Wire Fraud in Real Estate – What to Be Aware of
It seems every week we hear something about money fraud or wiring fraud after real estate transactions and mortgage or financial transactions. In March of last year, the California Department of Real Estate issued a consumer alert and warning against timeshare fraud....
Should Sellers Get a Home Inspection Before Listing?
Even though this isn’t necessarily a mortgage or financial post, I wanted to talk about the importance of a home inspection when buying a property and also BEFORE listing a property. With some mortgages, the home inspection is imperative to the financing of a...Is There Ever a Good Reason for an Adjustable Rate Mortgage?
An adjustable rate mortgage or ARM is a home loan with an interest rate that can change periodically. Monthly payments can go up or down based on the current interest rate. The initial interest rate is lower than a fixed rate mortgage but after a certain period,...
Is a Bridge Loan a Good Idea?
A bridge loan is a loan between two transactions, typically the buying of one house and the selling of another. A bridge loan is ideal when a homeowner cannot afford to mortgage payments at the same time. This works when you are buying one home when your previous home...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.