5 Mortgage Advice Tips for First-Time Orange County Homebuyers
If you are a first- time home buyer, the process of getting a mortgage for a property can be daunting. It’s really important if you are a buyer in Orange County, to work with a specialist to gather mortgage advice, before you enter a purchase contract/ mortgage...
Mortgage Rate Predictions for 2020
What should we expect in the mortgage rate industry for 2020? Well, here we are, a new decade and a new year but what should we expect from the mortgage industry, interest rates, and how the housing market will go this year? Experts have rounded up their predictions...
Can I Use a Refinance to Buy a Second Home?
Rates are extremely low right now in fact, in December, they are the lowest they’ve been this month in seven years. That means it’s a great time to consider a refinance were buying your first or even your second home. But can you take the money out of your...
Difference Between Bank Statement Loans and Stated Income
I am very passionate about this type of home loans for the self-employed. I’ve been working with several lenders for multiple years now on bank statement loans and stated incomes but is there really a difference? I did a post that bank statement loans are the...
Stated Income Loans are Ideal for Real Estate Investors
Stated income home loans used to be widely available before the recession in 2008. And although we’re not back to the subprime mortgage bust, and hopefully never will be, these loans were extremely valuable and they’re making a huge comeback. In 2010, the...
Tailored Pre-Approval Letters Can Help in a Bidding War
We talked about the benefits of a pre-approval letter and how it makes you a more qualified buyer when you present this letter to sellers when submitting an offer. But, a tailored pre-approval letter can actually help you win a bidding war. Here’s what I mean. A...
Stated Income Loans 2019
We are nearing the end of 2019 and before 2020 starts, you might want to consider jumping on the stated income loans 2019 bandwagon. This is a great opportunity for those that are self-employed or may not be able to prove all of their income to get a home loan. If...
How Do Down Payment Assistance Programs Work?
Down payment assistance programs were created to make homebuying more affordable but how exactly do they work? Nearly half of Americans say the down payment is the hardest part of buying a home. There are a lot of low down payment options such as VA loans and FHA, but...
Is it Better to Get a 10, 15, 20 or 30-Year Mortgage?
Is it Better to Get a 10, 15, 20 or 30-Year Mortgage? There are so many options out there for homebuyers when it comes to a mortgage. Not only are there different options when it comes to the loan itself such as an FHA, USDA, conventional or VA, but the terms of the...
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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.