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…
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 want to buy a home in California with a conventional mortgage, you will be pleased to learn that the conforming loan limits for 2020 throughout the state are higher than they were in 2019. Walnut Creek is in…
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…
The table below shows the conforming loan limits for all California counties in 2019. These limits were established at the end of 2018 and will remain in effect through December 31, 2019. Update: In late November 2018, federal housing officials announced…
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…
If you are self-employed and in search of a mortgage, you may believe that your options are restricted because of your self-employment status. You may have heard that you cannot qualify for FHA loans or other government-insured mortgages such as…
If you’ve been watching mortgage rates fluctuate, you may have been feeling pressure to refinance your mortgage before rates climb. Wait! Take a calming breath. Refinancing your mortgage should not be a knee-jerk decision based on one factor. There are…
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…
