Few significant information the first-time home buyers

A first-time home buyer is someone who has not bought a house in the last three years to four years. Even if you own a house but have not bought a new house in the last 3 to 4 years, you will be considered a first-time home buyer. When applying for home loans in San Jose, there are any questions that will strike your mind.

Here are few common questions that will strike your mind as a first-time home buyer.

What home buying and home loans programs are available for me?

There are many home loan programs and home buying programs available for the first home buyers. For example, FHA loans, VA loans, jumbo loans, and more. You can take help of a mortgage broker to help you with the best possible option.


Can I get a home loan even if I have a bad credit score?

Yes, why not! You may be a good candidate for many home buying programs. The platforms for an online mortgage in San Jose can help you find good loan options for buying a home even if you do not have a good credit score.

Should I take help of a real estate mortgage broker for my loan needs?

Hiring a mortgage broker can be a good idea. All the steps involved in home buying, mainly the financial one, can be complex. A professional mortgage broker can help you along the entire way and make your home buying experience a wonderful one.  Right from the start to end, the real estate mortgage broker will help you.

There are more things to consider while buying a home. So, consider all factors relevant to your buying needs.


Applying for home mortgage loan online will offer many advantages

These days, a lot of home buyers are taking help of online resources to apply for a mortgage for their home buying needs. This is because the service providers of online mortgage in San Jose offer a lot of convenience and flexibility for prospective home buyers, whether first time buyers or a seasoned buyer.  Just as advanced technology has influenced other industries; it is also making way in the home mortgage loan industry.

The biggest benefit of choosing online mortgage services is they provide a large amount of choices. You will end up getting lowest interest rates in San Jose. Rather than visiting banks or other financial institutions, the online avenues give home buyers the privilege to research, do a cross-reference, and compare the offers provided by different mortgage lenders.


When applying for an online mortgage in San Jose, you will have access to various online tools for better and interactive shopping experience. You can use loan calculators to figure out if the projected monthly payment fits into your financial plans or not.  There is less hassle when you go online for choosing mortgage loan for your home buying needs. Right sitting at home, and with a few clicks, you can compare and shortlist options matching your needs and budget.

If you are planning to buy your dream home, think to search online for best mortgage and lowest interest rates in San Jose. You will be in a better position to make a home buying decision.

What should the homebuyers do if they have a bad credit?

You will find prospective homebuyers who think they cannot qualify for a home loan in San Jose because of limited savings or poor credit history.  Qualifying for a mortgage gets even more challenging for them when they hear about high lending slabs in the mortgage industry. However, there are several programs that help prospective homebuyers get a mortgage. The assistance of a professional mortgage broker comes handy here. They will let you know options that are suitable for you.

Home Loans in San Jose

Look for low down-payment programs

There are many prospective homebuyers that are not in the condition to put down a low as 20% down payment when buying a home. The programs like FHA loans in San Jose require little or no down payment for qualifying. These loans can help home buyers to bring their home buying dream into reality.

What to do if you have low credit score

The FHA loans in San Jose are good options for home buyers with a bad credit. You can take help of online resources to know more about these loans. A lot of information is available online so you will not have a problem in knowing how to apply for these loans.

Work with a professional mortgage broker

Your home buying process will become quite easy if you partner with a professional mortgage broker. Discuss your needs early in the process to understand whether you will be able to get financing and how much you can afford to borrow.

The process of buying a home is not that challenging as you may assume. With the right approach, you will be quite close to making your dream of owning a home into reality.

Common homeownership mistakes to avoid in your twenties

While getting home loans in San Jose is simple, young home buyers are more likely to slip into market pitfalls and make mistakes, which could drive financial stress in the long-term.


Home Loans in San Jose


Here are some of the most typical blunders that you, as a young home buyer, should watch out for.

Applying to many lenders

When you apply for a loan, the request gets registered on your credit record. Too many requests can arouse suspicions among the banks, resulting in your application denial.

Not obtaining the credit statement

It’s viable for credit records to show errors in your banking activities, which could undermine your application. Without a credit statement, you won’t be able to identify the errors and fix them.

Borrowing more than the budget

It’s not uncommon for banks to grant you higher loans than you can actually afford. This could hamper your way of life for years to come.

Not factoring in the actual costs

There’s more to a loan fee than the initial deposit and monthly repayments. Charges like stamp duty, mortgage fees, legal expenses, property tax, etc. can leave you with a bigger bill than you anticipated.

Whether you’re applying for an online mortgage in San Jose or using a lender, you might run into some difficulties unless you’re well acquainted with the process. Studying all the mortgage options is an excellent way to ensure that there is no scope for mistakes.

Think properly before you apply for online mortgage

With the popularity of online mortgage, the application process for loans has become quite simple. It takes less than five minutes to complete the entire process. While some of the buyers who have been through the process before may like the speed and ease, the same process can be overwhelming for those who are applying for online mortgage in San Jose for the first time.

home loans San Jose
home loans San Jose

If you are a first-time home buyer and are considering using an online loan program, don’t be in a hurry. Try to figure out all options available and then apply online. Read properly about all the options available and then make a move. Every mortgage comes with clauses. The programs of home loans in San Jose lay out the details how the rates will change over time and the penalties you will face for late payments. As a home buyer, you should know all this before applying for home loans in San Jose. If you are going online for applying home loans, do some research before signing to make sure you know what terms and conditions you will be subjected to. You should also be comfortable reading the terms and conditions.

Applying online for home loans is quite easy and convenient. Right sitting at your home, you can fill in the application form within few minutes. You don’t have to run pillar to post to complete the formalities of applying for home loan.

Here’s why you should hire mortgage brokers for your next home purchase

If you’re preparing to purchase a home, you must consider enlisting the services of mortgage brokers in San Jose, CA to get the lowest rate of interest on home loans.

While it may seem tempting to cut out the middleman in order to avoid some costs, mortgage brokers are more often than not the best investment as they can help you find best home loans in San Jose. Here is why you should hire them:

Home loans
Home loans

Mortgage brokers are qualified

Choosing the right home loan is not as straightforward as just going with the least expensive option you can find. Mortgage brokers are qualified to help you choose the right home loan tailored to your individual requirements and requests.

They offer you protection

Mortgage brokers in San Jose, CA are legally responsible to protect you from any future uncertainties. They take a lot of factors into account, such as your income and your expenditures, before suggesting you a home loan. This is done in order to ensure that you’d be able to afford it.

They have the experience

Mortgage brokers have the experience of the application process of different lenders and adequate understanding of the mortgage industry. This allows them to help you process your home loan application with least delays.

Having an understanding of the rates, terms, features, lenders etc. are all time-consuming and complex subjects. A mortgage broker takes your particular circumstances into account to suggest you the best home loans in San Jose.

Have you thought of hiring a mortgage broker for your home buying needs?

There are different places where a buyer can secure home loans in San Jose and the majority of home buyers get their loans through a mortgage broker. A mortgage broker is a professional who is in the business of compiling and filtering and choose the best options for you.

Commercial Loans in San Jose
Commercial Loans in San Jose

A professional mortgage broker can help you get the best loan by discussing with you your financial situation goals and situations and finding the best option suitable to your choice and pocket. After you decide which loan you want, the professional will work with you to get pre-approved for a mortgage and help you complete your loan application process.  They will discuss the confirmation of employment and wages, financial information, credit report and many other documentation that the lender needs. Once your loan is approved, the mortgage expert will review the loan documents before you sign on the dotted line.

Look for mortgage brokers in San Jose CA who are skilled at explaining complicated financing concepts and is capable of working with buyers like you.  You should check the broker’s websites and check their online reviews to find out whether they have a good reputation in the market or not. Ask about their experiences to make sure they can help you professionally in your home buying process. The mortgage broker’s website will let you know more about the services they provide.

Why many home buyers choose FHA loans in San Jose?

One of the most intimidating challenges of buying a home is selecting and getting approved for a mortgage loan.  There are many types of loans out there to choose from, and if you are not familiar with the differences between them, and how they relate to your personal financial situation, it might be difficult to make a good choice. It is here where a professional mortgage broker will help you in choosing the best mortgage loan to suit your needs.


Let’s discuss here FHA loans and why home buyers prefer FHA loans in San Jose.

An FHA loan is insured by the government and is a good option for homeowners with low credit scores. It is also suitable for those who have not saved much for a down payment. FHA loans are available as both fixed as well as adjustable rate mortgage loans. You can also use it to refinance your home.  It is a good option for first home-buyers who may not have saved much for a down payment. An FHA loan is also a good option for those who had credit problems in the past to own a home.

Remember, there is no one-size-fits-all home loan option in today’s San Jose market. You need to put in a lot of efforts to make a smart decision. You can also take help of online mortgage in San Jose to compare different options. This will make your job easy.

Read : 5starlending.net

Why now is the best time to sell your Silicon Valley home?

According to real estate market trends, the best time to sell your home is early March through June. There are two main reasons for this: it is when parents are seeking to relocate their families in time for their kids to start fresh at a new school, and it is also the time when buyers have their tax refunds checks in hand.

Home Loans

Zillow, the real estate database, carried a study that showed the homes listed between May 1 and May 15 sold an average of 18.5 days faster than homes not listed during that time. The same study also indicated that these same homes sold for an average of 1% more than normal, translating to a value-add of roughly $1,700 on a $170,000 home. According to Zillow’s Chief Economist SvenjaGudell, in late May or early June there tend to be more buyers and due to the time pressure, they are more desperate than other times of the year so they are willing to close sooner and spend more. If you list during this time period, you can anticipate you will have more buyers motivated to make a deal because they want their kids settled quickly before school starts in the fall.

It’s true people want to move in and out of the neighborhood in conjunction with the school year. So if you are a smart buyer and want to make the best use of real estate market conditions, you should look in December and try to find a house that is been on for a long time. Generally, you will be able to negotiate with sellers in that situation because they are most likely motivated sellers.

A seller should also consider not only the best month but also the best day during the month to list their homes for sale. According to real estate agents, not all homes sell quickly, especially if they are not priced right and the timing is not right. A seller should list their home on the right day, which is Thursday. It has been found that homes listed on Thursdays are more likely to sell faster, above listed price compared to those homes listed on any other day of the week since buyers get ready to shop for homes on weekends. But unfortunately for sellers, only 18% homes are listed on Thursdays. Saturdays, Sundays, and Mondays are generally the worst times to first list your home.

The second best time of the year to sell a home is September-to-October but it is a distant second to spring when you will find more buyers in the market. Below is a chart showing the real estate activities over the last few months.

Work with Cynthia Trinh if you want to discuss the future sale of your home with a professional real estate agent. She will provide you with excellent customer service during the entire selling process. She will work diligently for your best interests to obtain the highest possible sales price for your house in the shortest possible timeframe. She will negotiate on your behalf, help you prepare your closing documents and guide you through the closing process.

Call Cynthia Trinh on 408-802-3680 to discuss your home selling needs.

Median Home Price +5.8% $1,182,500 $1,117,500 +4.6% $1,130,000
Average Sales Price -2.7% $1,194,870 $1,227,850 +5.2% $1,135,490
No. of Homes Sold +14.3% 48 42 -5.9% 51
Pending Properties +19.3% 68 57 +51.1% 45
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings -8.3% 33 36 -34.0% 50
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price +4.1% 109.7% 105.4% +1.1% 108.5%
Average Days On Market -23.9% 10 14 -29.2% 15

Work with Cynthia Trinh if you want to discuss the future sale of your home with a professional real estate agent. She will provide you with excellent customer service during the entire selling process. She will work diligently for your best interests to obtain the highest possible sales price for your house in the shortest possible timeframe. She will negotiate on your behalf, help you prepare your closing documents and guide you through the closing process.

Call Cynthia Trinh on 408-802-3680 to discuss your home selling needs.

For more info visit: http://5starlending.net/

Benefits of applying for home loans online

Taking a mortgage loan for home buying is a major financial responsibility. There are many homebuyers who do not have time to shop around to compare money lenders in order to get the lowest interest rates. In such scenarios, the option of online mortgage comes into the picture.

Today home buyers are leveraging the method of online mortgage in Bay Area to get best rates on home loans. When you are applying online, you may get lower interest rates and fees. Another advantage of applying for a home loan online is you save time. If you are applying for loan from any brick-and mortar bank or any other financial institution, you will have to complete stacks of paperwork and make copies of it. Getting everything in order can take days or even weeks. On the other hand, when you choose the option of online mortgage in Bay Area, the entire process of acquiring a home loan becomes easy to navigate. Instead of making copies of tax returns or other financial documents, you just need to upload them to the lender’s website. This will speed up the loan process and save you from hassles.

If you think you need to apply online for your home loan needs, it is best to do some research work before you apply.  You should compare the loan terms carefully to make sure you are getting the best deal.


Choosing the best home loans in San Jose is easy now!

It’s no more difficult to get home loans in San Jose even if you have a poor credit rating. But the difference you may experience is paying higher interest rates. A professional San Jose mortgage expert can help you in getting a good deal on your home loan.

The mortgage interest rates keep on changing and never stay the same. Sometimes they may go up and sometimes they may go down. Also, different mortgage rates charged by different San Jose mortgage lenders differ from each other. So you need to be very careful while choosing the best loan option. There can be chances that one lender may charge you lower rates, but they may charge you additionally. On the other hand, another mortgage lender may charge you higher interest rate but no additional charges.  So if you want to be your closing close to be cut, you should always prefer one where you know you have to pay a single monthly  payment.

Home Loans In San Jose

One interesting choice that is attracting people who are looking for home loans in San Jose is ARM loans. ARM stands for adjustable rate mortgage. It has an introductory interest rate that lasts a set period of time and adjusts annually. It is a good option for those who are looking for lower initial interest rates.  You should also look for other options such as FHA loans if you are looking for affordable home loans in San Jose.

Get started today so that you get the best deal on your home loan.

For More Information Visit @ www.5starlending.net