Kristen Wilson

When looking for a home loan, one of your biggest decisions will be deciding between a fixed-rate mortgage or an adjustable-rate mortgage. Let’s take a look at the differences. Should you choose a fixed-rate or an adjustable-rate mortgage? Deciding between a fixed-rate and an adjustable-rate mortgage (ARM) depends on your specific financial situation, risk tolerance, … Read more

Mortgage borrowers are often barraged with offers from questionable lenders and insurance providers. These so-called “trigger leads” can be annoying, but they’re legal. Here’s how to stop them. What you need to know about trigger leads If you’ve recently applied for a mortgage loan, you may have experienced dozens (if not more) unsolicited phone calls … Read more

Loan servicing is an essential function for lenders, as it helps ensure that loans are repaid in a timely and efficient manner. Borrowers should be aware that most mortgages today have servicing transferred more than once. What is loan servicing? Loan servicing is the process of administering and managing a loan after it has been … Read more

It’s normal to feel lost when it comes to home mortgages. But you don’t have to go through it alone. A mortgage broker can walk you through the application process in a way that makes sense, reduces stress, and leaves you feeling confident, not helpless. What is a mortgage broker? A mortgage broker is a … Read more

Unattractive yards, foreclosures, and constant noise can affect the resale price of your home because they bring down the average home values in the neighborhood. Can your neighbors affect the value of your home? As a homeowner, you’re likely enjoying the security of rising property values. You probably take great care of your home, making … Read more

Every homeowner gets offers to refinance, and some can be very aggressive and confusing. Not every offer is deceptive, but when mortgage rates are rising, there’s a much greater likelihood of fraud. The shrinking refinance market It’s certainly not news that interest rates have risen over the past year. And as rates rise, so too … Read more

Whether or not a reverse mortgage is the right financial option for your parents is a personal decision that should be weighed carefully. Should my parents get a reverse mortgage? With the recent volatility in retirement savings and home values, children of seniors are concerned about their parents being able to finance the remainder of … Read more

Consumers looking for a home loan, or who want to refinance an existing mortgage, need to know that mortgage rates may rise as inflation increases. Understanding the difference between the inflation rate and interest rates — and how they interact — is key for anyone shopping for a mortgage. Does inflation affect mortgage rates? While … Read more

Whenever mortgage interest rates decline drastically, there’s an explosion in home loan refinancing. Unfortunately, along with the benefits of refinancing, comes a lot of misinformation about the process. Mortgage Refinancing: Myth vs Reality Listed below are some common mortgage refinancing myths along with a brief explanation of the reality. Myth: You can only refinance your … Read more

Paradise and Oroville, California both offer low-interest loans to qualified first-time homebuyers based on current income limits and property type. As an approved lender, Network Mortgage can assist you with either program. First-time homebuyer programs Both the town of Paradise and the city of Oroville offer deferred, low-interest loans to eligible first-time homebuyers — based … Read more

Trying to predict the movement of home mortgage rates is tough — Even for seasoned professionals. Changing economic conditions is one of the biggest causes, as is the government’s monetary policy at a any given time. But at the center of it all is one primary driving force: Supply and demand. Mortgage rates seem to … Read more

Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. As a result of this demand, there’s a lot of misinformation out there that we’ll try to clear up. Reverse Mortgages: Myth vs Reality Listed below are some common reverse mortgage myths along with a … Read more

While refinancing can be the right choice, keep in mind that trading your existing home loan for a new one isn’t always the best solution. There are a few scenarios when a refinance might not be such a good idea. When to refinance. And when not to. You probably already know the basics, but let’s … Read more

If your loan doesn’t include an escrow account, you will have to plan to pay these large expenses yourself. Be sure you budget for these extra costs and stay current on your taxes and insurance payments. What is an escrow account? An escrow account, sometimes called an impound account, is set up by your mortgage … Read more

Private mortgage insurance protects the lender, not you. If you fall behind on your payments, PMI will not protect you and you can lose your home through foreclosure. If you have any questions or concerns about PMI, be sure to talk to a qualified lender. What is private mortgage insurance? Private mortgage insurance, also called … Read more

If you’re short on cash or equity, a no-closing-cost mortgage may help get you into a new home, or refinance your current home. Just keep in mind that you’ll pay more over the term of the loan if you pay less up front. No points! No Fees! No Closing costs! We’ve all seen or heard … Read more

You may already be familiar with a traditional reverse mortgage, but did you know that a reverse mortgage can also be used to buy a home? It’s called a Home Equity Conversion Mortgage (HECM) for purchase, and is sometimes referred to as a reverse mortgage purchase loan. What is a reverse mortgage purchase? An HECM … Read more

Sometimes life throws you curves and you need to adapt. That’s okay. If you need to bend any of these rules, just be sure to consult with your loan officer first. This will minimize the chances of your loan being delayed. Sometimes the smartest people do the dumbest things. So, you’ve found the perfect home, … Read more

When you have the right people counseling you along the way and you take their advice early and often, you’ll create a great experience for yourself and you’ll be prepared for whatever happens. Five things you need to do first. Looking to purchase your very first home? Congratulations! It’s an exciting purchase and one that … Read more

Whether you’re refinancing or purchasing a home, it may be possible to do so without an appraisal. Maybe not. The Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) have both announced a new property valuation option. Consumers who are buying homes or refinancing existing mortgage loans may be … Read more