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Visalia: 559-740-7000
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Reedley: 559-636-3333
Porterville: 559-784-2265
Toll-Free: 888-981-6869

Tim Dougherty

NMLS ID 0

559-740-7000 tim@ccmloans.com

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Blog Image: Should I Pay Mortgage Taxes and Insurance on My Own?

Should I Pay Mortgage Taxes and Insurance on My Own?

When you buy a home or refinance, your lender will talk about setting up an “escrow” account. They may also refer to the charges in that account at “impounds.” If you are new to mortgage loans, you may not understand what these terms mean. And even if you’ve been around the mortgage block a few times, you may wonder if you’d be better off handling the impounds yourself. What are Escrow Accounts and Impounds?  Escrow is a third party-managed account that collects money for your property taxes and homeowner insurance, paying them off when the bills ...

December 30th, 2020 | Mortgage Advice, Should I Pay Mortgage Taxes and Insurance on My Own?

Blog Image: Merry Christmas and Happy New Year

Merry Christmas and Happy New Year

All of us at Country Club Mortgage would like to wish you a Merry Christmas and a Happy New Year! We hope that 2021 is a year full of happiness, health and prosperity for you and your loved ones. All the Best, Country Club Mortgage

December 23rd, 2020 | Refinancing a Home, Credit, Home Equity, Merry Christmas and Happy New Year

Blog Image: Questions to Ask Your Mortgage Lender

Questions to Ask Your Mortgage Lender

Buying a home or refinancing usually involves taking out the biggest loan of your life. It's important to make sure you understand everything that goes into that mortgage and what will be required of you as a borrower. Here are the most essential questions to ask your lender before you sign on the dotted line. What types of mortgage loans are available? There are dozens of mortgage types out there: conventional or government-backed (FHA, VA, and USDA), fixed-rate or adjustable-rate, jumbo, reverse, etc. Ask your lender to explain your options and which ones would be a good fit for ...

December 16th, 2020 | Mortgage, Conventional Loans, Questions to Ask Your Mortgage Lender

Blog Image: How Much of My Income Should Go to My Mortgage?

How Much of My Income Should Go to My Mortgage?

Back in the U.S. housing boom in the early 2000s, mortgage money flowed freely, with many borrowers being qualified for more loan than they could actually afford. When the housing bubble burst and the entire economy took a hit, those same home buyers often had a hard time keeping up with their home loan payments and ended up in foreclosure.  Today, in the midst of the COVID-19 pandemic, millions of people have lost jobs or had work hours reduced. While lending regulations have been tightened since the Great Recession, it is still possible for home buyers to be approved for more money t...

December 9th, 2020 | Interest Rates, Preapproval, Mortgage Advice, How Much of My Income Should Go to My Mortgage?

Blog Image: Is My Credit Score Good Enough for a Mortgage?

Is My Credit Score Good Enough for a Mortgage?

With interest rates near all-time lows, now is a perfect time to get a good deal on a mortgage. Of course, every refinance or home purchase loan has borrower requirements to be met, including a decent credit score. How do you know if your credit score is good enough for a mortgage? What is a credit score? A credit score is a measure of your ability to handle financial debt responsibilities. It takes into account things like how often you have made payments on time, how large your total debt balance is, how many new credit accounts you have opened lately, what types of credit you have, an...

December 2nd, 2020 Is My Credit Score Good Enough for a Mortgage?