Having a traditional W-2 income job is great for qualifying for a traditional mortgage but the truth is that it’s becoming more and more rare in our modern economy. And fortunately for the many of us without traditional W-2 income jobs, the mortgage industry is slowly catching up with the times. Would-be homebuyers that have
Category Archives: Preparing to get a mortgage
So often I hear from first-time homebuyers that they are either unsure or downright scared of their credit score and what it might be. Well, in this article I want to demystify it all for you so that we can chase away that uncertainty and fear away with knowledge. We’re going to go through what
Recently I got a call from and 85-year old client that needed my help. She didn’t have money to buy groceries. Wow, it’s not often that I’m called on in these types of situations, but I was glad to help her. But, how did she get into such a bad situation? Her husband had passed
One of the first questions borrowers ask me when we’re beginning their mortgage application is “how long is this process going to take?” If you’ve wondered the same thing as you consider buying your first home, or your next home, here’s a simple, easy-to-understand rundown of the loan process so you can see about how
The time has come…you’re ready to do some adulting and buy a home, settle down, spend Saturdays at Home Depot, maybe even lay down some tile somewhere. But there’s just one problem, you’ve got to save a huge pile of cash for the down payment because, after all you are a first-time homebuyer in California.
We all know that an important part of *adulting* is buying and owning a home. But the cost of homes here in SoCal leads many would-be homeowners I talk to, to question that. How about you? If you are on the fence about whether it’s important to own a home, this article is for you.
Do you wonder if you are in the right mortgage program for this stage of your life? It’s a smart financial question to ask, especially with rates rising and home appreciation rates increasing every year. As you know, I love to look out for my clients’ best interests and a chance I had recently to
Despite the financial market churnings recently, I’m seeing and hearing from others I talk to in real estate that the home buying season is heating up…now. We’re seeing a high volume of buyer activity. I’ve been receiving lots of borrower inquiries and doing pre-qualifications. I don’t have any data to back this up quite yet,
One of the questions I hear from clients most often is ‘how can I get a lower rate on my mortgage?’ It’s a great question and one of the most important ones to ask before you sign on for a long-term mortgage. The good news here is that there are numerous ways that you can
Raise your hand if you are still paying off your student loan…most of us have hands raised…71%, in fact graduated from college with student loan debt and many are still paying it off. Last week I posted briefly on Twitter and Facebook – which I’d love you to follow me if you’re not already –