Do I have to work with this agent?

I was recently asked, “What if I’m not happy with the Realtor I’ve been working with and find a house I like at someone’s open house? Do I have to use the first Realtor to make an offer?” Technically, you can choose any agent to represent you in a purchase. If an agent has been…

Read More

The Fed raised rates. So what?

rate hike

The Federal Reserve announced its widely-expected .25% rate hike today. Does this mean mortgage rates will go up? Actually, no; in fact, mortgage rates improved a bit today, as they have been doing consistently Since November 13. To make sense of this, you should first know that the Federal Reserve (specifically the Fed Open Market…

Read More

News about city transfer taxes

You may already be aware that some cities in California impose transfer taxes on top of the one charged in all counties. The county tax, which is $1.10 per $1,000 of transferred value, will remain the same, but some Northern California cities will see a big increase. The city transfer tax is commonly split between…

Read More

What's going on with rates?

If you’ve been keeping an eye on mortgage rates, you are aware that they have been going up quite consistently. To get broad picture, you should know that mortgage rates respond directly to the price of Mortgage Backed Securities (MBS). These are the pools of mortgages purchased by investors like Fannie Mae and Freddie Mac.…

Read More

Mortgages for "low credit scores"

I was asked recently who has the best mortgage for people with “low credit scores.” “Low credit score” is a nebulous term, so let’s see if we can narrow it down a bit. A borrower’s FICO score is a three-digit number derived from data kept in each of the three credit repositories: Experian, Equifax and…

Read More

Pro Tips for Buying a Home in the Bay Area

Being a buyer in today’s hyper-competitive Bay Area market can be discouraging. You can put the odds in your favor, though. Just be aware of the basics and keep your expectations in line with reality. Let’s start with the “reality” part. Prices Prices here are stratospheric. There’s nothing we can do about that fact, but…

Read More

Fed Raises Rates…What Does It Mean?

The Fed Open Market Committee (FOMC) voted today to increase the Federal Funds Rate by .25%. This was widely expected, but people still ask us, “Is the Federal Reserve going to lower mortgage rates anytime soon?” We get the question often enough that now would be a good time to explore how mortgage rates work.…

Read More

How much house do I qualify for?

One of the most frequent questions we get is, “How much house can I  buy with my income?” Recently, a reader asked us that question. He mentioned that he and his new wife earn $110,000 annually. He wanted to know first whether it was possible to buy a house in the Bay Area. Here’s what…

Read More

Tax Reform and You

By now, you have already seen dozens of articles about the recently-passed “Tax Reform and Jobs Act.” While it has not yet been signed into law, there is a great deal of speculation about the final bill. Specifically, people wonder about how the changes will affect the ownership of real estate. Every situation is different,…

Read More

Need Help?




Final Logo

Joseph M. Parsons NMLS #230285
Pinnacle Capital Mortgage,
a division of Finance of America, LLC

NMLS# 1071 is licensed by the Department of Business Oversight under the CRMLA.

Pinnacle Home Loans

(925) 383-2846
7080 Donlon Way
Dublin, CA 94568