Tag Archives: California home loan

Credit Report Disputes Can Doom Home Loan Chances

  Lenders are looking at credit report disputes in a different light now and now credit report disputes can doom home loan chances .  It used to be when obtaining a California home loan and the borrower had a dispute with the creditor for whatever reason, lenders would turn their heads the other way.  Lenders didn’t feel […]

Lease To Buy Options For Real Estate Rule To Know

Pic credit to Idea go   There are some lease to buy options for real estate to know, both for consumers and people in the real estate community. With the way the economy is today, it’s more difficult to come up with a down payment to buy a property. The creative California home loan has pretty much […]

Home Vs. Rent Calculator From HUD.Gov

Pic credit to Damian Brandon If you’re anything like me you’re skeptical of someone pushing a service on you that sounds too good to be true or that you feel like you’re being pushed to buy something. Enter HUD.Gov.  They’ve created a nifty buy vs. rent caluculator where a prospective California first time homebuyer can […]

Pulling Your Credit Report BEFORE You Apply For A Loan

Pic credit to Greenphile   Pulling your credit report before you apply for a loan can avoid unwanted real estate loan surprises and nightmares.  Just simply pull your own credit reports 60 days prior to applying for a California real estate loan.  There are a myriad of things that can be misreported on your credit […]

A Tax Return Deduction That Hurts California Homebuyers.

Pic credit Arvind Balaraman                 It’s hard enough to find tax deductions these days, and everyone wants to pay less in taxes but there is a tax return deduction that hurts California homebuyers.  The problems is that lowering your taxable income or adjusted gross income, takes away from […]

FHA Loans Are Better For Recent College Grads.

Pic credit to T0zz FHA loans offer more flexible options and guidelines for a college grad who is now a prospective homebuyer looking to secure a California mortgage. If a borrower has less than a full time 2 year work history, FHA will allow school attendance history toward the 2 year work history.  So if […]

What is a Lender Overlay, What Does This Mean?

    In the California home loan world you may come across the term “overlay”.  An overlay ia an additional rule that a lender applies to an already existing list of guidelines associated with a specific loan program. For example, Fannie Mae guidelines say it’s o.k. that applicants can payoff credit card debt to help […]

Gift Funds Have Rules for California Home Loans

  When qualifying for a California home loan gift funds and their rules are coming into play these days more often. A gift, when it comes to real estate lending is quite simple.  A gift is a sum of money that is given to a home loan applicant preferrabley by a blood relative, for the […]

California First Time Home Buyer Things To Know

I see home buyers go through a cycle of emotions when buying a home in and securing a California mortgage, but here’s some things a California first time homebuyer should know. It’s initially exciting to buy a home. Than it’s nervous time when qualifying for a California home loan. Than anxiety can happen due to […]