Why Consider a USDA Mortgage?

Why Consider a USDA Mortgage? As you’re researching different home loan options, you’ll likely come across the USDA Rural Housing Loan program, otherwise known simply as the USDA Loan. This home financing solution has a lot of attractive benefits, but it also comes with a few limitations and not everyone will qualify. In today’s post, we’ll provide a basic overview of the USDA Loan program and offer a [...]

Why Consider a USDA Mortgage?2017-08-09T19:54:34+00:00

Buying a Home With Little to No Money Down in Mendocino County

Buying a Home With Little to No Money Down in Mendocino County Buying a home is likely the single biggest purchase you'll make in your lifetime. And with Zillow reporting the median home price at $519,500 in Mendocino County, coming up with a sizable down payment can be a challenge - especially for first time buyers. Fortunately, Empower Capital Group has a variety of low and zero money down home loan solutions for qualified [...]

Buying a Home With Little to No Money Down in Mendocino County2017-08-09T19:54:35+00:00

When does getting a cash out refinance make sense?

When does getting a cash out refinance make sense?  For homeowners who have built up a substantial amount of equity, and could use some cash to help pay for large expenses, a cash out refinance may be an ideal solution. However, cash out refinancing doesn’t make sense in every situation and shouldn’t be used on a whim. In today’s post, we’ll cover the basics of cash out refinancing, as [...]

When does getting a cash out refinance make sense?2018-05-01T03:25:27+00:00

Cash Out Refinance vs Home Equity Loan

Cash Out Refinance vs Home Equity Loan If you need money quickly and have considerable equity built up in your home, it’s possible to tap into that equity through either a cash out refinance or a home equity loan. Both options offer benefits and drawbacks. In today’s post, we’ll explore both options and compare the advantages and disadvantages to each. […]

Cash Out Refinance vs Home Equity Loan2017-08-09T19:54:35+00:00

In California, Higher Loan Amounts Do Not Always Equal Higher Interest Rates and Jumbo Pricing

In California, Higher Loan Amounts Do Not Always Equal Higher Interest Rates and Jumbo Pricing When it comes to buying a home, most people want to get a good value – they want to buy a home they love while also staying within the parameters of their budget. In a state like California, where real estate prices are notoriously high, this can be a challenge. However, there are [...]

In California, Higher Loan Amounts Do Not Always Equal Higher Interest Rates and Jumbo Pricing2017-08-09T19:54:35+00:00

Condo Buying Guide – Pros and Cons and Financing Considerations

  Condo Buying Guide – Pros and Cons and Financing Considerations Thinking of buying a condo? Owning a condominium can provide numerous benefits to a wide variety of home buyers. It can also come with a few drawbacks. Also, financing the purchase of a condo can come with a few extra hurdles to clear when compared to getting a mortgage for a traditional stand-alone house. In today’s post, we’ll [...]

Condo Buying Guide – Pros and Cons and Financing Considerations2017-08-09T19:54:35+00:00

Using the 28/36 Rule to Know What You Qualify to Borrow

Using the 28/36 Rule to Know What You Qualify to Borrow Unforeseen circumstances are just that - unforeseen and unpredictable. When applying for a mortgage loan it’s important for potential borrowers to consider that their current financial situation could change unexpectedly, and they should to be honest with themselves about how much debt they could handle if they got stuck with a too-high monthly mortgage payment. Every potential borrower needs to ask themselves [...]

Using the 28/36 Rule to Know What You Qualify to Borrow2017-08-09T19:54:35+00:00

Mortgage Options for Less Than Perfect Credit

Mortgage Options for Less-Than-Perfect Credit Perhaps the single most important aspect that affects a mortgage loan rate is the borrower's credit score. It's no secret that borrowers with high credit scores are more likely to get lower mortgage interest rates than those with low credit scores. A credit score of 740 or higher usually qualifies for the best interest rates from most lenders; however, there may be other factors that can affect a [...]

Mortgage Options for Less Than Perfect Credit2017-08-09T19:54:35+00:00

Is an Adjustable Rate Mortgage Right for You?

Is an Adjustable Rate Mortgage Right for You? An adjustable rate mortgage, or ARM, is a home loan with an interest rate that can adjust periodically, which means monthly payments can go up or down as the interest rate changes. ARMs do have some advantages over fixed rate mortgages. For example, adjustable rate mortgages may offer lower rates at the beginning of the loan term than conventional fixed rate mortgages. They may also [...]

Is an Adjustable Rate Mortgage Right for You?2017-08-09T19:54:36+00:00

Buying a Home in Sonoma County with Little to No Money Down

Buying a Home in Sonoma County with Little to No Money Down If you're looking to buy a home in Sonoma County, California but don't have the means for a large down payment, there are options that can put you on the path towards homeownership. Below we'll discuss some government backed and conventional loan programs that require 0-3.5% down. USDA Rural Housing Loans USDA Rural Housing Loans are backed by the United States Department [...]

Buying a Home in Sonoma County with Little to No Money Down2017-08-09T19:54:36+00:00