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Mortgage and Lending - C2 Financial Corporation



When are VA Termite Inspections Required? A termite inspection is waived on a VA IRRRL (streamline) refinance. It is required on a purchase and a cashout refinance. If the property is a low-rise or high-rise condo its only required if the appraiser notices a potential issue. If there is active in...
Any purchase or refinance that closed after December 31, 2013 are eligible for qualified borrowers. Borrowers with an adjusted gross income of less then 100,000 would be able to deduct 100% of their MI premium. It is subject to income limits. Please consult your CPA or tax professional for advice. 
The IRS defines it as 2106 (unreimbursed business expenses) it is possible to attain financing for a home purchase or to refinance your current residence even while having these listed on your tax returns. In order to ensure eligibility it depends on the following factors. 1. You must be a wage e...
A VA IRRRL is a Veterans Administration Interest Rate Reduction Loan program. Many VA homeowners who have purchased their home within the past year could benefit from a lower interest rate. This is also known as a Streamline refinance program in which it requires limited documentation in terms of...
There is a misconception about this program its not for just borrowers with negative equity or minimum equity. Even in the case of having a loan to value ratio under 80% or equity of more then 20% is still acceptable especially in the case where the debt-to-income ratio is quite high. As long as ...
Freehold often times known most commonly known as fee simple is the most prevalent form of ownership. Fee simple properties would be defined as complete ownership consisting of holding title along with the land. A leasehold property differs since a fee simple landowner (lessor) enters into an agr...
There are solutions in our current lending environment for pulling cashout (equity) from an investment property for real estate investors for one to four unit California properties. Even in the case of having more then four financed properties which would be allowable as a Conventional loan. If i...
A combo or piggyback loan is a great mortgage product especially with a downpayment of less then ten percent in order to avoid mortgage insurance. In terms of the loan amount they can go up to 1,275,000. Also, it can be used on a refinance for home improvement or debt consolidation purposes or to...
A great option for those that have refinanced within the past year or two or have purchased a home within the past twelve months. By choosing a slightly higher interest rate the lender would issue out a rebate that covers all of the non recurring closing costs which consists of the lender fee alo...

Shawn Sidhu

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