North Bay Capital Is Hiring!!

Posted by on Aug 28, 2015 in Uncategorized | No Comments

North Bay Capital is proud to announce that we need more loan officers to keep up with the demand.  Growth is a good thing, right?  Looking for highly motivated sales people, specializing in Hecm reverse mortgages.  North Bay Capital is a highly experienced HECM broker in Sonoma County with access to the FHA insured reverse mortgage […]

Sonoma County Home Sales July 2015

Posted by on Aug 14, 2015 in Uncategorized | No Comments

Sonoma County home sales report for July 2015 Overall a very strong market, prices are continuing to either gain ground or hold tight.  Inventory is still low relative to demand.  Mortgage rates are very good and the Fed still hasn’t committed to a rate hike date so we may see this remain throughout at least […]

Sonoma County Home Sales Report June, 2015

Posted by on Jul 29, 2015 in Uncategorized | No Comments

I’m a little late to the party on this report, but better late than never. Median home price in Sonoma County was 525K New listings dropped by 170 Home Values increase by 12.9% YOY So it looks like all good news for now, we’ll see what happens when/if the fed raises the fed funds rate

USING A COSIGNER TO BUY A HOME

Posted by on Jun 24, 2015 in Uncategorized | No Comments

Using a cosigner to buy a home is a topic that doesn’t get enough play in my opinion.  My cousin read a recent article I wrote about how student loan debt affects qualifying for a mortgage and he made a comment that triggered a thought in my mind.  Calculating student loan debt payments is only […]

STUDENT LOAN DEBT AND MORTGAGES

Posted by on Jun 23, 2015 in Uncategorized | No Comments

Student loan debt and mortgages, how does one affect the other?  According to USA Today the national student loan debt was $1.2 Trillion in April of 2015.  How does that make you feel?  Let’s face it, our parents are great, but we don’t want to live with them forever.  There’s something about striking out on your […]

MORTGAGE RATE UPDATE

Posted by on Jun 22, 2015 in Uncategorized | No Comments

If you signed up for my mortgage rate update service you would have known right off the bat that it was time to lock your interest rate this morning.  That’s assuming that we didn’t already lock the rate last week.  There’s been too many outside factors influencing our mortgage rate market lately, namely Greece.  Now how […]

Best Mortgage Rate News

Posted by on Jun 11, 2015 in Uncategorized | No Comments

Get all the news you need to make the best decision with your mortgage.   Link to story regarding IMF rejection of Greek proposal found HERE.

REVERSE MORTGAGE QUALIFYING-HECM LOAN

Posted by on Jun 10, 2015 in News, Uncategorized | No Comments

Did you know that FHA is now requiring borrower’s to qualify for HECM reverse mortgages?  Take a look for yourself, they’re really digging into your personal finances with the reverse mortgage product.  Here are a few things to take away from this new income worksheet. 1.  They’re not only looking at your ability to pay […]

Clients are asking where mortgage rates are headed

Posted by on Jun 8, 2015 in News | No Comments

Well, that’s the million dollar question  isn’t it?  The mortgage bond market worsened by over 160 basis points, that’s a huge loss and it will take a lot to recover.  What we typically see when rates shoot up like they did is the market calming down over the next week and mortgage rates will correct […]