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Visalia: 559-740-7000
Fresno: 559-475-0057
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: 3 Things Lenders Don’t Want to See on Your Bank Statements

3 Things Lenders Don’t Want to See on Your Bank Statements

When you take out a mortgage loan, your lender puts a lot of trust in you to repay the loan. Lenders can do this because they do thorough financial background checks on borrowers before agreeing to lend money. Your interest rate will be based on how credit-worthy you are based on those checks. Examining bank statements is one of the ways lenders check for eligibility.  If you want to have better odds of being approved for a mortgage, before you apply, make sure that your bank accounts do not include these three things in the last two months of statements: 1. Non-Sufficient Fund (NSF) c...

January 1st, 2020 | Refinancing a Home, Preapproval, Credit, Purchasing a Home, 3 Things Lenders Don’t Want to See on Your Bank Statements

Blog Image: Merry Christmas and a Happy New Year

Merry Christmas and a Happy New Year

All of us at Country Club Mortgage would like to wish you a very Merry Christmas and a Happy New Year! We hope that 2020 is a year full of happiness, health and prosperity for you and your loved ones. All the Best, Country Club Mortgage

December 23rd, 2019 Merry Christmas and a Happy New Year

Blog Image: What Fees Are Included in My Monthly Mortgage Payment?

What Fees Are Included in My Monthly Mortgage Payment?

You think you understand how much your mortgage payment is going to be and then your first bill comes. There seems to be more included in your payment than you expected. What are all the fees in your monthly mortgage bill? Mortgage Principal Your mortgage principal is the base amount of money you needed to borrow to buy a home. For example, if you are buying a $200,000 home and you put down $20,000, your principal is $160,000. Almost all home loans are amortized, meaning they are structured so that the amount of principal you repay each month starts out small and increases over time. Dur...

December 18th, 2019 | Purchasing a Home, What Fees Are Included in My Monthly Mortgage Payment?

Blog Image: 6 Tips to Get a Rock-Bottom Home Loan Payment

6 Tips to Get a Rock-Bottom Home Loan Payment

Buying a home can be an overwhelming process, especially if it is your first time.  It can be easy to get swept along in the process without stopping to make sure you are getting the best deal on your mortgage payment. There are at least six ways to ensure that at the end of the homebuying adventure you end up with the absolute possible lowest home loan payment. Negotiate for the Lowest Interest Rate Once you have been approved for a mortgage, you will be offered a mortgage interest rate by your lender. That rate can sometimes be negotiated. Your lender may suggest ways you could ...

December 11th, 2019 | Mortgage Advice, Purchasing a Home, 6 Tips to Get a Rock-Bottom Home Loan Payment

Blog Image: How to Cancel FHA Mortgage Insurance

How to Cancel FHA Mortgage Insurance

Mortgage loans made by the Federal Housing Administration can be a huge help to homebuyers without a large down payment. FHA loans require down payments of as little as 3.5%. Traditional loans often require 20%. Yet FHA mortgages come with some strings attached, namely FHA mortgage insurance. Almost all mortgage loans made with less than a 20% down payment require some form of mortgage insurance. This insurance protects the lender against losses from the borrower defaulting in the first several years of the loan. It is typically paid monthly and is tacked onto the mortgage payment. With con...

December 4th, 2019 | Government Loans, FHA Loans, How to Cancel FHA Mortgage Insurance

Blog Image: How to Make the Most of a Home Inspection Before You Buy

How to Make the Most of a Home Inspection Before You Buy

Once you’ve put an offer on a home, the excitement sets in and you can’t wait to close. But there are some important things that need to take place before that day, namely a home inspection. You cannot see all a home’s issues from a walk-through. You need a professional to dig deep by checking all the inner workings. In fact, a home inspection is typically required by your mortgage lender so that you do not end up with major repairs after the loan closes that might compromise your financial situation. Here’s how you can make the most of your home inspection: Find a T...

November 27th, 2019 | Purchasing a Home, Mortgage Advice, How to Make the Most of a Home Inspection Before You Buy