Happy Holidays! Last week we saw a large move in the mortgage market, giving us rates we have not seen in a bit. Some relief! Also, HELOCS are becoming a popular option for debt consolidation, improvements, etc.
$500m has been appropriated for this program. It will go fast!
Quick overview of the CALHFA option. Please inquire for more information.
Looking at your numbers is important, we like to use Mortgage Coach as a great presentation tool for new clients.
Preapproval is an important step in the process. Preparing you for what to expect, and making sure you qualify for what you are offering on.
Your credit score is a major function of your qualifications. Understand what goes into making your credit score.
What does the document review process entail? How and why is this an important step to take care of?
A great point to be in the process, clear to close! What to expect and what makes this achievement significant.
Underwriting is where you paperwork is reviewed and analyzed per guidelines with your specific loan program. Understand this process in great detail.
What are the primary differences between a broker and a bank when shopping for a mortgage?
Stay up to date on Fannie and Freddie adjustments to 2nd homes and high balance loans.