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Refinance

by Chad Baker August 10, 2021

Get a Lower Monthly Mortgage Payment with these 8 Essential Tips

Many people struggle with their mortgage payments. Whether they have lost a job, been burdened with new bills (such as medical bills), or simply over-extended their budget, it’s not uncommon for homeowners to be “house poor,” meaning their mortgage payment leaves room…

Refinancing Fees Removed by FHFA: What it Means for U.S. Homebuyers

by Chad Baker August 5, 2021 0Comments

In a move that will make refinancing more affordable, Fannie Mae and Freddie Mac have dropped a fee that was designed to reduce COVID-related losses. With refinancing fees removed, it may be the time to rework your mortgage. Mortgage Refinancing…

6 Reasons to Use Our Minimum-Down-Payment Program for Cash-Out Refinancing

by Chad Baker February 18, 2019 0Comments

Refinancing with our minimum-down-payment program allows you to get a top-quality loan on your home. Whether you want to make more investments, or simply prefer to have liquid capital ready when you need it, this program gives you plenty of options.…

It’s Not Impossible: Tips for Getting a Home Loan During a Divorce

by Chad Baker October 10, 2017 0Comments

While everyone realizes that divorce is part life, the divorce itself can create concerns for lenders. Many hard-working, financially-secure people will go through a divorce at one point or another, but these people will still find difficulty when applying for…

Have a Student Loan? What You Need to Know About a Fannie Mae Cash-Out Refinance

by Chad Baker September 18, 2017 0Comments

You earned a college degree because you wanted to improve your life. You wanted to increase your chances of working in a fulfilling, rewarding, and financially-secure career, one where you could flourish and have a high-quality income. For good reason, you fully expected…

Purchase or Refinance After a Short-Sale or Foreclosure

by Chad Baker July 10, 2017 0Comments

It has been estimated that over 7 million people lost their homes in either a short sale or foreclosure between 2007 and 2014. Many of these people are looking to re-establish home ownership and are curious as to how their mortgage incident…

Self Employed Borrower Looking To Purchase Or Refinance A Home

by Chad Baker July 4, 2017 0Comments

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 will use to…

Self Employed Refinancing

by Chad Baker June 20, 2017 0Comments

One of the biggest challenge for self employed individuals in the process of purchasing or refinancing a home is the documentation of income. Over 90% of mortgage transactions are underwritten using a traditional income analysis in which a mortgage bank will review a…

Self-Employment Advantages

by Chad Baker June 15, 2017 0Comments

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 the ability to…

Navigating a Refi or Sale With a HERO Lien

by Chad Baker June 13, 2017 0Comments

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. PACE allows property…

Refinance, Recast and Loan Modification

by Chad Baker April 25, 2017 0Comments

We’ve seen interest rates gradually rise over the past 12 months or so both as a result of credit market forces as well as a direct result of actions taken by the Federal Reserve. Last March the Fed raised rates for the…

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