Question of the week: Should we refinance? Answer: A semi-follow up to the Question of the Week from last Friday (if now is a good time to pull cash out from home for use later), and our most popular question for the last several weeks. And those who are regular readers of the Weekly Rate […]
It’s that time of year, our 6TH Annual Flag Collection and Retirement will take place TONIGHT!! Question of the week: With rates so low we should we take out some cash with a new mortgage now for use later? Answer: This has been a popular question lately and as with many Questions of the Week […]
Question of the week: We had a short sale on a previous home, can we get a new loan? Answer: Yes, but it is not “if” you can get a new mortgage but “when.” Provided you otherwise qualify for the mortgage with income, credit and asset verification, a prior short sale does not preclude you […]
It’s that time of year, our 5th Annual Flag Collection and Retirement will take place on Friday July1st! Question of the week: What impact does the Brexit vote have on mortgages? Answer: Kicking myself a bit as I should have had this question ready to go with a reply and save some time this Friday […]
It’s that time of year, our 5th Annual Flag Collection and Retirement will take place on Friday July1st! Question of the week: We are thinking about putting in solar panels and a contractor is pressuring us to use the HERO program, what do you think? Answer: I think putting in solar panels could be a […]
It’s that time of year, our 5th Annual Flag Collection and Retirement will take place on Friday July1st! Question of the week: Can rates get any lower? Answer: Maybe. Rates are currently near their all-time lows seen in 2012. Can the conforming rate hit the 3.125% we experienced for eight straight weeks and thirteen of […]
Question of the week: How much down payment do we need, can we borrow it? Answer: Depends and depends. The amount of down payment you need to purchase your new home depends on many factors, what type of loan you are using, what is the price of the home you are buying, what is the […]
Question of the week: We are looking at purchasing a property with solar panels, are there any concerns we should have? Answer: This is a question I answered early last summer and friend and local real estate agent Julaine suggested I cover it again. Good idea Julaine, for those who missed last summer’s review of […]
Question of the week: Can my mom payoff my car so I qualify for a mortgage? Answer: Yes. But….. It is not uncommon for us to have a client pay down or off a debt in order to qualify for the loan to purchase their new home. For installment loans, like auto loans, the entire […]
Question of the week: What is escrow? Answer: Last week we answered why you need title insurance which helped a lot of families looking to purchase their first home. This week’s question is the follow up from a first time buyer who is uncertain as to the purpose of the escrow company. Dictionary.com defines escrow […]
