Periodically, the California Association of Realtors sends out emails on different topics. This month’s One Cool Thing caught my eye for it points out how it is effecting everyone who has tried to get a home mortgage since the 2008 financial crisis and the subsequent enacting of the Frank, Dodd bill. Hopefully anyone who has […]
Take out a home loan for less than 30 years and save big bucks
The headline below sure caught my eye when reading the newsletter I get from the CALIFORNIA ASSOCIATION OF REALTORS® called C. A. R. Newsline. Freddie Mac has released the results of its third quarter 2013 quarterly refinance analysis, showing that borrowers are continuing to take advantage of near-record-low mortgage rates to lower their monthly payments, shorten their loan terms, and overwhelmingly […]
Beginning January 1st, many new home loan requirements and limits take effect
Last week, the Federal Housing Administration (FHA) announced it was reducing the loan limit for FHA-insured loans from $729,750 to $625,500 beginning Jan. 1, 2014. In California, it has resulted in reductions of an average of more than $100,000 statewide. What this means to all home buyers, with the tightening of many of the requirements […]
Napa Valley Fannie and Freddie loan limits are to be lowered come next year
This article caught my eye when reading the newsletter I get from the CALIFORNIA ASSOCIATION OF REALTORS® called Market Matters. According to the mortgage person I use quite a bit, he feels the current Napa Valley conforming loan limit of $592,250 will be lowered to $417,000. Given that some of the current interest rates for loans over $417,000 are […]
With interest rates rising, will there be more adjustable mortgages. If yes beware of LIBOR
Many will immediately ask, what is LIBOR? LIBOR is the London Interbank Offered Rate. Simply, it’s the interest rate that banks are prepared to pay to borrow money from each other. Every day, the group who sets the LIBOR rate gets from 18 banks how much interest they would pay to borrow money from another bank. They toss […]
Buying a home and in escrow; some things not to do which could get your loan canceled
You have your dream home in escrow, the loan has been approved and you are just chomping at the bit to buy that new sofa you always wanted. How do you afford this purchase, put it on a credit card? By doing so you are putting yourself at risk of having your loan reviewed and […]
Home loans interest rates break the 4% barrier, what is your reaction, panic? A little perspective to keep in mind
Are you looking to buy a home, maybe to refinance your current home? What is your reaction to all the headlines today now that home mortgage rates are above 4%? Panic or the opposite and put your head in the sand and beat yourself up chanting I should have done so sooner. Thus the following article […]
- 1
- 2
- 3
- …
- 5
- Next Page »
