by Irene Moustakas | Jul 16, 2019 | Uncategorized
It’s very important to assess the cost of buying and refinancing. Fees depend on the purchase price and on the loan amount. Since total cost on a purchase depends on the city and county you are buying in, as well as what is negotiated with the seller, I will do a...
by Irene Moustakas | Jul 9, 2019 | Uncategorized
From a loan-perspective, here are some lender rules and qualifications to consider when you’re buying a rental property. Taxes and write-offs are a completely different aspect you need to consider as well, but speak to your tax advisor about this in order to make the...
by Irene Moustakas | Dec 17, 2018 | Industry News, Uncategorized
Minimum down payment requirements on loans may have changed a little since my last update, so I wanted to review again. The interest rate you qualify for can be quite sensitive to the amount you have down (as well as credit score plus some other factors), but to...
by Irene Moustakas | Nov 28, 2018 | Industry News
I am so excited that loan limits will be increasing in 2019! The conforming loan limit will be $484,350 and high balance loan limit for the highest-cost areas will be $726,525. Anything greater than this amount is considered Jumbo. This is extremely helpful because...
by Irene Moustakas | Nov 26, 2018 | Loan Programs and Products
When you hear that Interest-Only loans may be making a little bit of a comeback, what is your initial reaction? Is it concern about the housing bubble bursting? Consumers making extremely misinformed decisions? If that is the case, I am sure your opinion is based on...
by Irene Moustakas | Sep 26, 2018 | Loan Programs and Products
Many homeowners have reached out to me the past few months asking how best to to tap into their home’s equity and get a cash out loan. The reasons are multiple, but they are usually for one of the following reasons: home improvement projects pay off debt to use the...
by Irene Moustakas | May 29, 2018 | Uncategorized
I have updated my First Time Homebuyer e-book with current and updated information. Check it out, and feel free to share it as a resource! Financing Your First Home Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new...
by Irene Moustakas | Mar 28, 2018 | Featured, Industry News
Cryptocurrency is becoming more prevalent in the marketplace, and more people are hoping to use it as proof of an established asset they own to be used for down payment, closing costs or reserves. However, at present, lenders and underwriters consider it unchartered...
by Irene Moustakas | Jan 11, 2018 | Featured, Industry News
Increased rental and housing prices have created a crisis in California, so the “Affordable Housing Fee” (Senate Bill 2) was passed last year, and is in effect as of January 1, 2018. This bill creates a funding source for affordable housing, collected through...
by Irene Moustakas | Dec 13, 2017 | Featured, Tips
The first step you should take if you are considering buying a home is to have a mortgage professional help you determine how much you will qualify for. To follow are the typical steps and explanations that I go through with my clients. I will provide a sample...