are refinancing their home or purchasing a new one do not have to include both people on the mortgage. In some cases, including both spouses on the paperwork can cause mo… Read More
2021-01-18 16:03
Going through a foreclosure is no small deal and it is not an easy one either. Many past homeowners begin to give up hope of ever owning a home again after they have been through a foreclosu… Read More
2021-01-12 16:14
Purchasing a property in need of repair can be a good way to save some money on a home that has all of the attributes you really want and the potential to become something you love. How will… Read More
2020-12-28 17:19
The Federal Housing Finance Agency “adverse market” half percent fee on a majority of mortgage refinances officially went into effect on December 1, 2020.
For those already in th… Read More
2020-12-14 17:31
Is it Wise to Buy a Car Using a Home Equity Loan – The most common way that people purchase a car is through a traditional home loan, but some people do choose to finance a car using a… Read More
2020-11-30 19:32
A second mortgage, which is sometimes called a junior lien, can be an option for turning your equity into available funds without having to sell the home. A second mortgage will increase you… Read More
2020-11-23 16:01
With Interest rates remaining at historic lows, some homeowners with FHA loans are considering switching over to a conventional loan. Switching can bring some positive changes like a lower p… Read More
2020-11-09 19:08
At the beginning and even towards the middle of the pandemic-causing shifts in the housing market many real estate market experts voiced concerns over mortgage forbearance programs and the i… Read More
2020-10-26 18:22
A rate and term refinance can be a useful way to save money on your home loan.
What Is It?
Basically, a rate and term refinance is a loan improvement. It allows you to exchange your old mort… Read More
2020-10-05 14:55
When you begin to apply for a mortgage loan or even just research what you should know about current mortgages and what is out there, you will no doubt hear or read the words Freddie Mac and… Read More
2020-09-28 16:55
At the height of the COVID scares, back in February and March, when the stock markets where crashing and businesses were closing for undefined amounts of time, many homeowners across the cou… Read More
2020-09-21 16:37
Saving money to purchase a home may seem big, daunting, scary, unattainable, or always just out of reach. Don’t let your fears or apprehensions stop you from getting closer to the dre… Read More
2020-09-07 18:38
Applying for a mortgage on your home is more than just going down to your bank and taking the first offer given to you. It is best to shop around so you know you are receiving the best offer… Read More
2020-08-31 17:40
Construction loans can be a good option if you are hoping to build a brand new custom home or put some major work into an existing one. Read on to find out more information on construction l… Read More
2020-08-24 15:28
How Long-Term and Short-Term Loans Differ – As the pandemic is still a large presence around the country and pandemic induced low-interest rates are still at all-time lows, it is still… Read More
2020-08-17 17:48
Qualifying for a mortgage loan that would enable you to purchase a home after filing for bankruptcy may seem like a crazy dream. Bankruptcy tends to cast shame or paint a filer as a person w… Read More
2020-08-14 20:17
The current times have turned many people’s personal finances for a loop. Even as businesses begin to open back up many employees are still furloughed or unemployed. Some employees hav… Read More
2020-08-06 15:22
If you have mounting debts that you are struggling to pay off and feel like you will never get beyond just paying the high interest, you may be looking for ways to help pay the debt down. On… Read More
2020-07-27 15:02
You have decided you are ready to buy your next home, the one that will help you to live out where you want to be in the next stage of life. Before you go house shopping and fall in lov… Read More
2020-07-23 18:52
Last month Fannie Mae and Freddie Mac both announced new standard requirements for self-employed borrowers and loan applicants. It is expected that many other lenders will adhere to these lo… Read More
2020-07-13 19:53
Right now a large number of home owners are hoping to take advantage of historically low interest rates and refinance so they can lower their monthly mortgage payment. Is a no-closing-cost l… Read More
2020-07-07 21:24
Mortgage rates are lower than they have been in several years making this a really good time to apply for a mortgage and take advantage of lower payments. One thing applicants should be awar… Read More
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