Tag Archive for: c2financial

2018 Tax Plan and Home Ownership

In case you forgot about the sweeping income tax changes passed by Congress last fall and took effect December 15 of last year, you probably were reminded when you filed your 2017 taxes. The new changes didn’t affect any filing for last year’s taxes but going forward there were some rather significant 2018 tax changes. […]

Different Types of Income Lenders Will and Won’t Use

One of the key components when lenders evaluate a loan application is affordability. Lenders consider current monthly credit obligations such as an auto loan and credit card payments and add those to the new mortgage payment. The new mortgage payment includes principal and interest, property taxes, insurance and mortgage insurance when required. This total is […]

Which Economic Reports Impact Mortgage Rates the Most

Do economic reports affect mortgage rates? Each day, economic reports and different data are released by the federal government along with other bureaus. Some economic reports will have a greater impact than others while some reports have very little if any impact at all. What economic reports are important and which are less so as […]

Why You Shouldn’t Be a Rate Watcher

Are you watching rates? There are different types of borrowers as it relates to rate-watching. Some speak with their mortgage broker and get a daily rate quote to decide whether or not to go ahead and refinance, or maybe someone is thinking about buying a rental property and the lower the rate the better the […]

When a Cosigner Makes Sense

Do you need a cosigner? Maybe you’ve been asked to help out a relative and cosign on a mortgage? It’s long been a practice for parents to help out their kids buy their first home when needed. Cosigning isn’t as pervasive as it once was, primarily due to changes in lending guidelines, but it’s still […]

Getting the Lowest Rate: Does It Make Sense to Pay Points?

When first getting rate quotes borrowers may be shopping for the lowest rate they can find, but they might be a bit surprised at all the options available for the very same loan program. It’s completely understandable. What is the Lowest Rate When a mortgage company advertises a mortgage program and an accompanying note rate […]

Should You Refinance to a Shorter Term?

There really is more than one reason to refinance an existing mortgage. Homeowners with a mortgage most often start to consider refinancing when interest rates have taken a dip. After all, a lower interest rate means lower monthly payments which saves borrowers money each month. There really is no direct correlation regarding how much lower […]

Choosing the Right Loan Term

You’ll probably be surprised at the number of choices you have to make once you decide to buy and finance a home, and deciding on the right loan term is important. When searching for that perfect property there are several things to consider. Some buyers have certain requirements while others could care less about those […]

What Lenders Really Look for When Reviewing Your Bank Statements

When submitting a loan application to buy and finance a home or to get a preapproval letter before shopping for one, the lenders review your application and supporting documents, including your bank statements. Supporting Documentation There are multiple things lenders need to review but among the most important are your income and employment, your credit […]

3 Things You Can Do to Improve Your Home Offer Without Raising Your Price

We’re heading into home buying season and sellers are sprucing up their homes and buyers are already checking out listings online. From now until school starts up again this fall, buyers will be hitting the streets and looking at homes to buy. In the late spring and summer months, there are more new listings and […]