Recent articles about the availability of low down payment loans and down payment assistance programs are causing fear that we’re returning to the bad habits seen 15 years ago. In this article, we alleviate these concerns.
What Credit Score Do You Need for a Mortgage?
Don’t let assumptions about whether your credit score is strong enough put a premature end to your homeownership goals.
2020 Riverside County Conforming Loan Limit
2020 Riverside County Conforming Loan Limit GREAT NEWS for residents of Riverside County, CA! The 2020 Riverside County Conforming Loan Limit is now $510,400 (up from $484,350 in 2019, $405,950 in 2018 and $379,500 in 2017). 2020 California Conforming Loan Limits Conforming loan limits have been increased for 2020. The Federal Housing Finance Agency (FHFA) announced the new loan limits … Read More
Taking the Fear Out of the Mortgage Process
A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage.
What FICO® Score Do You Need to Qualify for a Mortgage?
The good news for potential buyers is that you don’t need a score that high to qualify for a mortgage.
Things to Avoid After Applying for a Mortgage
Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how your decisions will impact your … Read More
Mortgage Refinance – 5 Tips to Help You Get the Best Loan
This article offers tips on how to get the best mortgage and lowest interest rate on a Mortgage Refinance.
Purchase Mortgage – Some Do’s and Don’ts and Great Tips to Help You Get the Best Loan
This article offers tips on how to prepare for purchase a new home, and how to get the best mortgage and lowest interest rate on a new Purchase Mortgage.
2019 Riverside County Conforming Loan Limit
2019 Riverside County Conforming Loan Limit ________________________________________________ Update – Click here to see the increased 2020 Riverside County Loan Limits ________________________________________________ GREAT NEWS for residents of Riverside County, CA! The 2019 Riverside County Conforming Loan Limits is now $484,350 (up from $405,950 in 2018 and $379,500 in 2017). 2019 California Conforming Loan Limits Conforming loan limits have been increased for … Read More
Important Facts about Credit Reports and Credit Scores
So now that I know my Credit Score, what does it mean? When evaluating a borrower for a mortgage loan, we look at all three credit bureaus (Experian, Transunion and Equifax). We call it a “Tri-Merge” report. The underwriter will use your middle credit score when evaluating your file for approval. For example, if you have a 720 score with … Read More