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Monthly Archives: February 2014

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 »

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Posted by on February 17, 2014 in Home Mortgage Tips

 

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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 »

 

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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 »

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

 

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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

 

 

 

For More information please contact Dan Tharp @ 916-257-1470 or email Dan at dtharp@Guildmortgage.net

 The information contained in this training has been prepared and distributed for educational purposes only.  This training information shall not be construed as a guarantee of loan approval; All loans are subject to underwriter approval.

 
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Posted by on February 12, 2014 in Federal Reserve

 

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