Paying Off Credit Card Balances vs. Closing the Accounts

With While mortgage lenders review a loan application, affordability is determined. Affordability can sometimes be a moving target as different loan programs may have different acceptable levels of debt. Paying off credit card balances might seem important, but lenders look at things differently. There are two primary types of debt, installment and revolving. Installment debt […]

Marriage, Legal Separation and Your Mortgage

The phrase, “’til death do us part” is one we’ve all heard. Unfortunately, many marriages don’t last that long. When a couple decides to separate, either legally or informally, there are different options to consider. Do they simply need some time apart to figure things out independently? Maybe have a little “breather” in order to […]

The Streamline Refinance Explained

Have you heard of the term “streamline refinance”? Lenders certainly have and when you discover what this process actually is, you may very well decide it’s time to refinance after all. A streamline refinance is where an existing mortgage is completely replaced by a new one. The term was originally coined when the Federal Housing […]

Top 3 Government-Backed Mortgage Loans

Financing a primary residence means having the most financing options available in today’s marketplace. For those wanting to buy and finance investment real estate there are fewer albeit very competitive choices. But with a primary residence, there are plenty and are divided into two basic categories- conventional and government-backed mortgage loans. A conventional loan is […]

How to Calculate a Jumbo VA Loan Amount

If you’re eligible for a VA loan and want to come to the closing table with as little money as possible, a VA loan is going to be hard to beat and for several reasons. The most popular is probably not requiring a down payment. That is at least up to the maximum VA loan […]

HARP Loans San Francisco

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 […]