The world has been turned upside down by the COVID19 pandemic and the mortgage industry has not been immune to those changes As an industry we been on a rollercoaster ride with interest rates as the market adjusts with every bit of information that comes out about the pandemic. We have also had to quickly […]
The 2019 Loan Limits for Southern California are now in effect. Conventional, FHA and VA loans all now new higher conforming and high balance loan limits for 2019. Let’s start by looking at the 2019 Loan Limits for conforming loans These limits apply to all conventional and FHA loans in all counties throughout the U.S. […]
How to pay for home improvements A remodeling project may involve lots of choices but you have fewer choices on how you pay for home improvements. Cash, credit cards and personal loans are always an option. So are the traditional home equity lines or cash out refinances. But what if the home is not worth […]
Are adjustable rate mortgages worth the risk? With interest rates on the rise, some people are getting a bit nervous and are looking towards adjustable rate loans as a possible solution. But are adjustable rate mortgages worth the risk? Homebuyers often focus on obtaining the lowest possible rate on a 30-year loan, but most loans […]
Your past doesn’t have to get in the way of your future The financial challenges of the past don’t have get in the way of your future. If you had a bankruptcy, foreclosure or short sale in the last few years, you are not alone. There were OVER 7.7 million foreclosures between 2007 and 2016** […]
BIG News- CalHFA just announced a huge change to their down payment assistance income limits. CalFHA offers down payment and closing cost assistance to first time homebuyers purchasing in California. The program is intended to help low and moderate income families which means that there are income limits that must be met. Up until the […]