Posts Tagged ‘#RealEstateFinancing’
What Is an Assumable Mortgage?
What Is an Assumable Mortgage—with Stephen Palermo, Your Trusted Visalia Loan Officer If you’re considering purchasing a home, you may have heard the term “assumable mortgage.” In simple terms, an assumable mortgage allows a buyer to take over an existing mortgage from the seller, assuming the same interest rate, repayment period, and balance. Instead of…
Read MoreWhat can you use home equity loans for?
What Can You Use Home Equity Loans For? By Stephen Palermo with Gold Standard Mortgage – Your Trusted Visalia Loan Officer Home Equity loans: A Guide for Visalia Homeowners In Visalia California, homeowners have been increasingly exploring ways to leverage their home equity loan for various financial needs. As a loan officer specializing in Central…
Read MoreWhat is the Accuracy of Zestimate’s?
How accurate are the online third party Home estimates like Zestimate’s—with Stephen Palermo Mortgage calculators and online home estimates, like those from Zillow or Redfin, are popular tools for potential homebuyers. These calculators give quick, rough estimates of monthly payments or property values, but what is the accuracy of Zestimate’s? As your trusted Visalia loan…
Read MoreWhat is a Debt Service Coverage Ratio (DSCR) Loan
What Is a DSCR Loan?—with Stephen Palermo To begin with, DSCR stands for Debt Service Coverage Ratio Loan. A DSCR loan allows borrowers to qualify based on the income the property produces—not their personal income. Offered by only a select few mortgage lenders, this non-QM (non-qualified mortgage) product breaks away from traditional lending guidelines. Instead…
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