Marin Mortgage News

The latest news on mortgages and green-lending practices in Marin County and the San Francisco Bay Area.

Found 127 blog entries about Marin Mortgage News.

purple meters       &     meters

 

Have you seen the folks in bright yellow shirts sweeping our downtown San Rafael sidewalks? Have you seen the purple meters scattered around downtown San Rafael?  The folks in yellow shirts are part of the Downtown Streets Team and the purple meters are part of Put Your Change To Work program, which is a way to discourage panhandling.  What?  Read on!

The Downtown Streets Team is an organization that believes that by having a job and being able to take care of ones’ own basic needs is the center piece to helping folks transition to a better life…and get them off the streets.

The Downtown Streets Team organization has changed lives in at least 6 bay area cities since 2007, and have been doing so in San Rafael, since 2013.  

410 Views, 0 Comments

This conforming loan product is specially tailored to support young doctors who've recently entered the work force and who are looking to purchase a new home. As you know, one common thread linking most fledgling doctors is a mountain of student debt. This debt is often on deferment for a number of years in order to help newly employed doctors establish their careers. Unfortunately, standard conforming guidelines mandate that even future, deferred payments be included in all debt ratios.  If documentation is not available to outline what the future payment will be, standard guidelines hit the borrower with a monthly payment equal to 1% of the outstanding student loan balance. On $200,000 of student loans, this would amount to an additional $2000 monthly

251 Views, 0 Comments

An FHA 203k loan offers competitive purchase financing to help you with construction or remodel money to turn that fixer-upper into the home of your dreams. This loan falls into two categories: the 203k Streamline, which offers up to $35,000 for non-structural remodel work that can be done without architectural plans, and the full 203k, which offers unlimited funds up to a county’s high balance limit, which in most Bay Area counties caps at $625,500. Both loans function as purchase money with the balance of funds disbursed after close of escrow during the construction phase. Unlike standard mortgage financing that accepts only collateral in good condition, the 203k loan is based off of the future condition of the home. This allows the borrower to purchase

202 Views, 0 Comments

film_festival_150. 

 

Searching for your new home anytime of the year is exciting and just as falling leaves, pumpkins and cooler temps are part of our fall season in the Bay Area, so too, are some truly great film festivals!  There's a little something for everyone, so check out the links below for lots of information and schedules.....and then, go see some great, new movies! 

Oct. 6-16                                 Mill Valley Film Festival                    www.mvff.com

Oct. 15-22                               Greek Film Festival                          www.grfilm.com

Oct. 28-30 & Nov. 4-6               Berkeley Video Film Festival             www.berkeleyvideofilmfest.org

Oct. 13-16                               SF Shorts Film

237 Views, 0 Comments

I am fresh off of watching last night’s Presidential debate thus the name of the title, a little bit about the book, and nothing to do with which candidate makes the most sense (politics and real estate do not mix). The book the Art of the Deal has some very good tidbits about thinking big, knowing your market, and maximizing your options.

So, I am now going to try and leverage some of that knowledge and provide a few good tips on how the savvy buyer should prepare and negotiate for getting the best deal on the purchase of their new home.

Firstly, you really really really need to know your finances and work with what you realistically will be able to afford. Unless you’re one of the few lucky ones that do not require a mortgage you will need to work

257 Views, 0 Comments

26greenhamleilaseppa017_mg_3734hiresprintandweb_1800 

 

Listed, marketed and sold...all within 23 days!  "Wow," "Great Floor Plan," "I love this house," were all comments heard as potential buyers visited the property!   With multiple offers received, the sellers were delighted with their options and the escrow was quick and easy.

 

26greenhamleilaseppa012_mg_3724hiresprintandweb_1800 26greenhamleilaseppa040_mg_3802hiresprintandweb_1800

 

 

248 Views, 0 Comments

 

 

26greenhamleilaseppa017_mg_3734hiresprintandweb_1800  

 

 Located on a quiet cul de sac, the pavered sidewalk takes you thru the wood & iron front door into a main level with beautiful earhttone stone floors, 1 full bedroom and bathroom on this level as well as a LR with gas fireplace, dining area and kitchen with tons of storage, gorgeous quartz countertop, top of the line Kitchenaid stainless steel appliances, including convection ovens.  Up the spiral staircase you will find a Jack N Jill bedroom, a BONUS family room perfect for movie watching with it's 2-way blackout honeycomb shades.  There's also an upstairs laundry area and a grand master suite. 

The backyard boasts a beautiful pavered patio, hot tub and a turf lawn making it very low maintenance and very high enjoyment time! 

For more

282 Views, 0 Comments

Although any buyer looking to purchase a $2,500,000 home may be aptly considered "well-heeled," that doesn't necessarily mean they have a spare $500,000 to put toward their down payment. We often see the need to include a gift fund contribution from a family member or life partner. But every loan has requirements for gift money acceptability, and this is especially so in the realm of jumbo finance. In fact, many jumbo loans do not permit gift money of any kind.

Fortunately, we have a competitive jumbo product that provides great flexibility with the use of gift funds on loans as high as $2,000,000. The gift money must be sourced from an eligible donor, who should be a relative, guardian, fiancé, fiancée, or domestic partner. Here is a bit more

324 Views, 0 Comments

 

screen_shot_2016-07-07_at_3.56.31_pm_564 

 

Besides the right Marin neighborhood, right Marin school district and right commute distance to work, one of the most important things a Marin Buyer is looking for is an energy efficient home.  That means a home that has energy star appliances, energy efficient lighting, a cost saving HVAC heating/air conditioning, water saving plumbing fixtures, water saving landscaping as well as an eco friendly community.  Buyers in Marin are willing to pay for these eco upgrades!

Did you know that these few changes can save 50% a year in utility/water costs?  Yup, 'tis true and more and more buyers are looking to have lower monthly utility bills not only because of their eco friendly consciousness but also that savings allows them to have an

343 Views, 0 Comments

We know it's tough out there. Inventories are extremely low and the trend is likely to continue as the growing tide of baby boomers settle into fixed incomes and many decide to remain in situ due to low rates and property taxes. And, although the majority of purchases are financed, cash offers rule the land and financed buyers are given short shrift. With this in mind, Pinnacle has launched our Lightning Lending loan program to level the playing field and help get your offer accepted. The lightning Lending program supports the short escrows and ultra-fast removals of loan contingencies that many sellers and listing agent require in California's competitive marketplaces.

Pinnacle's processing and underwriting departments have committed to fast

341 Views, 0 Comments