Financing Information

Latest from Debora

What's the Difference Between a Loan Contingency & an Appraisal Contingency?

There are a few contingencies that are listed on the California Purchase Agreement. They can be a bit confusing so today we'll focus on...

Getting Ready for Your Tax Prep? Don't Forget Your Closing Statement!

If you bought, sold or refinanced a home in 2022, make sure pull to your Closing Statement for tax preparation. It contains all the...

An Interest Rate Update.....

Interest rates have been climbing again this month so it's always interesting to take a look at long term trends to try and put things in...

Rising Interest Rates....It's All Relative!

Interest rates just hit their highest weekly average since 2008 but relatively speaking....they are still far below historic numbers. Can...

The First Steps Towards Buying A Home... Find Professionals and Get Pre-approved!

Before searching for your new home, you'll want to do the following: Choose two professionals: Find a Realtor® that can help you navigate...

The History of US Interest Rates

Interest rates have started to climb and with each 25 basis point increase, affordability for home owners will be impacted. Everyone is...

Pre-qualified vs Pre-approved

If you need a loan to buy a home, your first order of business is to sit down with a lender and find out how much you can afford....

Why Own Your Own Home?

For many of us, owning our home is the "American Dream", a goal we set when we are young, and a place to put our money for long term...

Don't Forget to Budget for Expenses After You Close on Your New House!

Hooray! You've decided to buy a home, you've sat down with your loan officer and you are ready to close on the American Dream! Your...

Top Obstacles to Owning a Home

In conversations with young people, the idea of buying a home seems like a pipe dream and many give up on the idea and just focus on...

A Periodic Check of Your Credit Report is a MUST!

Credit hacks and data breaches are becoming more regular these days, so checking your credit periodically is important. Equifax, Experian...

Some Good Reminders About Wire Fraud

Here are some great reminders about wire fraud from my partners at Old Republic Title. We always advise that when you receive an email,...

California tops the list for highest leverage ratios!

We all know that buying a home in many areas of California can be a challenge. The Monterey Peninsula is no exception and this summer's...

California Wildfires - Insurance & Loans

It's been a devastating week for California as wildfires burn throughout the state. Lightning storms and in one case arson sparked some...

Jumbo Loan Requirements Are Getting Stricter!

The Pandemic has triggered tighter requirements and it's making it more difficult for some borrowers to qualify for jumbo loans. These...

Tips to Help Keep Your Credit In The Green When Applying for a Loan

Buying a house and getting a loan can be complicated so it's important be prepared. Here are some tips to help you protect your credit...

APR's Show Substantial Declines over April 2019!

Interest rates continue to remain at historic lows but some metro areas are seeing larger declines than others in their APR's....

Fannie & Freddie Allow Payment Deferral Post-Forbearance

Yesterday, Fannie Mae and Freddie Mac announced that homeowners in forbearance could request payment deferrals and add any missed...

Finding Alternatives to Manage Appraisals During COVID-19

During the Shelter in Place order in Monterey County, any house that is not completely vacant, including no furniture, can not be...

What's the Difference Between Forbearance and Deferment?

Many people who are concerned about making their mortgage payments during the COVID-19 crisis were relieved to hear that their lender...