Mortgage Update

Looking to Buy a Home with Family or Friends? Here’s How… Buying property in the Bay Area often requires a “team” approach: parents, siblings and friends all pooling resources. What do you need to know to successfully navigate a mortgage in these situations? How can you plan for unexpected changes in your “team” after you […]

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Advantages of the HomeReady program over FHA

FHA vs. Fannie Mae HomeReady Costs A few crucial loan characteristics on Fannie Mae’s new HomeReady loan are (surprisingly) better than those offered on the FHA-insured loan from a cost perspective. In case you’re unfamiliar, HomeReady is Fannie Mae’s affordable, low down payment mortgage product designed for creditworthy low-to-moderate-income borrowers, with expanded eligibility for financing […]

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Feds Meet. Rates Rise. Time to Buy!

by Todd Galde, Sr. Mortgage Advisor In the Bay Area, owning a home is still less expensive than renting. Unless you’ve been sleeping under a rock this week (my apologies if you are this beta fish) you know by now that the Feds announced their decision to increase the Fed Funds Rate by .25%, the […]

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