USDA Loan Income Limits and Requirements – Calculating Eligibility

USDA Loan Income Limits and Requirements – Calculating Eligibility If your family is shopping for a new home loan, there are several federal loan programs that you may want to look into. One loan program that has become increasingly popular over the years is the Single Family Housing Guaranteed Loan Program, more commonly known as …

Investing in Northern California Real Estate Vs the Stock Market

Investing in Northern California Real Estate Vs. the Stock Market A little while ago a team combining the think tanks of the University of California, the German Central Bank, and the University of Bonn worked on answering the question of which asset gave a better return over the last 145 years: real estate or stock …

What is the Difference Between a HECM Loan and a Reverse Mortgage?

What is the Difference Between a HECM Loan and a Reverse Mortgage? The Home Equity Conversion Mortgage is offered to those over age 62 amid a plethora of multiple tools that take on the name of reverse mortgage and similar. So it’s easy to understand how folks can be easily confused. Even experienced finance folks …

What are Common Household Budget Percentages Across Various Expenditures?

What are the Most Common Household Budget Percentages? Following a budget is like a combination of financial roadmap and peace of mind. By taking charge of how and where to spend your money, you enable yourself to control your money, rather than your money controlling you. Knowing how much money to allocate for certain expenses …

How Much Down Payment Is Generally Needed to Buy Your First Home?

How Much Down Payment is Needed for First Time Home Buyers? Unlike other countries where living in apartment, flat or rental, may be the norm, the American Dream is constructed around homeownership. This is no accident; everything from our tax structure to societal expectations define achievement with buying a home. So at some point almost …

An Exploration of Down Payment Assistance Programs for FHA Loans

Exploring FHA Loan Down Payment Assistance Programs Given the rising prices of homes in 2018, the availability of down payment assistance programs is being researched more widely every day. More and more full-time working folks are pursuing every avenue possible to get into a home, and every purchasing edge is being considered. California is at …

What Fees and Service Charges Are Associated with a Reverse Mortgage?

Let’s Break it Down: The Reality of Reverse Mortgage Fees & Charges Simply engaging in a reverse mortgage is never just about the loan. There is a whole package of fees and charges that go along with any kind of real estate financing, from the opening stage all the way to the final paperwork and …