The HomeStyle loan is a mortgage program introduced by Fannie Mae designed to help borrowers buy a home as well as finance home improvements and remodeling costs into one loan. It’s very similar in nature to the FHA 203(k) loan yet much more flexible. Buyers who want to renovate a home or make home improvements […]
The VA home loan was originally introduced as part of the Servicemen’s Readjustment Act of 1944. Congress wanted to help soldiers returning from WWII to more easily assimilate back into civilian life and provide funds to start a business, go to college or to buy and finance a home. As it relates to the home […]
Knowing the difference between a retail bank and a mortgage broker could save you money. Years and years ago when someone wanted money to buy a home, they would go to their bank. The bank would evaluate the application, go to its vault of money and transfer it to the borrower’s account to be used […]
Depending on your age and the decade you grew up in, “conventional wisdom” on the topic of renting vs. buying a home could have varied tremendously. If for example you grew up in the 90s, you may have been brought up to believe that renting is just throwing money down a drain, and buying is […]
When it comes to the topic of renting vs. buying a home, one thing is likely—if you ask around, most of your friends and family are bound to have pretty strong opinions on it. You may know people who say, “Don’t take out a mortgage; you will just get trapped and find yourself underwater in […]
Of all the cities in the great state of California, San Francisco is undeniably the most breathtaking. Here, the Golden Gate Bridge spans majestically across the San Francisco Bay and lush greenery intermingles with beautiful homes and condominiums in some of the most coveted neighborhoods in the country. San Francisco is an amazing place to […]
Mortgage Rates Hit 3-Year Lows, Foreclosure Rates Continue Dropping Good news for home buyers—this month mortgage rates officially hit a 3-year low. As of May 10th, rates were 3.5-3.635% for 30-year fixed loans. This is the lowest that they have been on average over the entire 3-year time period (last year, the rate was 3.84%). […]
Mortgage Rates May Push Upward Later This Week Dependent on Retail Sales Data Mortgage rates managed to drift slightly downward last week, with no big surprises to press rates significantly in any direction. The ISM indices split direction, with the manufacturing index posting a decline, and the services index moving upward. Both indices remain above […]
HARP Loans San Francisco It has been a few years now since the financial recession was at its peak. But those years are something that no homeowner in San Francisco will ever forget. If your mortgage wasn’t underwater in the recession, chances were good you knew more than a few homeowners who were in that […]
Looking For Mortgage or Refinancing Options? When you have made the decision to purchase a home one of the major steps involved is obtaining financing. It is a good idea to consider financing options before you begin looking at homes. At C2 Financial, we can help you determine the best financing options available to meet […]
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