For certain members of the military, there’s just 2 months remaining to receive the $8,000 the federal home buyer tax credit. Combine this with the VA home loan 100% financing no down payment program, and there will be some very happy Camp Pendleton Marines buying homes in Temecula, Murrieta, Menifee, and other cities in Riverside […]
Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points.
In a surprising announcement, the USDA Guaranteed Rural Development Home Loan Program announced starting October 1st, 2011, they will begin collecting (charging) monthly mortgage insurance of .3%, but their up front mortgage insurance will be reduced from 3.5% to 2%. If you are unfamiliar with the no down payment 100% financing USDA Guaranteed home Loan, […]
Mortgage rates in California worsened for the 7th straight day Tuesday, equaling the longest losing streak of the last 5 years. Because of the rising rates, homeowners have lost roughly 10% of their purchasing power since November. Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same. This […]
Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.
Home sellers that want to sell quickly should take a listen to this 3-minute interview from NBC’s The Today Show. It’s loaded with practical advice.
Qualifying for a Temecula/Murrieta/Menifee FHA Mortgage is not as difficult as you might think. It starts by gathering the common pre-approval documentation that will be needed by the Loan Officer to complete your loan application and structure your file properly. The three primary criteria that determine if you qualify for a Temecula/Murrieta/Menifee FHA mortgage, and for how much, are these […]
