The Department of Housing & Urban Development (HUD) announced Friday January 28th it will extend the suspension of their rule that prevents FHA from insuring a home loan that’s being used to purchase a home that’s been owned than 90 days by the seller. The extension is good until January 1, 2012. This rule was […]
Renegotiating the interest rates or consolidating your credit card debt prior to qualifying for a home seems to make sense, right? After all, credit card debt left unchecked can pile up quickly, especially if you are making the minimum payments. However, one of these actions can cause your home loan approval to get denied. So […]
Starting April 1, 2011, the government is increasing loan-level pricing adjustments (higher fees)…..and that’s no joke! Most conforming mortgage applicants will face higher loan costs.
Mortgage markets improved for California last week during a rainy and holiday thinned series of sessions on Wall Street. This week, it’s back to normal…..sort of….
With 2010 coming to a close, the “experts” are out in full force, making predictions for next year’s housing and mortgage markets on business television and in the papers.
The GSFA Platinum Grant is a California down payment assistance program that provides up to 5% of the loan amount in the form of a non-repayable grant to support responsible and sustainable homeownership for eligible California home buyers. The Golden State Finance Authority (GSFA) Platinum Grant provides assistance for moderate to high income wage earners throughout all […]
Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.
