Emerging from the bust, Fresno housing market is healthiest nationwide

Posted January 7, 2016

Fresno is starting the year off with the healthiest housing market in the country, a few years after being in the deepest real estate hole. A 3.38 percent jump in applications for home purchases and a small boost, 0.61 percent, in employment has helped keep Fresno at the top of mortgage giant Freddie Mac’s Multi-Indicator…Continue Reading

How Much Mortgage Can I Afford?

Posted June 3, 2015

When you buy a home, the amount you can spend depends on how much you have in cash to use for a down payment and how much you can borrow. A mortgage lender can prequalify you for a loan, which essentially means the lender will ask you a few questions about your income, credit profile…Continue Reading

Why Mortgage Rates Are Not All Created Equal

Posted January 8, 2013

Purchasing a home or refinancing a mortgage? Now is a fantastic time to consider applying for a home loan. Mortgage rates are at market lows and affordability has never been more opportunistic. The question everybody asks when getting a mortgage is “what is your rate?” While the mortgage interest rate is certainly important, a better…Continue Reading

Walking Away From Mortgages Can Be Costly

Posted December 6, 2012

Strategic default, the questionable practice of walking away from a mortgage that no longer makes economic sense from an equity point of view, would be an acceptable option to 68 million Americans. That’s 32 percent of those old enough to carry a mortgage in the United States, according to a recent survey by California-based ID…Continue Reading

New Mortgage Lending Standards by 2013

Posted November 13, 2012

As most people in the mortgage lending industry well know, the Dodd-Frank and the Consumer Protection Act have made it even more difficult for consumers to obtain loans by trying to “protect” them. By placing new and expensive regulatory requirements on mortgage lenders, many mortgage companies have closed up shop. The new Act has also…Continue Reading