Do You Need HARP to Refinance Your Mortgage?

Mortgages

Do You Need HARP to Refinance Your Mortgage?

Do You Need HARP to Refinance Your Mortgage?

Following the economic downturn, the government launched, and then revamped, the Home Affordable Refinance Program (HARP) to help homeowners who owed more on their mortgage than their home was worth. The program is still in play to this day, though it’s set to expire this December. If you’re thinking about using HARP to refinance, here’s... Read More

Can Rental Income Help Me Get a Mortgage?

Mortgages

Can Rental Income Help Me Get a Mortgage?

Can Rental Income Help Me Get a Mortgage?

You may not know this, but you can use projected rental income to qualify for a mortgage on a new property you’re looking to buy and lease out. Here’s how it works. Some mortgage companies will give you the benefit of fair-market rents when you purchase a property with the intention of renting it out.... Read More

3 Things You Absolutely Need for a Mortgage

Mortgages

3 Things You Absolutely Need for a Mortgage

3 Things You Absolutely Need for a Mortgage

If you’ve never bought a home before or it has been many years since your last mortgage transaction, you may want to freshen up on the basics before you head to the bank. To get you started, we’re going to go over three of the main things lenders look for when reviewing your mortgage application. 1.... Read More

Need a Giant Mortgage? Here’s What You Should Know

Mortgages

Need a Giant Mortgage? Here’s What You Should Know

Need a Giant Mortgage? Here’s What You Should Know

Jumbo loans are any residential mortgage that exceeds the county’s high balance loan limit. In Sonoma County, California, the maximum loan size for a single-family home is $554,300, so a mortgage for anything larger than that would be jumbo. According to the Wall Street Journal, 24% of mortgages approved were jumbo at six of the... Read More

How Much Can I Refinance My House For?

Mortgages

How Much Can I Refinance My House For?

How Much Can I Refinance My House For?

Refinancing can shave years off your loan and help you pay off your home faster. When you refinance your home, your loan amount can be whatever you choose it to be. It can be a lower amount than what you currently owe on your home, which would require bringing in cash to close escrow. Or it... Read More

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