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[Infographic] The Art and Science of Home Appraisals

On your path to home ownership, finding your dream home is just the start. You need to make sure the loan process goes smoothly and you are able to close your escrow on time. Often, something goes awry and its not uncommon for that "something" to be appraisal. The below infographic goes into the art and science behind home appraisals. We end with giving you inputs on how you can impact the appraisal positively.continue reading →

3 Secrets about PMI Your Mortgage Lender is Not Telling You

What if knowing three simple facts could save you thousands and help you ensure your mortgage is in the hands of a true mortgage pro? Valuable info, right? Good, because by the end of this post you will know those facts and be armed with some specific questions you can ask your mortgage lender that are designed to separate a talented loan officer from run-of-the-mill paper pusher. Get a Live Mortgage Quote What is Private Mortgage Insurance? Private Mortgage Insurance (PMI), is a tool used to protect mortgage lenders' against loss on loans…continue reading →

How to Eliminate Your FHA and Conventional Mortgage Insurance

You have studied your mortgage payment, looking for ways to reduce that monthly number, and one thing keeps jumping out - mortgage insurance. You knew you'd have to pay it when you put less than 20% down, but it's been on that statement every single month for a couple years now. Surely you have paid enough, right? After all, that mortgage insurance is there to protect the bank in case you defaulted and you have made every single payment on time. Your house has also increased in value, you purchased at the bottom…continue reading →

Real Cost For First Time Buyers [Infographic]

Let's be honest: the recession that hit the U.S economy only a few years ago hit us all pretty hard. This truth is especially evident for the generation of young adults who recently graduated from colleges across the country-many of whom left their schools with unimaginable amounts of debt and few jobs available to them to take advantage of. As a result of the recession, the U.S. has seen a significant increase in the amount of young adults moving back home to live with their parents after graduation. But despite these facts, very…continue reading →

Mortgage Rates Spike On Janet Yellen’s Testimony

After trending lower for most part of 2014, mortgage rates have started edging up. Janet Yellen's first testimony to the Congress as the new Fed Chairperson was the trigger behind the mortgage backed securities (MBS) rout. When MBS go down in price, mortgage rates go up. Yellen made it clear that she would continue the policies seen from Bernanke. She provided an upbeat assessment of the economy and said that recent weak data and turmoil in emerging markets did not change the economic outlook. Her comments suggested that the Fed will continue scaling…continue reading →

6 Silicon Valley Schools Rank In The Top 25 High Schools In the Country

There is a reason why Silicon Valley is one of the hottest real estate markets in the country. Home to top tech companies, coolest start-ups, thriving job market, and 300 days of sunshine each year - its not hard to think why! But there is one other reason too - top schools. Silicon Valley boasts of some of the best schools in the country, proven yet again when 6 Silicon Valley High Schools ranked in the top 25 in the country. Take a look at the top Silicon Valley high schools: Ranked #2…continue reading →

7 Reasons Why You Should Refinance Now, Even If You Think You Can’t

If your rates are below the current market rate and you thought you couldn't refinance - think again. There are several reasons to refinance. In some cases, even if you get rates higher than your current rates you could still end up saving a ton of cash. Stay with me and you will find out how. Below are 7 reasons why you should refinance. Whatever your current situation is, chances are you can find at least one reason for your benefit. Move to a Shorter Term: I wrote a blog post sometime back…continue reading →

[Infographic] How To Spot The Best Rental Market

Unlike the real lottery, hitting the rental property jackpot requires experience, knowledge, and skill. You need to know exactly what to look for and where to look for it. Without both of these factors you can easily find yourself buying a rental property sinkhole. We've put together a collection of facts and tips to help you avoid the pre-mentioned rental property disaster. Below you'll find stats on some of the most popular markets, do's and don't s for purchasing rental properties and tips on how to successfully navigate the purchasing process.continue reading →

Qualifying for a Mortgage On EAD and H1B, L or O Work Visas in 2021

If you are a non-permanent resident on a valid work permit like H1B, L1A, L1B or O Visa or an Employment Authorization Document (EAD), you need to be aware of few mortgage guidelines to qualify for Conventional or FHA loan. The following base qualification is required: 2 years of employment history in the US (In some cases employment history in a foreign country may be combined, especially if working for the same organization) 2 years of credit history in the US (In some cases, a foreign credit history may be combined, especially from…continue reading →

Mortgage Pre Approval Process to Get the Pre Approval Letter

Whether you are a first-time home buyer, looking to buy a second home or an investment property, the first step is to understand the mortgage pre approval process so that you can get a pre approval letter. What is a pre-approval? The mortgage pre-approval process is where a lender reviews your income, employment, credit, and assets. After reviewing the credit qualifications, the lender will issue a pre-approval letter mentioning how much home loan you might qualify for. Why should I get pre-approved? There are several reasons: You will know how much loan you…continue reading →

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