How Palmdale and Lancaster Buyers Should Compare Loan Estimates
Many Palmdale and Lancaster homebuyers compare Loan Estimates by looking at the interest rate first. But a quote that appears inexpensive can become the more costly option once origination fees, discount points, prepaid expenses, property taxes, and insurance are included. Gabriella Godde at Groves Capital begins with the numbers that affect your everyday life: the […]
Financing a Rental Property in Palmdale or Lancaster
Buying an investment property is different from purchasing the home where you plan to live. The down-payment requirements, reserve calculations, treatment of rental income, and underwriting guidelines may all be different. Gabriella Godde at Groves Capital begins by reviewing your available funds, expected rental income, existing properties, and combined loan-to-value. The goal is to understand […]
Down payment assistance in Palmdale and the Antelope Valley
Many first-time homebuyers in Palmdale and Lancaster hear “down payment assistance” and assume it is automatically free money. In reality, assistance programs have their own eligibility requirements and must work alongside a qualifying first mortgage. Gabriella Godde at Groves Capital helps Antelope Valley homebuyers determine whether a grant, deferred-payment loan, or second mortgage may fit […]
Self-employed and 1099 mortgage files in Palmdale
Self-employed homebuyers in Palmdale and Lancaster are sometimes told they cannot qualify because their tax returns do not resemble a traditional W-2 income history. That does not always mean homeownership is out of reach. Gabriella Godde at Groves Capital begins by reviewing how you earn income, how long you have been self-employed, and how the […]
FHA vs conventional for Antelope Valley first-time buyers
First-time homebuyers in Palmdale, Lancaster, and throughout the Antelope Valley often hear “FHA” and “conventional” used as though they are interchangeable. They are not. Each program has different requirements for down payment, credit, mortgage insurance, property condition, and overall qualification. Gabriella Godde—The California Mortgage Girl—is a mortgage loan originator with Groves Capital. With more than […]
How to get pre-approved for a mortgage in the Antelope Valley
A pre-approval letter is only as good as the work behind it. In Palmdale, Lancaster, and the rest of the Antelope Valley, sellers and listing agents can tell the difference between a same-day form and a file that has actually been reviewed. Gabriella Godde is The California Mortgage Girl, a mortgage loan officer with Groves […]