Equity Archives - San Diego Purchase and Refinance Loans

by Chad Baker November 18, 2021

How to Make Money Off ADUs: Essential Tips for New Landlords

Accessory dwelling units, or “ADUs” are becoming an increasingly popular way for homeowners to make money from their property. Relatively affordable to build, these small, simple spaces can, in the right situation, bring in thousands of dollars a month. But…

Span the Gap from One Loan to Another with a Bridge Loan

by Chad Baker July 8, 2021 0Comments

If you are purchasing a new home, but can’t afford to carry two mortgages as you sell your existing property, bridge loans could provide the perfect solution. Bridge Loans: Spanning the Financial Gap from Old Home to New Sometimes called…

Using Assets for a Mortgage: How to Enhance Your Borrowing Potential

by Chad Baker February 16, 2021 0Comments

For most mortgages, the income is the most important aspect of qualification and approval. The lender wants as much assurance as possible that your income reaches a certain level and that this income is likely to be maintained. Seems obvious, right? …

High Equity Can Bring a Variety of Advantages to Your Mortgage

by Chad Baker January 19, 2021 0Comments

Recently, we wrote an article about how to build equity in your home . We discussed topics like making larger mortgage payments, funneling extra income (bonuses, gift cash, etc) into the mortgage, and even waiting for time to simply increase the value…

Simple, Essential Tips to Build Equity in Your Home

by Chad Baker December 31, 2020 0Comments

To build equity in your home, you can use these easy steps. “Equity” is simply the percentage of the property you own compared to the percentage you still owe on the mortgage. It takes into account a few different factors, but most importantly…

Coins in soil with young plants on blurred background. Passive income-generating property concept.

Turn Sleeping Equity into Active Cash Flow: How To Create Income-Generating Property

by Chad Baker July 10, 2020 0Comments

Holding income-generating property is a great for your longterm wealth. But how can you turn existing equity into cash flow? This article provides a few ideas. Consider this surprisingly common situation: someone owns millions of dollars in real estate properties but has literally…

Family moving into house. Child with boxes.

15-Year vs 30-Year Mortgage: What Every Homeowner Needs to Know

by Chad Baker December 5, 2019 0Comments

When you are searching for a home loan, you have many options. You can choose a fixed-rate loan or an adjustable-rate mortgage. You can go with a conventional loan, or use an FHA loan. One of the most important decisions…

Who Will Benefit from Our Creative Strategies to Establish Income?

by Chad Baker October 3, 2019 0Comments

In a previous article, we discussed the various strategies we can use to establish your income . We feel this is an important topic, and we’d like to revisit the subject by discussing the different people who may benefit from these strategies.…

Loan-to-Value Rules for FHA Cash-Out Refinancing Are Changing Soon!

by Chad Baker August 22, 2019 0Comments

FHA cash-out refinancing is a wonderful option for many consumers across the country. However, if you want to use this program to take advantage of the equity in your home, you need to act fast. The program is changing, and as of…

The Documents You’ll Need for No-Income Investment-Property Loans

by Chad Baker February 6, 2019 0Comments

No-income investment property loans are a wonderful tool for numerous investors across the country. They allow investors under specific circumstances to qualify for loans with greater efficiency and convenience, and allow people to enhance their portfolio, even if they already own multiple…

Mortgage Glossary of Terms: Part 1

by Chad Baker November 16, 2018 0Comments

Mortgages can be complicated, with lots of confusing terms and acronyms that seem like they come from another language. But you don’t need to be a real estate agent or a lending professional to speak the language of mortgages. With…

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