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Tag Archives | First-Time Home Buyer

Temecula First Time Home Buyer Programs

Temecula First Time Home Buyer Assistance Programs

Temecula First Time Home Buyer (FTHB) assistance loan programs do exist and funds are still available for home buyers in the city of Temecula, CA and surrounding communities. In fact, if you meet the minimum credit score requirement, and your qualifying income doesn’t exceed the income limit, some home buyer assistance programs DON’T even require [...]

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Military Home Buyer Tax Credit

$8000 Home Buyer Tax Credit Extended for Military Combined with a No Down Payment VA Home Loan…WOW!

California’s military Armed Forces received an extension for both the $8000 first time home buyer and $6500 repeat/move-up home buyer tax credit. Combine this with a VA $0 down payment home loan and the you could purchase a home with literally nothing out of pocket.

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Seven Things Your Agent Should Know About Your Mortgage Approval

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA [...]

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Ten Credit Do’s and Don’ts To Consider Prior To Getting Your Mortgage Loan Funded

How can a fully approved loan get denied for funding after the borrower has signed loan docs? Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan.

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How Much Can I Afford?

How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow. In other words, what makes for a comfortable long-term [...]

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Where Does My Earnest Money Go?

Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money – an earnest payment (sometimes called earnest money or simply earnest, or alternatively a [...]

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Renting vs Buying A Home

Buying a home versus renting is a big decision that takes careful consideration. While there are several biased sources that can make arguments for or against owning a home, we’ve found that most home buyers base their ultimate decision on emotion. Yes, there are some tax advantages of owning real estate, as well as the [...]

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