Mortgage approval Archives - San Diego Purchase and Refinance Loans

by Chad Baker June 2, 2022

Considering a Non-Contingent Offer? Here’s What You Need to Know

In this article, we'll discuss a non-contingent offer, the risks, and the benefits, helping you make a decision on whether this is the right approach for your next purchase. Purchasing a home in a competitive market can be extremely difficult. Before you have…

How “Conditional Approval” Can Make You a More Competitive Homebuyer

by Chad Baker February 11, 2022 0Comments

When you go through the mortgage process, there are many steps involved. As we have discussed in previous blog articles, you’ll need to complete steps such as pre-qualification and pre-approval . But there is also a step, one less known than…

How Restricted Stocks Can Improve Your Mortgage Potential

by Chad Baker December 21, 2021 0Comments

There are many assets that you can use on your loan application, including restricted stock units. If you receive this compensation from an employer, it may be a good idea to apply these funds to your loan. Using Restricted Stock…

What You Need to Know Before Buying a Home in Wildfire Territory

by Chad Baker September 16, 2021 0Comments

Some of the top homes in many of the best places to live are, unfortunately, in wildfire territory. In California and many other western states, as well as states in the midwest, southeast, and northeast, (basically anywhere in the United States) wildfires…

Simple Tricks to Reach VA Loan Approval

by Chad Baker August 12, 2021 0Comments

The VA loan is one of the best mortgage options in the industry. While it’s only available to qualifying veterans, VA loan approval allows future homeowners to make the purchase with easier qualification requirements and a low downpayment. Compared to other loans,…

How ITIN Loans Support Getting a Mortgage Without a SSN

by Chad Baker March 11, 2021 0Comments

It might seem that getting a mortgage without a Social Security number (SSN) could be next to impossible. You may be a perfectly legal resident of the United States, but without a Social Security number, many of the most popular loans are…

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? …

How to Navigate a Bidding War as a Seller

by Chad Baker December 3, 2020 0Comments

In a competitive real estate market, bidding wars are common. As a seller, this seems like the perfect chance to drive up the purchase price for your home and squeeze every dollar from buyers. But you need to be careful.…

Forbearances are Dropping: What This Means for Homeowners?

by Chad Baker November 19, 2020 0Comments

Forbearances are declining. What could this mean for future homebuyers? The United States, at least economically, appears to be steadily returning to a state of normal. Yes, COVID-19 cases continue to increase in many areas, causing new restrictions on gatherings by…

Mortgage Research: What to Look For and How to Find It

by Chad Baker October 13, 2020 0Comments

Mortgage research is an important part of the overall buying process. But where is the information, and what should you look for? This article hopes to guide you in the right direction. An informed decision is a better decision. …

Cross Collateral Loans: Must-Know Information for Every Borrower

by Chad Baker May 8, 2020 0Comments

Cross collateral loans are used by many investors and property buyers, increasing their chances of loan approval while enhancing the terms. They come with inherent risks, but "cross collateralization" also has many benefits. They may not be for all property…

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