Welcome to our site!
Thank you for stopping by our mortgage web site. Even though we have taken special care and consideration to pack this online resource with a wealth of knowledge about the mortgage and real estate process, we want ...
8 Questions Your Lender Should Answer About Mortgage Rates
Simply checking online for today's posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication ...
Conventional Mortgage Insurance Update
Current Conventional Mortgage Insurance Conventional MI is experiencing increased popularity now that FHA MI’s rates have risen so substantially. In using conventional MI (up to 97% LTVs are allowed) stricter guidelines apply, like higher FICO scores, lower DTIs and no investment properties allowed. MI has it’s own guidelines in addition to the lender guidelines. A loan eligible for loan approval may not be acceptable for MI. For conventional finance purchases for less than ... 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 ho ...
273 Anteeo Way, Santa Rosa, CA
3 Bedrooms, 2 Baths Custom Kitchen Cabinetry Track Lighting Granite like Counter Tops Beautiful Laminate Flooring Plantation Shutters MLS# 21100943 WOW !! Check out all the upgrades with this beautiful two story 3Bd/2Ba home in Southwest Santa Rosa. Newer kitchen with custom cabinetry and granite like counter tops. Custom track lighting, beautiful laminate flooring, plantation shutters and custom paint. This home is ready to move in. Easy access to HWY 101 and close to shopping and public transportation. For more information, contact listing agent Brian Connolly. Read More...
$148,000 ~ 763 Santa Ana Dr, Santa Rosa, CA
$148,000 Single Family Residence in south-east Santa Rosa. 3 bedroom/1 bath Fireplace Garage public water/sewer/utilities Call Daphne Peterson, Realtor with Samson Group for showing or more information. (707) 548-1736 Read More...
3575 Burnside Road, Sebastopol, CA
$999,999 3.7 acres 3 bedroom 3 baths Office and full bath on ground floor Gourmet Granite kitchen Wood floors Panoramic views of Mt. St. Helena Decks on both levels 3-4 car garage Call Realtor Ed Rau REMAX for showing and more info – (707) 524-3535. Read More...
1911 Knolls Drive, Santa Rosa, CA
$229,950 3 bedroom 2 bath Bennett Valley condo New Rood & gutters Cozy Fireplace Enclosed garden room/patio Pool HOA dues low $107 Call Ed Rau, REMAX for showing. (707) 524-3535 Read More...
Self Employed Borrower Income Qualification
Self Employed Borrowers Complex Qualifying
Salaried employees working for a company have relatively simple qualifying income. To document employee income, current paystubs or salary contracts can be used and supported by year-to-date earnings and last year’s w-2s and 1040 tax returns. Any ...
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Future of Fannie/Freddie and Loan Limits in Sonoma County
What is Going to Happen to Fannie Mae/Freddie Mac?
details from RobChrisman.com 7/12/11
In somewhat dated news, a report in the Wall Street Journal said two Representatives plan to introduce legislation to merge Freddie & Fannie and restructure the company into a government-held corporatio ...
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Buy & Bail?
Buy and Bail?
Many lenders now have a general policy that they will not lend on a new purchase with an FHA loan when the departing residence is upside down. That’s a shame because there are good borrowers out there who have every intention of renting out their home with no desire to “bail” on it, even if it is upside down.
Below a ...
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Restrictions on Financial Assets for Home Buying
When is an Asset, not an Asset?
Not all assets are equal or even permitted from a lender’s point of view.
Retirement accounts are valued at only 60% of vested value.
Stocks, bonds or mutual funds are valued at 70%.
Any large non-payroll deposits showing up on a buyers last 2 bank statem ...
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"Owner Occupied" Defined
Owner Occupancy Defined
Often my Realtor partners are unclear on owner occupancy classification for their clients purchasing a property. A home loan secured by an owner occupied home is a lower risk to lenders than an investment loan for rental property. So lenders are very particular about the fine points of defining owner occupancy. With ...
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Homeowner Tax Deductions
Home Ownership Tax Deductions
One of the advantages of being a homeowner is the ability to deduct your mortgage interest on your primary home, secondary home, and home equity line of credit when you file taxes. But the mortgage interest tax deduction has recently become a discussion point for reducing the federal deficit.
Last December, the Nat ...
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Kathy Hoare
Your Navigator in today's complex mortgage world. Locally serving Sonoma County.
