Will You Be Able to Qualify for a Mortgage in this Year?



There are many great area homes for sale.Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 248-7777 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I have Evangeline Scott back with me to discuss some developments in the mortgage world. There are two major things happening right now that you need to know about if you've been thinking about buying or selling.

The first development is the slated rise in interest rates. How will this affect you? As a buyer, we would recommend that you purchase as soon as possible because rates aren't going to get any lower. This is your chance to lock in a low rate and save thousands of dollars in interest over the life of your loan. Coincidentally, this would also make right now a good time to sell a home. Buyers will be coming out in droves looking for good deals before interest rates increase to 5% by the end of the year.


The other big development that not many people are talking about is the Fannie Mae adjustment. It states that if you own a home and you're purchasing a home and that home hasn't closed escrow, then you still need to pay your mortgage on your former home because you still own it. The rules have now been changed to say that if your home is listed for sale and under contract, you no longer need to make that mortgage payment. This will not affect your debt-to-income ratios, and now buyers will be able to make non-contingent offers. 

Contingencies can create a domino effect that can paralyze the real estate market, so this change is much needed. It's hard to find sellers that have the option and the time to take on risky buyers with contingencies. 

If you need help navigating through the mortgage process, Evangeline would be my recommendation. When people see her name on paperwork in a loan, they know that the deal is going to go to closing. That's how good she is!

As always, if you need to buy or sell a home, please don't hesitate to contact me! Now is a fantastic time to enter the market as a buyer or a seller.



2001 Forebay Road, Pollock Pines, CA 95726


2001 Forebay Road, Pollock Pines, CA SOLD! FEELS SECLUDED,YET 2.3 MILES to 50!! Wonderful family home! Luxurious, Classy, Yet Functional. 4-5 BD/3 BA retreat nestled among the pines! Great Room concept; sprawling entertainer's Kitchen, sunken Living Room, wood burning stove & wrap around decks. 2 Master Suites - Upper Level has vaulted beamed ceiling, Dressing Area & private Balcony. Main Level Master - jetted tub, separate shower & large WIC. Lower level - Mudroom/Laundry, add'l Bedroom & Bonus Room/Media Room. AMAZING setting! Hurry!

 

990 Meadow Gate Rd, Meadow Vista, CA 95722

Beautiful Event Center in the Heart of Meadow Vista
Meadow Vista Gardens at 990 Meadow Gate Dr, Meadow Vista, CA 95722 is a unique & One-of-a Kind property with numerous amenities indoors & out. Lush gardens, large central gathering spaces, ample parking, ADA access. Meadow Vista Gardens event space in historic foothills of Gold Country (45 minutes from Downtown Sacramento). Originally first church of Meadow Vista, Jewel of Gold Country''. Easily accessible from I-80 & centrally situated with largest commercial frontage & corner lot (1.8 acres). Zoned C2-DC allowing live-in caretaker. Here is your canvas, paint the event of your dreams!
OFFERED AT $990,000!!


1787 Bridgecreek Dr, Sacramento, CA 95833

Beautiful Single Story Home in Sacramento

1787 Bridgecreek Drive in Sacramento is a beautiful, fully updated 1-story 3bd/2ba home in quiet neighborhood! Great floor plan flows nicely with vaulted ceilings, new hand-scraped laminate floors, & lots of light. Fully updated Kitchen/Family Room combo boasts plenty of cabinets, granite counters, stainless steel appliances, dining bar & fireplace. Master Bedroom Suite with newly updated Master Bath. Low maintenance drought resistant landscaping. Move-in ready - close to schools, park, shopping, restaurants & downtown Sacramento. Hurry - this one won't last!