We all understand that homeownership means that we own our home in partnership with the mortgage lender. Until the mortgage is paid off, the part that you truly own or can lay claim to is the equity that you…
One of the requirements for obtaining a mortgage is to prove that you are employed (or self-employed), and moreover, that you have been the past two years at a minimum. You do not need to be in one job that…
At some point in your home ownership, you may be tempted to refinance your mortgage, especially if interest rates are lower than they were when you originally took your mortgage or if you think your home has gained equity. Refinancing…
With the popularity of HGTV and all those fixer-upper shows, it can be tempting to embark on buying one for yourself or doing a renovation to your own home. But the reality is, for buying a fixer-upper, you may…
If you’re in the market for a home in Walnut Creek or anywhere in California, you are probably looking at applying for a mortgage. What many home buyers don’t realize as they are getting caught up in the excitement of…
When approving a borrower for a mortgage in Walnut Creek, a lender will use many factors to assess their credit-worthiness. One of these factors is the debt-to-income ratio. A borrower’s debt-to-income ratio is one of the most important indicators…
If you are applying for a new mortgage, you may already have decided on a fixed rate mortgage. But you haven’t yet decided on whether to take a 15-year or 30-year loan. Here are some things to consider when…
Buying a home can be an exciting time. And, a stressful one. Not only is purchasing your home one of the largest investments you are likely to make during your life but getting approved for a home loan in Walnut…
Whether your credit score is high, low, or somewhere in between, it is smart to raise it as high as you can before you submit your application for a home loan in California. Many consumers are not aware of…
Today’s refinance loan options are more flexible than ever for those who need to refinance a home in the Bay Area. In an article we posted in 2018, we discussed a forecast by the Mortgage Bankers Association predicting refinances would…
