Mortgage Matters

Underwater Borrowers Catch a Break

Your neighbors are saving money! Even though there are foreclosure sales in your neighborhood driving down home values, don’t give up hope. Here are profiles of four local families who managed to refinance their “underwater” mor.. Read More

Keeping Important Paperwork

Until we enter the age of the “paperless mortgage”, buying a home can include a mountain of paperwork. Much of the forms used are boilerplate forms and can be shredded after the close of escrow. But what are the most important documen.. Read More

How Hard Is It To Get a Mortgage Without an Appraisal?

A great question came in last week. Someone asked, “How hard is it to get a mortgage without an appraisal?” Maybe the answers will surprise you, since there are actually several options out there. You’d think that in b.. Read More

Can I Afford to Buy a House?

“You can’t fall out of the basement.” Wise words spoken, and they might well apply today. Low mortgage rates, low home prices. If you’re still wondering if you can afford to buy a home, here are some examples to conside.. Read More

Rates Are Down! (Or Are They Up?!)

Everybody in America is caught up in the housing market, whether they like it or not. Newscasters routinely read scripts trying to update consumers on where interest rates or housing prices are at the moment. Problem is, they’re reporting.. Read More

USDA Rural Development Guaranteed Home Loan Program Update

We’ve been on alert that the Tehachapi area may no longer be eligible for 100-percent financing under the USDA Rural Development Guaranteed home loan program. Recently I actually spoke with the Tulare rep for USDA Rural Developmen.. Read More

Keep Your Credit to Yourself

When you’ve gone to the trouble of establishing good credit, it’s only natural that you want to help others do the same. It might feel like a moral obligation, but there is a right way and a wrong way to do it. What makes a .. Read More