Tuesday, April 29, 2014

A Guide to Preparing a Roseville Home Loan for Military Families

The above should catch interest of active and retired military looking to make a home purchase. For the serviceperson dedicated to their country and family, their dream home can be a reality with a VA home loan in Roseville facilitated through experts like Iron Point Mortgage.

A VA loan offers little to no down payment and can offer full coverage of the property price for home loans in Roseville. When applying for a loan, the principal applicant should submit eligibility certificates from the VA including DD214. You’ve dedicated your life in the service of the flag and country, we at Iron Point Mortgage are proud to help.


Sunday, April 27, 2014

Obtain a USDA Loan with the Help of a Sacramento Mortgage Broker

Of course, these changes are only meant to supplement the benefits that already exist; you can still use a USDA home loan to purchase or refinance a property. However, as has always been the case, refinancing must be done on your primary residence, and there is no “cash out” option. Other than that, the loan’s well-known benefits still remain: 100% financing, no asset or automatic reserve requirements, no monthly mortgage insurance, but there is an upfront funding fee to the loan as well as mall monthly fees for the life of the loan.

Interested in obtaining a USDA home loan? Get started by talking to an established Sacramento mortgage broker like Iron Point Mortgage today


Friday, April 25, 2014

Jumbo Roseville Mortgage in 2014 Less Risky, Financial Experts Say

The law has also imposed the debt-to-income ratio at 43 percent tops, meaning no more than 43 percent of your monthly gross income must go to debts including your mortgage. Piling debts have been a point of concern for many lenders. In the past several years, some borrowers ended up defaulting on hefty loans.

If you’re in the market for a high value home and need a large jumbo loan (or other real estate loan), working with a professional that can guide you to the best loan and help you get approval is a smart idea. As always, for anyone looking for a new Roseville home mortgage we are here to help.