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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10 Common Refinance Misconceptions – FMZ talks to HSH.com.

Faramarz Moeen-ZIai, SVP of National Sales & Production here at Commerce Home Mortgage speaks to Michele Lerner at HSH.com a few weeks ago about the most common refinance misconceptions. Evolving regulations and occasional horror stories of traumatic mortgage transactions add confusion to the perception of refinancing. Misconceptions about refinancing are not surprising when you consider that most […]

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