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…
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Loans
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 Covid
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…
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….
Update: ICON’s Floor Plans, VIP Loan Preapproval
One of the more anticipated Market Street condo developments at 2299 Market, ICON, is now welcoming loan preapprovals for its units. Though the sales office…
Mortgage Debt Relief Act Extended Through 2013
For homeowners considering a short sale or loan modification in 2013, most of last year was a nail biter. That’s because many loan industry insiders…
The Facts Behind Credit Reports & Loans
This time of year often sees prospective home buyers start to lay some groundwork for a home purchase in the following year. And based on…
Live/Work Loft Loans: Talk to Your Lender First
You’ve just hit the open house circuit and found a great loft like the one pictured at 25 Lucerne #1 in SoMa. You want to…
Keep Your Credit Fresh
Though the real estate market has certainly rebounded this year, there are still many obstacles that can get in the way of obtaining a home…