Posts Tagged ‘San Diego Lender’
The Power of the HELOC
The Power of the HELOC: Unlock Flexibility, Freedom, and Financial Control If you’re a homeowner in San Diego or Chula Vista sitting on equity, you may be holding the key to financial flexibility without even realizing it. Enter the HELOC—or Home Equity Line of Credit—a powerful tool that puts your home equity to work when…
Read MoreSelf Employed Home Loans
Self Employed Home Loans Self-employed Home loan programs offer several benefits tailored to the unique financial situations of business owners, freelancers, and independent contractors. It’s often hard for self-employed borrowers to buy a home because the traditional mortgage system is built around W-2 employees with predictable income, which doesn’t align well with how self-employed income…
Read MoreNew Loan Limits Are Out for 2025
New Loan Limits Are Out for 2025 Hot off the press!! The Federal Housing Finance Agency (FHFA) has announced that the baseline conforming loan limit for 2025 will increase to $806,500, up by $39,950 from the 2024 limit. In high-cost areas, the limit will rise to $1,209,750, which is 150% of the baseline limit. These…
Read MoreNew Conforming Loan Limit
New Conforming Loan Limit The conforming loan limit is adjusted annually based on the Federal Housing Finance Agency’s (FHFA) assessment of changes in home prices. The new conforming loan limits for a given year are typically announced in November or December of the preceding year but was announced early this year and is now $750K.…
Read MoreFactors That Impact Your Credit Score
Factors That Impact Your Credit Score There are many factors that can impact your credit score. Hope this helps give you an overview of how credit scores work. Payment history: This is the most important factor that impacts your credit score. Late payments, collections, and bankruptcies can have a negative impact. Credit utilization: This is…
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