Did you know that the state of California has a special grant program designed to help homebuyers finance a primary residence while simultaneously allowing energy efficient grant that lets you “green up” the home? If you’re a first-time homebuyer or even if you’re not, and have enough funds for a 3.5% down payment plus some […]
Some recent good news came out recently that took effect last July. Fannie Mae, the largest purchaser of residential home loans announced their new policy addressing debt-to-income ratios. Now, the new debt ratio guideline tops out at 50, up from 45. Debt-to-Income Ratios Explained To interpret those numbers, a debt-to-income ratio, or debt ratio, compares […]
Are you looking at purchasing a home in the Bay Area? First of all, you’re not alone. Second, good luck! As a leading mortgage broker in San Jose, we are constantly keeping an eye on the local housing market to watch for any trends that can help us provide our clients with an ideal mortgage. […]
Your credit score is an important factor when not only determining a loan approval but can also affect an interest rate on a particular loan. At the same time, a credit score can be a moving target and do take some explaining to understand how they’re calculated. Further, it’s also no secret that credit scores […]
Have you heard about the FHA Good Neighbor Next Door Program? If so, then you know it’s a special program operating under the auspices of the Department of Housing and Urban Development, or HUD, and is aimed at specific HUD-identified areas. Who is Eligible? This program allows law enforcement officers, pre-K through 12th-grade teachers, firefighters […]
Are you looking at a property where the seller is open to a leasehold option? Perhaps someone has mentioned this type of ownership to you in the past but you’re not quite clear on the concept? If so, you’re not alone. Buying and financing a leasehold estate property does take a bit of explanation but […]
Real estate developers know how important it is to have the right financing for the right project. Such is the case for financing fix and flips. Fix and flips are transactions where the buyer acquires a property for a relatively short period of time with the sole purpose to sell, or flip, the home once […]
The Mortgage Credit Certificate, or MCC program, might be the most widely available mortgage assistance program in today’s marketplace yet it’s unfortunately perhaps the least used. Why is a program that helps more buyers qualify for a mortgage widely available but relatively unknown? Probably because most loan officers don’t understand how it works and they […]
Have you ever thought about harvesting your own grapes or starting your own winery? What about planting a family orchard to reap apples, pears or oranges? Buying a home in a rural or semi-rural setting with plans to use the acreage for a hobby farm is more common than you might think. When it comes […]
For those who are in the medical or dental profession, getting a college degree takes time and money. And as college costs continue to rise, it costs more money than ever, often incurring student loans and debt. But there is a loan program designed for the medical and dental professional that takes into consideration student […]
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