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 Rising: Will Mortgage Rates Go Up in California?
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 […]
Closing Cost Assistance for CA Fannie Mae Foreclosed/REO Bank Owned Homes
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 […]
How FICO Credit Report Disputes Can Get Your Home Loan Denied or Delayed
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 […]
$8000 Home Buyer Tax Credit For Militay Still Available Until April 30th, 2011
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 […]
FHA Monthly Mortgage Insurance Premiums Going Up Again for CA Home Buyers
Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points.
USDA Rural Home Loans are Now Charging Monthly Mortgage Insurance for CA Home Buyers
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, […]