Why You Should Work With A Local Lender On Your SF Home Purchase
Working with a local lender that knows the ins and outs of San Francisco real estate is key to having a smooth, successful transaction.
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Loans
Gain a Competitive Advantage with Delayed Purchase Financing
Taking out a loan after you pay cash for a property is a great way to get a jump on your competition, if that strategy is an option. This process is called “delayed purchase financing.”
What You’ll Need To Get Loan Preapproval
If you’re intending to purchase a property in 2021, it’s important to note what documentation you’ll need to provide to the lender in order to get loan approval.
Budget for HOA Dues During Loan Preapproval
Don’t forget to include the cost of HOA dues when you’re getting preapproved for a loan.
Give Yourself a Competitive Advantage with Up Front Loan Preapproval
One thing is for certain if you expect to write a competitive offer in the San Francisco market: You’ll want to fully preapproved for a loan…
Time To Get Your Real Estate Goals Going in 2021
Happy New Year! I am thrilled to be welcoming 2021 after such a challenging 2020. With a new year comes new goals. I’ve spent the…
Lenders Ratchet Up Requirements During Corona
Lenders are tightening their loan requirements in light of the corona chaos. Prospective home buyers are flocking to lenders in pursuit of those low interest…
Don’t Push Back on Pulling Credit
If you’re interested in figuring out what you can afford in the San Francisco real estate market, the first step is getting fully preapproved for…
Government Shutdown Hits Purchase Loans
The government shutdown is indeed having an impact on San Francisco purchase loans and transactions. Several of my colleagues around town are reporting that lenders…
Know TIC Loan Guidelines Before You Start Your Search
Tenancy-in-common (TIC) interests require what’s called fractional financing. You essentially have a loan on your interest in the property instead of sharing one loan with…
FHA Loans Lay Low in San Francisco
Buyers making purchases with FHA loans are a rarity these days in San Francisco. In the past two years, FHA loans were used by only…
What You Need To Know About Gift Funds
It’s no secret that the cost of real estate in San Francisco is high. Many first-time home buyers are turning to family—specifically, to their parents—for…
Why Your Appraisal Matters in a Home Purchase
It’s important to understand the major contingencies in a purchase agreement, and one of the most important ones is the appraisal. All lenders will require…
Don’t Let Your Loan Get Shut Down, Too
The current government shutdown is certainly having its effect on the real estate industry. The main issue seems to be lenders’ individual policies on verifying…
Interest Rates Rise, Time to Update Your Loan Preapproval
There will be plenty of buyers attending open houses this weekend, despite a predicted lack of new inventory as we head into a holiday week….