RE Lender Blog

/RE Lender Blog/

30-year fixed rate under 3.25%?

Well, not exactly, but CalHFA’s Mortgage Credit Certificate income increased yesterday to $57,840 for a Sacramento family of one or two people, and to $72,300 for families of three or more effective yesterday! How is this under 3.25%?  Well on a $200,000 loan at 4.5%, the government actually pays $150 of the mortgage payment via a tax credit!  That’s the equivalent of lowering [...]

By | January 8th, 2014|Popular Topics|0 Comments

20 Things Not To Do When You Are Trying To Buy A Home

Imagine depositing a cash gift from Mom and having your loan application denied! If you are looking to buy a home, you will definitely want to learn these 20 things not to do. And remember to talk to a mortgage professional first. 1.     Enter credit counseling. 2.     Change jobs. 3.     Freeze your [...]

By | December 4th, 2013|Loan Talk|0 Comments

Three Essential Things Every Buyer Needs To Know

Many people put off meeting with a lender because they don’t understand what the meeting is really for.  It is NOT about the lender learning if you can qualify or not; the lender can usually determine that with some very basic information and a credit report.  The real purpose of the appointment is for you [...]

By | December 4th, 2013|Loan Talk|0 Comments