Student loan guidelines

FHA Student Loan Guidelines Change

Posted Posted in Buyer Tips and Advice, FHA Loans, Loan Progams, Mortgage Knowledge

Are you are one of the approximately 44.7 million Americans* with student loan debt? Then the HUD announcement changing the FHA student loan guidelines on June 17,2021 is good news for you! The changes to how FHA treats student loans could open up expanded borrowing power for many of us in the U.S. Background Prior to […]

2021 Southern California Loan Limits

Posted Posted in Mortgage Knowledge, The Mortgage Minute Series

Now that we are well into January, I thought it would be a good idea to look at the 2021 Southern California loan limits. Oh, if you prefer to watch rather than read, then click on the video below.  You can also head over to my YouTube Channell to check out other videos in the […]

Mortgage refinance costs

Conventional mortgage refinances just got more expensive

Posted Posted in Economic Market News, General Commentary, Mortgage Knowledge

That’s right, conventional mortgage refinances just got more expensive. Both Fannie Mae and Freddie Mac issued bulletins on August 12,2020 announcing the implementation of a new “Adverse Market Refinance Fee”  which will apply to all conventional refinance mortgages closed on or after September 1, 2020.  The bulletins state that the new fee of 0.5% of […]

Economic impact payments

Economic Impact Payments fall short for many

Posted Posted in General Commentary

The Economic Impact Payments are eagerly awaited by many of us in the US. However, the way the policy is written, the payments will leave many out in the cold, or at least a bit chilly. But first, please note that I am NOT a tax expert and you should consult a tax professional or […]

empty mortgage payment assistance

Is the offer of mortgage payment assistance an empty gesture by the banks?

Posted Posted in General Commentary, Mortgage Knowledge

The offer of mortgage payment assistance was received with great enthusiasm as the financial impact of COVID-19 continues to grow. The idea of losing your home, ruining your credit or even incurring a late fee is something most Americans would like to avoid. But is it really what you think it is? Did the banks […]

FHA issues COVID19 guideline changes

Posted Posted in Community information, Mortgage Knowledge

FHA issues COVID19 guideline changes in the latest Mortgage Letter in an effort to assist the mortgage industry in continuing operations. FHA is the latest agency to adjust its appraisal and employment verification guidelines as the chaos from the the COVID19 pandemic continues. With many states, such as California, issuing shelter in place orders, conducting […]