Last week, California rates fell to all-time lows (again) Thursday. By Friday morning, though, pricing was worsening on profit-taking and in preparation for this week — a week that promises to be heavy on both data and rhetoric.
Tag Archives | Menifee
Reason #67 Why a Short Sale May Be Better Then Foreclosure or Strategic Default
There are many reasons why a short sale in California is often the better option compared to a foreclosure, strategic default, or even keeping your home, but this post will cover one big reason (soon coming) that is lurking in the FHA Reform Act bill that just passed the House of Representatives with an overwelming majority.
HUD Allows FHA Home Loans for Purchase of California Investor ‘Flip’ Properties
HUD/FHA just announced a wiaver for home buyers in the Inland Empire region (Temecula, Murrieta, Menifee, Lake Elsinore, Corona, Riverside, Norco, Ontario etc) of California where they can now appply for FHA home loans to purchase investor flip properties that have been owned for less than 90 days by the seller. This is great news for all of us in Riverside and San Bernardino County where there are many investors buying foreclosed homes, rehabbing gthem, and selling back to first time homebuyers.
California FHA Monthly MI Premiums Approved To Triple In Cost! How will it affect you?
In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.
What’s Ahead For California Mortgage Rates: June 7, 2010
Market momentum is currently in the rate shoppers’ favor. We entered the weekend with rates falling and they look poised to open Monday no worse.
CA FHA CHF ACCESS Govt. Home Purchase Loan Requires Only 1/2% Down Payment
While funds last, residents of California can receive Down Payment Assistance for a home purchase using the FHA CHF ACCESS loan that requires only 1/2% (one half) down payment. This will help both first time and move-up or second time home buyers more easily qualify for an FHA home home when buying in Temecula, Murrieta, Menifee, Lake Elsinore, Canyon Lake, Corona, [...]
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