The Best Month to Buy Your Next Home

Want a discount on your next home purchase? Now is the time to get pre-approved and start your home search if you want the best deal.  According to recently released data, along with real estate agents consensus, the best month to buy is right around the corner. RealtyTrac analyzed more than 32 million sales of single family homes and condos since 2000, and we found that the month where buyers have gotten the best deal on average is October. Of the 2.7 million sales closed in October over the last 15 years, the…continue reading →

8 Blunders That Will Absolutely Spoil Your Mortgage Approval

  A lot of unhappy faces project through the conference call. Would-be homebuyers, real estate agents, title & escrow and a mortgage team - they all invested something. Whether it be time, money or both; watching a home purchase explode days before closing is painful. It’s also expensive for the potential homebuyer and can be a setback that pushes a potential home purchase into next home buying season or beyond. It can almost always be avoided too. Get PreApproved For a Home Purchase It all starts with a great team. Choose your mortgage…continue reading →

[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 →

4 Things That Will Make Home Financing More Difficult in 2014

If you thought lending environment in 2013 was tough, think again. 2014 promises to get worse. Whether you are buying a new home or refinancing your current one, getting a mortgage will be stricter and more expensive. Lets take a look at top 4 changes taking place in 2014 that promises to make life more difficult for you: Qualified Mortgage (QM) Rule - Qualified Mortgage (QM) rule, also called Ability To Repay rule is part of implementing the Dodd-Frank act. QM rule implemented by Consumer Financial Protection Bureau (CFPB), is the first ever…continue reading →

[Infographic] The Ultimate Guide To Home Insurance

Home insurance is a $70 billion industry. According to a recent report, 95 percent of homes in the U.S. are insured. There are a number of benefits associated with home insurance. For homeowners, having a home insurance policy means being able to recover from financial blows that often arise as a result of natural disaster home damage, theft, accidental fires, and other unexpected home-related crises. Finding the right home insurance is an important part of being a homeowner. To help you make the right decision, we put together an ultimate guide to home…continue reading →

Bay Area First Time Home Buyer Seminar At ICC, Milpitas, CA

If you are thinking of buying your first home in the Bay Area, you don't want to miss this free event. I am leading a panel discussion titled - "How to buy your first home in the Bay Area". The seminar is on October 27th, 2013 at 3:00 PM. The event is hosted by India Community Center, 525 Los Coches St, Milpitas. You do not need to be a member to attend. The panel will consist of a Mortgage Lender (Me), Real Estate Agent and a Financial Planner. The goal is to educate…continue reading →

Home Owner’s Insurance: Why you should and need to get one

Most lenders will require that you have homeowners insurance in place before the closing. This is also be called hazard insurance because it covers natural disasters like fire and storms, and theft. Why do you need insurance for a house? The lender won't fund the loan on a property that isn't insured, and the lender will often require certain types of insurance and at a specific financial level (usually at least the amount of cost of replacement) to make sure they won't lose their money in the event of a disaster. Depending on…continue reading →