FHA loan limits in OC and other cities
Monday, March 10th, 2008Orange County has received the maximum allowable loan increase to $729,750 (175% of the previous conforming limit of $417,000). FHA Max Loan Limits
Archive for the ‘Lending’ Category
Orange County has received the maximum allowable loan increase to $729,750 (175% of the previous conforming limit of $417,000). FHA Max Loan Limits
How the financial markets are shaping up.
Friday, March 7th, 2008Recently we got an email from a Countrywide representative. It's a well constructed email that explains some of the challenges of current financial markets. I'll let you drawn your own conclusions. Email -------------------- I wanted to personally thank you for attending our Broker Preview Feb 13th. I trust that the Short Sale ...
Free Money… Fact or Fiction?
Saturday, March 1st, 2008Is there such a thing as Free Money? Or does the old adage “there is no free lunch” say it all? There are many sayings that reinforce the belief that everything comes at a cost. In general, I agree. There are however, times of opportunity in the financial markets ...
Fed Cuts May Not Mean Lower Interest Rates
Friday, February 29th, 2008Heres an article I found that clarifies why this may be true. The Federal Reserve has been on a rate cutting spree once more. Many mortgage applicants are calling their mortgage representative and expecting a lower interest rate. Others who have been waiting to refinance are puzzled as to why mortgage rates ...
Discount Points…
Thursday, February 28th, 2008Should someone pay points to get a lower interest rate or not. This is a very common question that a customer asks. Some clients like to pay points and some would rather not. When you pay "points", you pay interest in a lum sum upfront to get a lower rate ...
How To Avoid Predatory Lending
Tuesday, February 19th, 2008Protect Yourself from Predatory LendersBuying or refinancing your home may be one of the most important and complex ...
Just Walk Away
Tuesday, February 19th, 2008A growing trend in today’s market are homeowners that choose to walk away from their mortgage payment, not because they can’t afford the home, but more so because of loss of equity. This is even more of a reality for those that ended up borrowing 100% for the purchase. Some ...
10 ways to improve your credit score
Wednesday, February 13th, 2008Ten Ways to Improve Your FICO Score Provided by the credit scoring experts at myFICO.com When you apply for credit, your credit score helps lenders decide how likely it is that they will get paid back on time. The most widely used credit bureau scores are developed by Fair, Isaac and Company. ...
Fannie Mae has revised their condo guidelines – Ouch!
Monday, December 17th, 2007Most notable is the elimination of Investor Loans for all condos. · Loans secured by units in new condominium projects are no longer eligible. A new project is a project in which (a) fewer than 90 percent of the ...