The “Buy Before You Sell” Program

by Irene Moustakas | Nov 28, 2023 | Industry News, Loan Programs and Products

I have mentioned the Buy Before You Sell program in a previous blog that reviews options homeowners may have in purchasing a new home prior to selling their existing. This program is one of those options, and I would like to delve into it a little more. It may not...

A 1% Down Payment Loan is Now Available (!)

by Irene Moustakas | Oct 25, 2023 | Industry News, Loan Programs and Products

Have you heard about the 1% down loan offered by Rocket Mortgage? Well, it’s available! It may be a little prohibitive in California considering real estate prices are higher than the national average, but there may be pockets where it’s possible. The loan program is...

Loan Options for Self-Employed Individuals

by Irene Moustakas | Oct 10, 2023 | Loan Programs and Products

It can be quite frustrating if you do not qualify for a traditional loan due to how you file your tax returns. If you are a salaried employee, your income is calculated based on your gross, but when you are self-employed, your income is calculated based on your net....

Financing Options for Buying a New Home Prior to Selling Your Current

by Irene Moustakas | Mar 20, 2023 | Loan Programs and Products, Tips, Uncategorized

Originally published March 20, 2023 – Updated January 2026.  Market conditions and lending programs change frequently – this article reflects current strategies. Buying a new home before selling your current one is a very common goal. The primary motivation is...

A Home Equity Line of Credit (HELOC) versus a Home Equity Loan (HELOAN)

by Irene Moustakas | Dec 20, 2022 | Featured, Loan Programs and Products

If you need to tap into your home equity and you have secured an interest rate in the 2% and 3% range of yesteryear, then it would be quite difficult to relinquish that amazing rate by doing a cash-out refinance on your 1st mortgage. Your alternative option to access...

Did You Know? New Loan Product Available!

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...