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This ARTICLE On Housing Starts Decrease In July But Permit Numbers Increase Was PUBLISHED On August 23rd, 2019 Housing Starts Decrease In July 2019 which sent mixed signals to real estate and mortgage industry analysts and experts. Data released earlier this week showed that new construction of homes dropped 4% in the month of July…
In this article, we will cover and discuss how the FED interest rate freeze affecting the booming housing market. The news of the FED Interest Rate Freeze on March 20th, 2109 surprised many. The FED Interest Rate Freeze comes weeks after the news of the FED Leaving Interest Rates Unchanged For the First Quarter of…
USDA loans allow eligible homebuyers to purchase a primary residence without a down payment in designated rural and suburban areas. Supported by the USDA, this loan program is designed for individuals with low- to moderate-income. To be eligible, you must adhere to the USDA loan guidelines, which encompass specific income, property, credit, and occupancy requirements…
Placer County California is one of the most desirable places to buy a home in Northern California. From Roseville and Rocklin to Lincoln, Auburn, Loomis, Colfax, and Granite Bay, the county offers a strong mix of suburban neighborhoods, good schools, scenic foothill communities, shopping, parks, outdoor recreation, and access to the Sacramento region. For many…
The Federal Housing Administration (FHA), a segment of the United States Department of Housing and Urban Development, was established in 1934. Its primary mission is to foster homeownership among Americans, particularly those with moderate incomes, less-than-perfect credit, and minimal down payments. The FHA plays a vital role not as a lender but as a government-sponsored…
Recourse and non-recourse loans are types of financing that determine what a lender can do if a borrower defaults. The biggest difference is personal liability. With a recourse loan, the lender may pursue the borrower personally if the collateral does not fully cover the debt. With a non-recourse loan, the lender is generally limited to…
Many buyers want to buy a house with cash and refinance later because a cash offer can be stronger than an offer with mortgage financing. In a tough housing market, sellers usually prefer cash buyers because the closing process goes more quickly, there are fewer conditions to worry about, and there’s less chance the mortgage…
What is Clear-To-Close on FHA Loans? This guide covers what a clear-to-close on FHA loans means. What does a clear-to-close on FHA loans mean for borrowers? A clear-to-close is the final step of the mortgage process before the home closes. The mortgage underwriter is the person who signs off on the clear-to-close. Clear to close…
VA Loans During Chapter 7 versus 13 Bankruptcy Blocks: A Veteran’s Mortgage Approval Guide In this blog, we will cover and discuss the agency mortgage guidelines from the U.S. Department of Veterans Affairs for qualifying for VA loans during Chapter 7 versus 13 Bankruptcy. For those who fell victim to our country’s economic collapse and…
Clearing Underwriters Conditions To Submit For Clear To Close In this guide, we address underwriters conditions to pave the way for a clear-to-close submission. Whether individuals seek approval for a home purchase mortgage loan or aim to refinance, the approval procedures remain consistent. Please submit all the required underwriting conditions to avoid delays during the…
FHA and VA Amendatory Clause (2026 Guide) This guide deep dives into the significance of the FHA and VA Amendatory Clause. We will explore the implications of these clauses for borrowers and underscore their crucial role in the loan process. John Strange, a senior mortgage loan originator at Gustan Cho Associates says the following about…
What is Required On A Non-Occupying Co-Borrower For A Mortgage? When it comes to getting home loans, buyers sometimes need extra support to qualify for their dream home. This is exactly when bringing in a non-occupying co-borrower can make a huge difference. When thinking about what is required on a non-occupying co-borrower, it’s important to…
Property taxes can be one of the highest ongoing costs of owning a home. When your home is assessed too high, your annual tax bill can increase even if your property would not realistically sell for that amount in today’s market. That is why many homeowners look into a property tax appeal. A property tax…
If you want to rent a room in your home, there are several important things to consider before you bring in a tenant. Renting out a room can create extra monthly income, but it also comes with responsibilities that many homeowners overlook at first. Before you move forward, make sure you understand your local laws,…
Private Money Lender in Real Estate: An Introduction This guide covers how to become a private money lender for real estate investors. We will also cover good opportunities to lend private money as well as what constitutes a good opportunity to lend. Become a private money lender in real estate. Understand private lending, crucial risks,…
This guide cover how long is a pre-approval valid when shopping for a home. A pre-approval letter is a ticket for homebuyers to go and enter into a real estate purchase contract and the transaction is likely to close. A pre-approval letter is not a guarantee that the mortgage loan application is guaranteed a residential…
Can you buy a house with bad credit? Absolutely, you can buy a house with bad credit. A low credit score does not automatically stop you from qualifying for a mortgage. Many homebuyers are surprised to learn that loan programs like FHA, VA, USDA, and some non-QM mortgages may still be available even with past…
When comparing 15-year vs 30-year FHA loans, the right choice comes down to one simple question: do you want the lowest monthly payment possible, or do you want to pay off your home faster and save more on interest over time? Both loan options are backed by the Federal Housing Administration, but they work very…
When buying a condo, it’s important to consider that not all condos offer the same financing options. Some condos are classified as non-warrantable, making getting a mortgage more challenging. But don’t worry! In this updated guide for 2024, we’ll break down everything you need to know about non-warrantable condos, the mortgage options available, and what…
Bridge loans for investment properties are short-term loans that help real estate investors buy, rehab, or stabilize a property before selling it or refinancing into longer-term financing. These loans are often used when speed matters, especially on fix-and-flip projects, distressed properties, vacant properties, and value-add real estate deals that may not qualify for traditional financing…
FHA Title I Loans: The Ultimate Guide for 2026 Home Improvement Projects Are you a homeowner looking to make improvements to your property but need help finding the right financing? Maybe you’ve just bought your first home and want to make some upgrades but don’t have a ton of equity built up yet. If that…
How Property Taxes Can Determine Buying Power When Buying a Home In 2026 When people are looking to buy a home, they usually pay a lot of attention to the sale price and their monthly mortgage payments. But there’s something else that can really mess with your budget: property taxes. In 2026, more buyers are…
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