Simplified Home Loan Modification Program Recently Announced for Bay Area Home Owners

The Federal Housing Finance Agency (FHFA) recently announced a new, streamlined home loan modification program to help Livermore home owners who are behind in their payments or own a home with a mortgage that is under water. The purpose of the recently announced program continues to focus on … [Read more...]

3 Tips To Get The Best Results On Your Mortgage Application

Although the financial markets have tightened lending guidelines and financing requirements over the last few years, the right advice when applying for your Pleasanton home loan can make a big difference. Not all loans are approved. And even when they aren't approved immediately, it doesn't have … [Read more...]

Will I Need Mortgage Insurance on Your Bay Area Mortgage Loan?

Will I Need Mortgage Insurance on Your Bay Area Mortgage Loan?

Have you heard the term Private Mortgage Insurance (PMI) when looking to finance your Bay Area real estate purchase or refinance? You may be wondering what PMI is and how you know when you need to purchase it. These answers can be hard to find among all the real estate jargon you might be … [Read more...]

90% Combo loan Back in the Bay Area- No Mortgage Insurance Any More

Looking to buy a home with less than a 20% down payment? Possibly a purchase or Refinance to a 90% combined loan to value? Mortgage Insurance NO More! New combined loan programs allow for just that. Purchase amount up to: $833,333 at 90% CLTV (CLTV=Combined Loan to Value of the First and Second … [Read more...]

FHA To Change Its Mortgage Insurance Premium Schedule Monday, June 11, 2012

FHA To Change Its Mortgage Insurance Premium Schedule Monday, June 11, 2012

Beginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year and the fifth time in four years. Some FHA mortgage applicants will pay lower mortgage insurance premiums going forward. Others will pay more. The new premiums apply to all FHA … [Read more...]

The Positive And Negative of a Reverse Mortgage- Is it Right For Me?

Despite several big-name banks pulling the product from their respective home loan offerings, reverse mortgages remain a popular mortgage choice among homeowners aged 62 or over. What is a Reverse Mortgage? A reverse mortgage is exactly what it sounds like -- a mortgage in reverse. Rather than … [Read more...]

Mortgage Guidelines Resume Tighten As Bay Area Housing Booms

Mortgage Guidelines Resume Tighten As Bay Area Housing Booms

With an upsurge in demand, banks resumed tightening standards for residential mortgage loans, the Federal Reserve reported Monday in its quarterly survey of bank lending standards. Our nation's banks remain cautious about what they will lend, and to whom. Mortgage Standards for "Prime" … [Read more...]

Loans For Underwater California Homeowners Now Available- 3/19/2012

Loans For Underwater California Homeowners Now Available- 3/19/2012

  The new, revamped HARP program is now available in the Bay Area, California and  nationwide. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac with some lenders implementing it Monday morning. If you're underwater on your conforming, conventional … [Read more...]

Cost of San Francisco Bay Area FHA Mortgages Set To Rise In April

Cost of San Francisco Bay Area FHA Mortgages Set To Rise In April

Beginning April 1, 2012, the FHA is once again raising mortgage insurance premiums (MIP) on FHA purchases, FHA refinances for its newly-insured borrowers throughout the San Francisco  Bay Area and the country. The Cost of FHA Continues North It's the FHA's fourth such increase in the last two … [Read more...]

New California Underwater Refinance Guidelines Coming Soon: Unlimited Loan-to-Value And Same Great Rates

New California Underwater Refinance Guidelines Coming Soon: Unlimited Loan-to-Value And Same Great Rates

  The government's new, revamped HARP program is 6 weeks from release. Homeowners in California and nationwide are gearing up to refinance. HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the government's loan product for "underwater homeowners". HARP makes … [Read more...]