Living well in retirement or the golden years is what every senior deserves. You have spent years preparing to be able to travel, spend more time with family, and do all the things you may have put off. Most likely you have invested and saved and have a well-crafted financial plan. Why is it more… Continue reading How to Live Well in Retirement
Archives: Resources
Custom post type for resources
FHA Minimum Property Standards
Understanding FHA Minimum Property Standards When you move into a home, you have every right to expect it to be safe and ready for you to inhabit. Borrowers and lenders both benefit from FHA minimum property standards. While some are pretty basic, having these spelled out sets a minimum livability standard. The FHA’s minimum property… Continue reading FHA Minimum Property Standards
8 Things You Didn’t Know About USDA Home Loans
8 Things You Didn’t Know about the USDA Home Loan USDA loans are low-interest home loans with zero down payments designed for low-income Americans who don’t qualify for traditional mortgages. You must use a USDA loan to buy a home in a designated area that covers several rural and suburban locations. 8 things you didn’t… Continue reading 8 Things You Didn’t Know About USDA Home Loans
How to Get a Mortgage if You’re Self-Employed
How to Get a Loan When You Are Self-Employed If you own your own business and are self-employed, you may be wondering how hard it is to get a mortgage. I am going to review loan program options, qualification, and requirements for self-employed borrowers. Traditional W-2 wage earners are generally able to qualify for a… Continue reading How to Get a Mortgage if You’re Self-Employed
Advantages to Buying a Duplex
Advantages to Buying a Duplex Whether you are buying your first home, or a home to get your parents closer to you, you may want to consider buying a duplex. This may sound crazy, but there are several advantages to buying a duplex, including being able to live in one side and rent out the… Continue reading Advantages to Buying a Duplex
What to do When the Appraisal Comes in Lower Then the Sales Price
WHAT DO TO WHEN THE APPRAISAL COMES IN LOWERTHEN THE SALES PRICE In today’s market it is not unusual to make an offer on a house and have the appraisal come in lower than your offer. You may be wondering what you should do, and can you even get financing for your home if the… Continue reading What to do When the Appraisal Comes in Lower Then the Sales Price
The 2-1 Buydown Strategy
2:1 Buydown Strategy is Marketed a lot –but it is a Good Idea? A “2:1 buydown strategy” is marketed heavily as a way to lower payments for a homebuyer since interest rates have jumped up. It can help sellers market their property and attract a buyer. It can help a buyer with lower payments in… Continue reading The 2-1 Buydown Strategy
Susan’s Reverse Mortgage Journey
My name is Susan West, I live here in Rio Vista with my canine companion Graeme. I’ve been here 7 years, if it wasn’t for Clay I probably wouldn’t be able to get here. The builder’s loan agent said I had the loan; I had outstanding credit, no car payment, no nothing – a great… Continue reading Susan’s Reverse Mortgage Journey
Why Refinancing Might Not Be the Best Move: Consider a HELOC or Second Loan Instead!
If you refinanced your mortgage during the low-interest-rate frenzy of 2020 or 2021, you’re probably enjoying a great rate—maybe even under 3%. With rates like that, refinancing now is likely the last thing on your mind. But if you’re carrying high-interest credit card or installment debt, it’s time to explore another option that can help:… Continue reading Why Refinancing Might Not Be the Best Move: Consider a HELOC or Second Loan Instead!