In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing week. Rates are rising.
Applying For A Mortgage Soon? Shoppers Beware. Don’t Open New Credit Cards On Black Friday.
Shoppers should think twice about opening a new credit card when preparing to purchase a home. It’s expensive to have a low credit score – more expensive than the money saved by opening a card at the mall.
Riverside Cty. First Time Home Buyer Downpayment Assistance Program (CHDAP)
The California Housing Finance Agency (CalHFA) made it easier for Riverside County first time home buyer’s to qualify for the CHDAP 3% down payment/closing cost assistance program. This will greatly benefit people buying in Riverside County cities of Temecula, Murrieta, Menifee, Corona, Riverside, Lake Elsinore, and Moreno Valley. Why? Because CalHFA reduced the buyers minimum […]
Better Credit Scores Get Better Mortgage Rates
Mortgage approvals are based on a borrowers income, down payment or equity, and credit rating. Without all three, the best possible rates are untouchable due to risk based pricing penalties. Is it time to do something about your credit score?
Time To Refinance? Mortgage Rates Down 1.00 Percent Since April
The rate-and-fee combination you get in California is different from the rate-and-fee combination you’d get if you lived somewhere else. In the West, rates are low and fees are high; in the Southeast, it’s the opposite.
See What Actions Can Lower Your Credit Score and by How Much
The company behind the popular FICO scoring model has published a “What If?” series for common, specific credit missteps. With minimum FICO score requirements increasing to 640, you need to plan a head with an experienced Loan Officer on what steps you need to take.
What’s Ahead For California Mortgage Rates: October 18, 2010
Mortgage markets worsened last week in back-and-forth trading, pushing conforming mortgage rates higher on the week. Data coming out this week could push rates lower…or higher, depending on the data. Are you prepared to take action?