Category Archives: Banking and Finance

Here’s A Practical Lending Approach To Avoid Jumping Through Hoops

Ever here one of those stories in the break room how getting a mortgage is difficult? “I had to jump through so many hoops to get my mortgage, it was ridiculous. They keep asking me for financial information, I swear I already provided them.”  Reality check-obtaining a mortgage is no easy feat these days no […]

The Sebastopol Broker’s meeting and tour 9/17/2014

There were 51 present on this lovely fall day. 22 new escrows were opened, 9 were closed, 7 price reductions ( 4 significant), 13 upcoming listings mentioned and 17 “Buyer’s needs” brought up. Inventory is picking up countywide with most of the increase in the lowest price tiers and located in Santa Rosa, Rohnert Park […]

Why Your Mortgaged Rental Property May Not Help You

Do you own rental property? If yes, and you’re looking to borrow money with a new mortgage, your gain or loss identified by your tax returns may help or hinder your chances of procuring favorable credit. Lenders can use up to 75% of the rents generated, however, if there is a history of rental losses, […]

Getting A Mortgage Post Financial Calamity- What You Need To Know Surrounding Joint Chapter 7 & Foreclosure

If you have had a previous bankruptcy and lost a home in the last few years, the road to getting a new loan could be treacherous. Contrary to popular belief, for the purposes of obtaining mortgage credit, you cannot discharge home bankruptcy. What you must aware of getting a mortgage if you tried to discharge […]

How Keeping A Close Eye On Your Credit May Hurt Your Mortgage Chances

What Are Disputed Credit Accounts? *Credit Accounts (that report on the credit report) in which there is disagreement about any material item like balance, interest rate, payments  are most common, any aspect of the agreement between a borrower (creditor) and lender (debtor). Includes: Disputed Charge-off Accounts (charge off shows a due debt, but no payment due) […]

Two Biggest Factors That Garuantee The Lowest Rate

It’s not surprising interest rates are on the rise as the fed has committed to reducing their mortgage bond buying starting this month. There is an array of factors affecting a mortgage rate things like;  home occupancy, loan type, and even property type. Two factors carry the most weight when shopping mortgages… How Lender Sees […]