How Does the New 2018 Tax Plan Affect Homeowners?

Many Americans are on edge wondering what this new tax plan may entail and how it will affect them personally. California homeowners especially are curious, and some are a bit anxious as to how these new laws affect homeownership and the real estate market in California, an area that is well known for some of the highest home prices in America. There is a significant amount of confusion about the tax laws in large part due to conflicting laws originally announced by the House of Representatives on November 2, 2017, and the Senate version passed on December 2, 2017. Of course, [...]

5 Financial Perks of Being a First-Time Homebuyer

If you're going with the idea of buying your first house, you're probably doing some research on the financial side of it. Most of us don't have the cash to purchase our first home so we are looking at financing. This is probably one of the biggest loans you'll ever get but if you plan on buying more homes in the future it probably won't be your last. It's important to understand the financing behind a home purchase and all the financial perks you could receive simply by being a first-time homebuyer. There are a lot of forms and documents [...]

Who Pays Closing Costs on a Home?

Who pays for closing costs when you purchase a home or when you sell a home all depends on what type of loan the buyer is getting. First-time buyers are often shocked when they realize how much closing costs can actually be. Closing costs are the various fees, charges, and taxes to purchasing the property they can easily add up to thousands of dollars. Depending on the loan, some homebuyers can actually roll these fees into the purchase price of the home saving themselves thousands of dollars up front. But who typically pays these closing costs and where do [...]

Are You Ready to Buy a House Together?

Together... that may be a new word for you and now your SO (Significant Other)... but if you've decided that "together" is what you're going to be you might also be wondering if buying a house together is a good idea or not. Together means so many things to different people these days; married, engaged, dating, living together, whatever. So it's not just that old adage of we are married now so buying a house is the next logical step. Because it might not be the next step, or the first step, or any step in between. Buying a house is a [...]

What is Debt to Income Ratio?

In the mortgage industry there are a lot of big words and terminologies being thrown around and while those that are familiar with the industry understand completely, most of the general public is left scratching their heads. So what is this term "debt to income ratio"? When you apply for a mortgage your lender will analyze all of your debt and figure out how much income you have coming into the household versus how much debt is going out every month. Lenders will calculate the debt to income ratio to make sure that you have enough income to comfortably pay [...]

Buying Your First House After 60

It doesn’t happen often that there are circumstances that make it impossible for people to buy a home before 50 or 60 years old. Perhaps they’ve been in the military and have relocated most of their life or they have preferred to rent, letting someone else take care of all of the maintenance. Whatever the reason, if you’re now considering buying a home here are some tips to purchasing real estate after 60 years old. #1. Understand that it’s never too late. Regardless of the reason, it’s never too late to start building equity, especially if the price is right. The [...]

When Should I Lock in a Mortgage Rate?

When is the right time to lock in a mortgage rate? This is an open-ended question. I've had people ask me when the best time is to lock in their rate even the best time of day or the day of the week. But the best time to lock in a mortgage is usually when the unexpected happens. Any unforeseen shifts in the market are some of the best times to lock in a mortgage. You want to lock it in when it is the lowest that you can go for that time period. It's kind of like trying to [...]

Tips for Single Women Home Buyers

This is or should not be an uncommon occurrence, but I do have a lot of women that come to me wondering if they really can buy a house by themselves. Of course! No one says you must own property with another person. But, you DO need to be able to afford it on your own, and that's where I come in. Single women are more than twice as likely to purchase a home than single men, according to the National Association of Realtors. They made up 16% of homebuyers in 2016. If you're planning on buying a home this year [...]

Getting a Mortgage in 2017? Here's What You Should Know

Getting a Mortgage in 2017? Here’s What You Should Know

Trying to find accurate news and information these days seems like a wild goose chase. You never know who to believe anymore and if you hear something you have to check the source and then crosscheck it with other reputable sources. It really becomes a frustrating battle to find out what's real and what you can count on. As a professional in the mortgage and finance industry, it is my job, duty, and passion to give you the correct information 100% of the time. I want to give you the news as it's happening, changes that you might be expected [...]

How to Buy a House After a Foreclosure or Short Sale

I have a lot of people ask me similar questions about buying a house after a foreclosure or short sale. However, it's important to note that just because the waiting period is over doesn't necessarily mean you will automatically be approved. Credit scores, history, debt to income ratio and other factors will always play a part in your eligibility for a home loan. One of the best ways to ensure that you will be eligible after suffering a short sale or foreclosure is to continue improving your credit. You'll want to manage and maintain existing credit, pay all of your bills [...]

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