Page 73 – San Diego Purchase and Refinance Loans

Attention Multiple Property Investors

by Chad Baker February 18, 2015 0Comments

Emery Financial is excited to announce a new mortgage product that is designed to help the owners of multiple (10+) investment properties. In addition to purchasing additional properties, this new product also allows investors to cash-out as well as restructure existing loans…

Foreign National Home Loans 2015

by Chad Baker January 14, 2015 0Comments

The great American Dream of homeownership is still alive and well in 2015, and it isn’t reserved exclusively for US Citizens! Here’s a brief summary of Home Point Financial's Foreign National & Nonpermanent Resident Alien Home Loan Program guidelines - updated January 2015: Owner-occupied, second…

Rate Quotes

by Chad Baker December 17, 2014 0Comments

If It Sounds Too Good To Be True… It's not uncommon to see advertised mortgage rates well OUT of line with reality. A rate sheet or advertisement might look something like this: Whether the advertised options will be available for your transaction depends on too…

One Year Tax Returns Program for Self Employed Borrowers

by Chad Baker December 16, 2014 0Comments

The vast majority of lenders utilize underwriting guidelines that make it increasing difficult for self-employed borrowers to secure mortgage loans. A common requirement to use a two-year average of a borrower’s income to determine eligibility. In a situation where the income has…

Opt Out of Credit Offers

by Chad Baker December 15, 2014 0Comments

When your credit is pulled for your home loan, credit bureaus could share your personal information! Put an end to unsolicited credit offers. It's far too easy for identity thieves to steal your mail or your garbage and use a pre-screened credit card…

Qualification Ratios

by Chad Baker December 11, 2014 0Comments

When it comes to your mortgage, qualification ratios may seem like something from your high school calculus class. It's actually not rocket science. The math is simple, and the concept is sound. Income Ratio is your total monthly housing payment as a percentage…

2015 Conforming Loan Limits Increased for San Diego County

by Chad Baker November 25, 2014 0Comments

There’s some good news in store for San Diego County’s current & future homeowners. The Federal Housing Finance Agency (FHFA) has just announced the maximum conforming loan limits for home loans underwritten to Fannie Mae & Freddie Mac guidelines for next year,…

Non-Arm’s Length Transaction Home Loans

by Chad Baker November 12, 2014 0Comments

An Arm’s Length Transaction refers to a real estate purchase transaction in which both the buyer and seller are conducting business from an equal bargaining position, with neither party having any control or influence over the other. In contrast, a Non-Arm’s Length…

Two Mortgage Qualification Factors to Consider in a Divorce

by Chad Baker November 11, 2014 0Comments

Going through a divorce can be a very stressful experience, which can result in your own future housing needs being overlooked. You can avoid or reduce future housing challenges by analyzing the financial implications of a divorce before it happens. A concept that…

Impact of Missing a Credit Card Payment on your Credit Score

by Chad Baker June 3, 2014 0Comments

Your credit score is one of the biggest factors in determining your qualification and interest rate when applying for a home loan. Missing a credit card payment is not the end of the world and it will not automatically prevent you from…