Is it better to buy or to rent a home? In the long run, if you have the right information, the answer is to buy -- for the pride of ownership, equity, and tax advantages. But don't be pressured to buy. Home ownership does come with responsibilities and the important thing is to be prepared financially. Get wise counsel from experienced professionals.
TIP #2 Consult with a mortgage professional
With the recent changes in FAT mortgages, it's making home ownership easier. How does the average person understand whether to buy or to refinance? Do the smart thing and consult with a mortgage professional -- a local person who understands our Valley and one that can answer your questions in a practical and easy way.
TIP #3 Self-employed borrowers - Minimum 2 years self-employed
One of the requirements for self-employed borrowers is they must be self-employed for at least two years. You will need to provide two years of personal tax returns -- including all schedules, and possibly business tax returns -- along with a current business financial statement.
TIP #4 Now is a great time to refinance
Home values are up, and appreciation has increased. Refinancing may allow you to re-direct cash or consolidate debt, loan terms could be shortened, or you could reduce your interest rate. Another option is to lower your overall payment.
TIP #5 VA Home Loan
Whether you're in active duty, a veteran, or a surviving spouse, a VA loan may get you into your first or next home, or refinance your current home. 100 percent financing may be available and gift funds are allowed, plus there are lower closing costs.
Brought to you by Resource Lenders
Get to know Resource Lenders better
Since 1990, Resource Lenders has served California's financing needs. Locally owned and operated, we hold a strong belief in the value of the services we perform and the individuals within our organization who perform those services. We offer mortgage refinancing and home purchase financing assistance throughout the State of California, with offices in Fresno and Visalia.
At Resource Lenders, we know our community and the political, economic and social factors that shape it. With our local knowledge and broad base of experience, we provide the information you need to make an informed decision. We bring our clients the knowledge and experience of a major lender while keeping close the values, enthusiasm, and heart that only a local lender has.
We're committed to being local leaders in our industry and local communities. By doing so we can take an active role in shaping the future of both. To do this, Resource Lenders also maintains a reputation for integrity and honesty in all of our dealings, holding each employee to the same high standard. It's this same attitude that drives our commitment to the humanitarian needs of the communities we serve with our time, energy, and financial resources.
Streamlining the Process from Anywhere in California
The following video explains how borrowers from around the State of California can use Resource Lenders' secure home loan portal to apply, track their loans, and upload documents all online.
Fresno Main Office
7330 N. Palm Ave Suite 106,
Fresno CA 93711
3714 West Mineral King Avenue
Visalia, CA 93291
Fresno Alluvial Office
545 E Alluvial Ave #111
Fresno Champlain Office
1170 E Champlain Drive, #107
Fresno, CA 93720
Fresno Shaw Office
1415 W. Shaw Avenue
Fresno, CA 93711