As we open in September it is looking to be a great month for extremely low rates.  We have hit a new low.  Yes rates have been low but now they are even lower.  We are quoting in the LOW 4′s for 30 year fixed loans and the high 3′s for 15 year fixed loans.  [...]

FHA is the single hottest loan in Northern California.  With a limited amount required down (3.5%) and more relaxed income and asset requirements FHA is the way most new Homebuyers are going.     As of October 4th the cost of having an FHA loan will INCREASE MONTHLY for the first 5 years.  Let’s look at [...]

  If you are purchasing or refinancing a home with a loan (not FHA) DO NOT BUY ANYTHING WITH YOUR CREDIT CARDS. As of June 1st Fannie Mae is requiring lenders to check the borrowers credit right before funding.  If anything changes on your credit your loan that you already have signed loan documents on could [...]

In this market it is key to work with a lender that is well informed and has your best interest at heart.  Unfortunately, not every buyer is so fortunate.  Today I was surprised when a person I was pre qualifying told me they were leaving their job in 3 weeks and they had no other employment [...]

California first time homebuyer tax credit of up to $10,000.  Governor Schwarzenegger signed AB 183 into law, offering a First Time Homebuyer Tax Credit to home buyers buying their first home or purchasing newly construction, previously unoccupied homes.  The credit will be extended from May 1, 2010 to December 31, 2010.   Last year, funds for [...]

With the resurgence of FHA home loans, many home owners are wondering if they can benefit from an FHA loan. The truth is that you may or may not benefit by converting your existing loan into an FHA loan when you refinance. Some of the factors that can determine if an FHA loan is right [...]