As of April of this year, 30 year fixed mortgages are averaging 4.5%, up from 4% at the beginning of the year. Predictions are that we will end 2018 around 5%. And while we all miss the 3.5 to 3.875% we enjoyed in most of 2015 and 2016, we are still in a low interest […]
Tag: purchase
Mission Possible: VA Success in San Francisco
If you’re a home buyer in San Francisco and you’re working with a lender, you are already looking at an uphill battle. In a market where many homes sell to all-cash offers, buyers who need loans to close feel forced to make offers with accelerated closing time frames that feature no appraisal or loan contingency […]
Tips for New Homebuyers Considering Entering the Market
Stay Organized Finding the right home can feel like a daunting endeavor, but staying organized can help the process go as smooth as possible. Having the right documents prepared and ready to go can save you from wasted time and unnecessary headache. In most cases, to get pre-approved for a mortgage you will need: proof […]
Reasons to Consider an Adjustable Rate Mortgage
They say that ignorance is bliss, but when it comes to mortgages, what you don’t know can hurt you. With rising interest rates, many borrowers will be offered an Adjustable Rate Mortgage (ARM) in order to keep mortgage payments more affordable. An ARM may be the right approach to being able to purchase a home, […]
Renovation Lending – In Case You are Wondering…
Ever find yourself wishing your 2 bedroom, 1 bath house could become a 3 bedroom, 2 bath house? Or have you imagined remodeling your kitchen and extending that ground floor back into your deep lot? Maybe the house you bought 6 years ago is a tight squeeze now that your toddler is mobile and curious, […]
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 […]