Do you live in California and are trying to buy your first home? Did you know that there are California First-Time Home Buyer Programs available? These programs are run by CalHFA. You do not apply for the loan directly through CalHFA. Instead, you apply with a CalHFA approved lender.Compare Read more
Archives for May 2018
Making Home Improvements With FHA Title 1 Loans
Your home needs improvements, but you don’t have the cash lying around to make it happen. If you don’t have equity in your home, you might think you are out of luck. No lender will provide you with a home equity loan without adequate equity. There’s one more option, though, FHA Title 1 loans. These Read more
Can you Take Over Someone’s Mortgage if It’s Assumable?
Does taking over someone’s mortgage seem easier than getting your own mortgage? You might be in for a little surprise. Today, an assumable mortgage still requires approval, just like you would need if you took out your own mortgage.Looking for Current Mortgage Interest Rates? Click Read more
What is a Subordination Agreement in Real Estate?
Are you trying to refinance your mortgage, but were told that you need a subordination agreement first? If so, that means you have two mortgages on your property. If you refinance the first mortgage, it can put the second mortgage in first lien position. That leaves the new 1st mortgage lender in Read more
What is Considered a Good Credit Score?
Your credit score can make or break your ability to get a loan. So what do lenders consider a ‘good credit score?’ It can vary by lender, but on average, most lenders consider scores over 700 good. Of course, the higher your credit score the better off you’ll be. While rare, some people do have Read more
