Tag Archive for: financing

Barns, Farms, Sloping Floors, Litigation and More! Financeable? It Depends

I refinanced a 12-acre estate in Sonoma County in CA years ago. The owner insisted it was 100% residential with no commercial interests – but, when I showed up, he had a huge sign over his barn advertising his drywall and plaster firm, he had work trucks and industrial supplies all over the lot, and he had a prominent winegrape harvesting company on site, harvesting his 8 acres of cabernet grapes.Read More

Covering Appraisal Shortfalls

Whenever the market heats up like this, particularly in the springtime, appraisals invariably come in low. This is simply because there are often no closed comparable sales (comps) that even […]Read More

Bridge Loans; Buying Before Selling – Best Financing Option

BUYING BEFORE SELLING Sellers often want to buy a new home before selling their current residence for a variety of reasons. They might want more time to move, more time […]Read More

When Character Doesn’t Count – Lending in 2017

There may be murderers and bank robbers with 800 credit scores who are eligible for the best mortgage financing available. This is b/c financing is available for anyone who can […]Read More

Loans Greater Than $417,000 Require 10% Down or FHA with 3.5% Down

Financing for loans less than $417,000 can be obtained with as little as 3% down (or even less with Homebuyer’s Assistance Programs). For loan amounts over $417,000 and up to […]Read More

When VA /FHA Clearly Stronger Than Conventional? Large Down

We often have buyers willing to take VA or FHA financing even though they have substantial funds for down payments. The reason is that they are often bidding on properties […]Read More

Bridge Loans – What, When, and Why?

Bridge loans are temporary financing against a property that a borrower will likely sell. In other words, if a buyer wants to buy a new home before selling his departing residence or existing home, he can get temporary financing against his departing residence to help finance his new home.Read More