For many people, condominiums are a wonderful choice for homeownership. Some people may not need the large space, expansive yard, and multiple stories of a full-size family home. Instead, two or three rooms, one and a half bathrooms, and...
You want to purchase a home to improve your financial future, but when you start the process, you discover you have limited options because you only have a small down payment. While there are some government programs available, there are...
Understanding the details of mortgage qualification is crucial to long-term financial success. You don’t have to be a mortgage guru, but you do need to understand the various details that affect how you qualify. Recently, Fannie Mae made adjustments to...
The loan process for purchasing or refinancing a property that is classified as a “Condominium” can have some additional requirements that in some situations can delay or even prevent the approval of a loan regardless of the qualification of...
The home loan process can be a challenging experience for the self employed borrower looking to purchase or refinance a home. Much of the confusion can be attributed to the calculation and documentation of income that a mortgage bank...
If you’re a regular follower of financial news and the real estate market in particular, you’ve probably noticed that it’s taken almost a decade for home values to finally return to their pre-Great Recession highs of 2007. It’s also...
There are almost nine million self-employed people in the United States. The state of California alone is home to almost two-millions of these self-employed entrepreneurs. The advantages of self-employment are many, a flexible schedule, control of your life and...
HERO (Home Energy Retrofit Opportunity) is a program that is part of the statewide PACE (Property Assessed Clean Energy) effort. PACE was established in California in 2001 and was used as a blueprint for at least 30 other states....
If you ask an experienced real estate investor who owns multiple properties how they got started in real estate, don’t be surprised if the response is they first bought a duplex or a fourplex. The reasoning is that the...
When lenders accept a mortgage loan application for a residential property there is in effect two separate loan approvals - one for the borrower and one for the property. The borrower must be able to show sufficient income to...