RSS

If You Miss One Mortgage Payment Will it Hurt Your Credit Rating? Yes! Here’s What to Do if You Miss One.

Can One Missed Mortgage Payment Affect Your Credit Rating? Yes! Here's What to Do if You Miss OneMost people don’t know whether or not a single missed mortgage payment can have serious consequences for their credit score. As a Sacramento Lender, it is amazing how much time we talk about credit. Most people focus on interest rates, and monthly payments, but forget about that pesky credit report.

The good news is that there are things that can be done to mitigate the damage and help anyone who has missed a payment repair their credit. What are some options to help homeowners get back in the good graces of their creditors? Read the rest of this entry »

 
Comments Off

Posted by on July 24, 2014 in Home Mortgage Tips, Mortgage Blog

 

Tags: , , , , , ,

Can I Have A Co-Signer For My Mortgage Loan?

Can I Have A Co-Signer For My Mortgage Loan?Like credit cards or car loans, some mortgages in Sacramento allow borrowers to have co-signers on the loan with them, enhancing their loan application.

However, a co-signer on a mortgage loan doesn’t have the same impact that it might on another loan. Furthermore, it poses serious drawbacks for the co-signer. Read the rest of this entry »

 
Leave a comment

Posted by on February 17, 2014 in Home Mortgage Tips

 

Tags: , , , , ,

Buy A New Home Just One Day After A Short Sale or Foreclosure? Yes, You Can!

Flex-Banner_600x315px_mockup5Comstock Mortgage, has been helping buyers into homes for over thirty years. Buyers can qualify for the Flexible Credit Home Loan Program just six months after bankruptcy – and just one day after short sale or foreclosure.

Losing your home to foreclosure or going through a short sale is one of the most disheartening experiences the modern homeowner can endure. Traditionally, a defaulted mortgage has meant years of poor credit and renting rather than buying. Read the rest of this entry »

 

Tags: , , , , , , , ,

3 Important Credit Steps Before You Make That Offer

I don't want to know!

I don’t want to know!

Thankfully, I have wonderful clients and agents who are properly educated on what to do BEFORE they get into contract to buy a new home in Sacramento. First and foremost, get yourself prequalified for a home mortgage and have your credit profile reviewed by a mortgage professional you trust, to avoid any pitfalls you may encounter when you get that accepted offer. Read the rest of this entry »

 
Leave a comment

Posted by on February 14, 2014 in Credit Scoring, Home Mortgage Tips

 

Tags: , , , , , , , , ,

When Janet Yellen Speaks, The Market Listens! Mortgage Rates higher

WE thought people only listen when E.F. Hutton speaks. Not true! Looks like Janet Yellen, the new Fed Chair can move markets too. According to the Washington Post yesterday, her optimistic assessment of the nation’s economic prospects, despite recent poor job growth, rallied the stock market. And thus, pulled money from treasuries and mortgage backed securities (MBS) causing rates to go up a bit. We will stay tuned!

CLICK ON GRAPH BELOW for a BETTER LOOK

Rates_spike_today

Dan Tharp NMLS#280913 (dtharp@Comstockmortgage.com) Phone - 916-257-1470

To contact me click here!

Meet Dan and Comstock Mortgage

Meet Dan and Comstock Mortgage

 
Leave a comment

Posted by on February 12, 2014 in Federal Reserve

 

Tags: , , , , ,

Pros And Cons Of Making Biweekly Mortgage Payments

This is for sample purposes. Call me for your analysis.

This is for sample purposes. Call me for your analysis.

Have you ever considered paying off the mortgage on your home in two biweekly payments rather than one monthly payment? It might seem like this wouldn’t make a difference, but the truth is that biweekly payments really do add up more quickly.

Since there are 52 weeks in a year you will end up making 26 payments in total – which is equal to 13 months rather than 12. This means that your mortgage will be paid off more quickly and you will save money on interest payments in the long run. Read the rest of this entry »

 
Leave a comment

Posted by on December 30, 2013 in Mortgage Tips

 

Tags: , , , , , , ,

It’s Back! Down Payment Assistance for Buyers!

breaking-newsCan you imagine buying a new home with little to nothing down? Don’t worry, this is not too good to be true, it’s a pure and simple government backed loan (FHA) with the help of our new Grant Program.

We have added this wonderful assistance program to our ever-growing arsenal of loan programs, and now I can finally spread the news! This Grant may help you take advantage of this very attractive real estate market and possibly be the difference in purchasing that home you have had your eyes on. But, with any program, it’s important to read the fine print to make sure this is something that will work for you. Read the rest of this entry »

 
Leave a comment

Posted by on December 3, 2013 in Mortgage Blog

 

Tags: , , , , , , ,

 
%d bloggers like this: