Major changes to fha loans

HUGE change to FHA refinances

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Mortgage Knowledge

There is a HUGE change to FHA refinances coming this September 1st HUD released a statement on August 1st, 2019 detailing a huge change to FHA refinances effective with case numbers issued on or after September 1,2019. Up until now, FHA refinances have allowed homeowners to cash out up to 85% of their home’s value.  […]

Markets In a Minute Update

Good News For Rates

Posted Leave a commentPosted in Mortgage Knowledge

Markets In A Minute for week ending March 8, 2019: Good news for rates This week on The Markets In a Minute: Good news for rates. Prefer video to reading? The click now! Wholesale prices barely rose in February, after falling for 3 straight months. This is a sign there is little inflation pressure in […]

What is a jumbo loan?

What is a jumbo loan?

Posted Leave a commentPosted in Buyer Tips and Advice, Mortgage Knowledge

Have you ever wondered, “what is a jumbo loan?” Well, I have the answer for you. A jumbo loan is a loan that exceeds the conforming loan limit. “Great, ” You say, “but what does that mean? How much is that?” For 2019, the conforming loan limit for a one unit property in any county […]

2019 Loan Limits Southern California

2019 Loan Limits for Southern California

Posted Leave a commentPosted in FHA Loans, Loan Progams, Mortgage Knowledge, USDA loans, VA Loans

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

Posted 1 CommentPosted in Buyer Tips and Advice, Loan Progams, Mortgage Knowledge

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 […]

Fixed vs ARM mortgage options

Adjustable Rate Loans worth the risk?

Posted Leave a commentPosted in Buyer Tips and Advice, Loan Progams, Mortgage Knowledge

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 […]