4 Questions You Need to Know Before Buying a Home

How Much Home Can You Afford? This is one of the top questions home buyers have. Having said that, it may be the incorrect question in terms of your finances. Rather than trying to afford the highest home price a lender tells you, it may be better to figure out the maximum monthly payment you […]

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mortgage advice

Qualify for a Mortgage With a Non-Occupying Co-Borrower

Sometimes a little assistance is needed to get started in life when you don’t qualify on your for a car or a home loan. The solution many use to get a cosigner. A cosigner, essentially a co-borrower, is someone who signs a law binding agreement to repay the loan based on a number of set […]

Q&A on Orange County FHA Loans

Orange County FHA Frequently Asked Questions (FAQ) What defines a mortgage as an FHA loan? It is a mortgage loan insured by the Federal Housing Administration (FHA). The loan is not made by the government but is it insured against borrower default with its mortgage insurance aspect which is significant. What are the primary benefits […]

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New homeowners with house keys

Enticing Loan Programs for Orange County First-time Home Buyers

If you are a first-time home buyer determined to find a property? The following are tips to find out if you’re prepared to begin the process. Become familiar with the selling prices of homes in your desired location. Conduct a search on the MLS for listings in your area from a local realtor’s website, or […]

Home Loans in Orange County Far Above Being Underwater

Fewer underwater mortgage holders, but Las Vegas still at the top of the mountain.  The share of Las Vegas homeowners who are underwater continues to move downward, but it continues to be the highest of all large U.S. cities. As of January, 2016,  22.1 percent of Southern Nevada homeowners with home loans owe more than […]

home loans below their value

San Diego coastal homes

2016 Loan Limits Rise in 4 California Counties

On, December 16, 2015, the Federal Housing Administration made available the maximum mortgage limits for 2016. Loan limits will be going up for 188 counties as a result of appreciation in home values, and absolutely no counties in the U.S. will see their loan limits decreased. In California, among the areas benefiting from increased loan […]

Investing for Cash Flow or Appreciation

In California, it is not an easy task to find residential real estate that offers investors high cash-flow for a couple of reasons. Prices for people buying homes as their primary residence are driven up by strong demand. Residential investment properties are priced for speculation and not cash flow. This means the property is being […]

CA Home appreciating in value

Mortgage approval or prequalification

Is it OK to Switch Lenders while in Underwriting with 1st Lender?

Here’s a great example fo why you would switch. Your loan officer is claiming that you will be approved within adequate time for closing but because you were never completely comfortable with the loan officer or lender, you want switch to a different lender. Then you have uncertainties about if the second lender can approve […]

Will Higher Interest Rates Hurt Real Estate?

Overall higher interest rates will not impact homeowners too much with just a .25% increase. This should comfort existing homeowners who monitor their equity along with prospective home buyers nervous about their new purchase.   The Federal Reserves’ short-term interest rates have been at zero going back to December 2008. The moment the Fed truly […]

interest rates and affordability

afford mortgage

4 Different Practical Ways to Find Out How Much House You Can Afford

Buying a house for yourself or family is always a time to be very alert throughout the process and to know what is expected for all parties involved. Before making an offer on a home to buy, you need to be sure of how much you can “afford”.  Your local mortgage lender should able to […]