Getting A California Home Loan: Why So Many Documents?
“Why do I have to provide so many documents when applying to purchase a new home?” “It seems like the bank needs to know every detail about my financial background, previous residences and additional verification from my employer and the IRS.” “I’ve heard from my...100% Cash-Out VA Refinance
Does A 100% Cash Out Refinance Make Sense? Orange County, CA – Did you know if you are a Veteran you can refinance the full amount of the value of your home? Reducing your interest rate and consolidating debt are reasons you should consider. What kinds of debt...Rate Locks & Good Faith Estimates… Know the difference!
Top 5 Questions 1. What guarantee do you offer with rates provided on your written rate quote? A rate quote is NOT a guarantee of a mortgage rate until the loan is “LOCKED.” A quote is a reflection of the rate “At that moment” the loan officer...How Many Times Can You Refinance with a VA IRRRL?
Question:How many times can someone refinance their home with the VA Streamline program, sometimes called the VA to VA loan and also known as the IRRRL (interest rate reduction refinance loan)? Answer:As many times as it makes sense.When interest rates trend downward,...When To Know It’s Time To Refinance Your Home Loan
Your home is most likely the biggest investment you have, so refinancing your home is not to be taken lightly. Refinancing your home can be a great way to save money or even improve your financial situation, however before you refinance, you need to determine if you...10 Reasons Homeownership Is Better Than Renting
So you are feeling uncomfortable taking the leap into the obligations of a new home and mortgage? Are you nervous about homeownership? Realize, unless you are living rent free with your parents, you ARE paying a mortgage… your landlord’s. Take a look at...“HELP! I’ve fallen and I can’t get up!” (Mortgage Rates)
The Week in Review – July 4th 2014 “Help! I’ve fallen and I can’t get up!” The Federal Reserve has been working hard helping our economy recover from the recent recession; we still need to keep our eye on some key reports that are rather...Pre-Approval vs. Home Loan Pre-Qualification
Getting ready to purchase your first home or even if you’ve been around the block and have owned multiple homes, the language surrounding the mortgage and real estate finance industry can get confusing. I will always break it down for you and make it easy to...Documents Required for a New Home Loan – Purchase or Refinance
A question I am asked often is what information and / or documents do I need to provide? Because I am required to verify your income and financial information before giving you a mortgage loan, the items I request will provide the most complete picture of your...
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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.