Welcome to My Site!
Thank you for stopping by my mortgage Web site! I have taken special care and consideration to pack this online resource with a wealth of knowledge about the mortgage and real estate process. Wherever you are i ...
How Much Can I Afford?
How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow. In other words, what makes for a comfortable long-term mortgage payment? The Quick Answer: If we're simply considering the financial math, lenders will calculate your Debt-to-Income ... Read More...
8 Questions Your Lender Should Answer About Mortgage Rates
Simply checking online for today's posted interest rate may not lead to your expected outcome because many factors can cause each individual rate and closing cost scenario to fluctuate. I can preach communication, service and education all day long, but it's my ultimate goal to earn your trust so that you can be confident in our ability to successfully lead you through this complex mortgage process. Since mortgage rates can change several times a day, the following questions will help dete ... Read More...
Four Possible Reasons To Refinance
A mortgage is generally the largest debt most homeowners have to manage. It's a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a homeowner may choose to refinance, we'll take a look at the four most common. 1. Mortgage Rates Drop: Typically, the most common reason that homeowners refinance their mortgage is to secure a lower interest rate. Interest rate and loan amount determines the total cost that a ... Read More...
Sacramento Mortgage News and Views
HARP Refinance Loans for Underwater Homeowners
It's finally here!
The highly anticipated new refinance program for underwater homeowners, commonly called "HARP 2.0" will be available beginning March 19, 2012.
For homeowners whose loans are held by FannieMae (check your mortgage here) or FreddieMac (check your loan here), this is a great op ...
Read More...
1/2% Down Payment Option Now Available for First-Time Homebuyers!
If you are considering buying your first home, you may be able to do so with only a ½% down payment!
FHA requires a 3.5% investment of your own funds when using FHA financing for a home purchase. But, beginning March 1, 2012, the California Homebuyer's Downpayment Assistance Program (CHDAP) is ...
Read More...
“No Closing Costs” Loan? Think Again.
I recently had two clients opt to use an online lender rather than me for their financing. The reason? They believed they were going to get a VERY low interest rate AND pay “no closing costs”. That’s right. Gonna buy a home with nothing more out of pocket than the down payment!
I ex ...
Read More...
What It REALLY Costs to Get a Roseville Mortgage
Recently, I have had a few clients be shocked at closing cost quotes I have given them. On each, I went back and checked my numbers very carefully and, yes, the quotes were right! The clients just didn’t realize that there were many costs associated with a home purchase!
No one wants any un ...
Read More...
Help for California Homeowners with Financial Hardships
If you are a homeowner experiencing financial hardship, the California Housing Finance Authority (CalHFA) might be able to help!
CalHFA has a mortgage assistance program called “Keep Your Home California”, a federally funded initiative for low- and moderate-income homeowners who are delinqu ...
Read More...
The Myth of Separate Credit on Sacramento FHA Loans
Some married couples here in Sacramento elect to maintain completely separate bank accounts, assets and debts. Unfortunately, some think this means that when one spouse wants to buy a home that the other spouse's credit is not considered.
On a Sacramento FHA loan, this is often not the case. ...
Read More...
The Lowest Interest Rate Isn't Always the Best Deal on an El Dorado Hills Mortgage
As a El Dorado Hills mortgage broker, I am sometimes asked by clients, “What is your rate?” Little do they know that I have scores of different rates offered by more than 50 lenders! Interest rates are a very interesting subject to most peopl ...
Read More...
A Lesson about Hazard Insurance for Your Folsom Mortgage
If you’re a Folsom home buyer getting some quotes for hazard insurance, you look for the lowest possible insurance premium, right?
As a Folsom mortgage broker, I used to think so until I got a thorough insurance lesson from a very smart Sacramento insurance agent. A miscalculation on hazar ...
Read More...
California Average Mortgage Rates
California Mortgage Rates 30 Year Fixed loading... 15 Year Fixed loading... 5/1 ARM loading... 
View Trend 