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Welcome to our site!
Thank you for stopping by our mortgage web site. Even though we have taken special care and consideration to pack this online resource with a wealth of knowledge about the mortgage and real estate process, we want y ...
Santa Rosa Mortgage Rates - Questions To Ask Your Lender
Simply checking online for today's posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication ...
My Santa Rosa House: How Much Can I Afford?
How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow. In other words, what makes for a comfortable long-term mortgage payment? The Quick Answer: If we're simply considering the financial math, lenders will calculate your Debt-to-Income ... Read More...
Four Possible Reasons To Refinance Your Santa Rosa Mortgage
A mortgage is generally the largest debt most homeowners have to manage. It's a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a ho ...
Beware of the rules of Lending, 9 of 12 Co-Signing
DON’T CO-SIGN ON ANOTHER PERSONS LOAN— Whatever you do, don’t get talked into helping your kids, your in-laws or ANYONE else with getting financing that they can’t get on their own right now.
The underwriter is going to most likely count the new debt in against YOU, even though someone el ...
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Beware of the rules of Lending, 8 of 12 Paying off Debt
DON’T PAY OFF COLLECTION ACCOUNTS OR CLOSE CREDIT CARDS -
The horrors that this can create are not pretty.
I know it may seem like the right thing to do, but this falls under the category of ’No Good Deed Goes Unpunished’. You can actually DROP your credit score substantially by payi ...
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Beware of the rules of Lending, 7 of 12 Marriage
DON’T CHANGE YOUR MARITAL STATUS- You have waited this long, so just hang on a little bit longer and don’t start that divorce filing quite yet. If you do, be prepared to jump through hoops of fire... it is possible to complete a purchase or refinance transaction during a separation, but plea ...
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Beware of the rules of Lending, 6 of 12 Maxing Out
DON’T MAX OUT OR OVERCHARGE CREDIT CARDS— One of the quickest ways to destroy your chances of getting your home loan is to go on a spending spree during the loan process. Remember we covered that this also includes just applying for new credit, another DON'T.
If you max out your credit cards, ...
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Beware of the rules of Lending, 5 of 12 Overdrafting
DON’T OVERDRAFT — I'm not talking about drafting Ryan Tannehill with the 8th overall pick either. Let's talk about nasty little subject that we call BTDs or Bank Transmitted Diseases. As much as we don't want to admit, we have all gotten lazy, had 1 too many drinks at the bar... BAM! The next ...
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Beware of the rules of Lending, 4 of 12 Shredding
DON’T SHRED YOUR PAY-STUBS & BANK STATEMENTS— I run into clients all the time who get their bank statements and pay-stubs in the mail, then they verify the information and balance their own accounts, and promptly shred the statements. There is absolutely nothing wrong with this... unless yo ...
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