Wednesday, April 22, 2015

Sacramento Mortgage Companies want you to know what you can afford!

When looking for a mortgage in Sacramento knowing what you can afford ahead of time can be the one thing that keeps you out of foreclosure in the future. And foreclosure usually ends up costing you way more than just your home. Sometimes it will put a strain on your personal relationships, job and even your own self-esteem. Having that extra room or lot space isn’t worth losing your piece of mind. Sacramento mortgage companies like West Coast Mortgage can help you steer clear of those potential problems. Here are a few tips that will help you to truthfully examine what size home you can afford. Keeping your expenses at 28% of less of you gross income is one great way to prove to a lender that you can afford to get into a home. Usually being able to put 20% down will help to lock in the loan you want. Although it’s not mandatory, the bigger down payment you’re able to pay, the less stress you will feel in the long run.

Monday, April 20, 2015

First-time buyers need to know this when seeking a Sacramento Mortgage

Given the rocky economy of the past decade, not a lot of us are in the position of owning multiple homes. Unless you’re one of the few people who bought up a bunch of property in the early 2000’s to flip, you’re most likely a person looking to make your first purchase. Even if you’re not, keeping your mind sharp with how to choose the right mortgage broker will always serve you well. For the most part, many buyers that are currently in the market for a home are looking for more than just an investment. Now that the economy is getting somewhat back on track, most folks are wanting to get themselves into a stable situation, which includes a staying in a home for more than just a couple of years. That’s why it’s important to make sure you’re aligning yourself with reputable Sacramento mortgage lenders like West Coast Mortgage.