Mortgage rates in California improved early last week as a result of worries about Eurozone sovereign debt default and the U.S. employment report showed the economy’s rebound to be moving slower than originally anticipated. In Greece, the nation readied itself for its second bailout in two years. The bailout measures from last year have not […]
With our elected officials proposal to increase the FHA down payment requirement to 5%, and FHA wanting to increase the monthly mortgage insurance premium to 1.5%, every prospective home buyer should be asking themselves is now a good time to buy and how would these increases affect me? Prospective home buyers often ask me […]
The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month.
Brad Yzermans works for a local Temecula-Murrieta Mortgage Broker and Direct Lender Bank offering FHA, VA, USDA, HomePath, Conventional, and Down Payment Assistance home loans. Being able to broker along with being a direct lender bank gives home buyers more loan options, fewer qualifying restrictions, and a greater chance of qualifying for the best loan, […]
Inflation pressures are rising in the United States, especially California. The Consumer Price Index will come out Friday to support what we all know. How will it impact mortgage rates and home affordability in California? More commonly called “The Cost of Living Index”, CPI measures cost changes in the typical items bought by American households. Among […]
Fannie Mae HomePath just announced a special 3.5% closing cost assistance program for Inland Empire California home buyers who purchase a Fannie Mae foreclosure REO bank owned home. The limited 3.5% incentive requires buyers submit request with initial offer after June 14, 2011, and must close escrow before October 31, 2011. This is a great […]
Most homebuyers are not aware that disputing a tradeline account on your FICO credit report can actually get your home loan denied or delay the closing. In an attempt to improve or repair a credit score when preparing to finance a home purchase or refinance, many homebuyers hire ‘credit repair’ companies who will dispute […]
