How Lenders Calculate Your Rental Income

Private money loans in Santa Rosa, CA | Sonoma County | Hard Money

There’s no doubt about it. Cash flow is a good thing.

This article will explain how a mortgage lender or bank may view your rental income when you are applying for a new mortgage loan.

To keep things simple, I am using an example of a rental property with a monthly gross rental income of $1,000.

(Rental income before any expenses.)

Sonoma County Foreclosures Go Down, Home Values Go Up

The Press Democrat published a new article on their blog regarding our local real estate market in 2013: Sonoma County Foreclosures Drop to Lowest Level in Seven Years.

As you can see in the Market Snapshot from, the median home prices showed a big increase from January 2013 to December 2013.

Home Values in Sonoma County, California

The History of Mortgage Rates: Why Now is a Good Time to Refinance

Private Money Loans in California | Private Money Blog | Private Money Lenders | California

“Those who cannot remember the past are condemned to repeat it”

– George Santayana

Can you remember the interest rate on your mortgage when you purchased your first home?

I asked this question on facebook a while ago and I received a wide range of answers. Most rates were over 6%. I now hear people in our industry talking about how rates are going up and the activity of refinance loans will dry up.