by Irene Moustakas | Sep 26, 2018 | Loan Programs and Products
Many homeowners have reached out to me the past few months asking how best to to tap into their home’s equity and get a cash out loan. The reasons are multiple, but they are usually for one of the following reasons: home improvement projects pay off debt to use the...
by Irene Moustakas | May 29, 2018 | Uncategorized
I have updated my First Time Homebuyer e-book with current and updated information. Check it out, and feel free to share it as a resource! Financing Your First Home Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new...
by Irene Moustakas | Mar 28, 2018 | Featured, Industry News
Cryptocurrency is becoming more prevalent in the marketplace, and more people are hoping to use it as proof of an established asset they own to be used for down payment, closing costs or reserves. However, at present, lenders and underwriters consider it unchartered...
by Irene Moustakas | Jan 11, 2018 | Featured, Industry News
Increased rental and housing prices have created a crisis in California, so the “Affordable Housing Fee” (Senate Bill 2) was passed last year, and is in effect as of January 1, 2018. This bill creates a funding source for affordable housing, collected through...
by Irene Moustakas | Dec 13, 2017 | Featured, Tips
The first step you should take if you are considering buying a home is to have a mortgage professional help you determine how much you will qualify for. To follow are the typical steps and explanations that I go through with my clients. I will provide a sample...
by Irene Moustakas | Dec 4, 2017 | Featured, Industry News
Great news – The Federal Housing Finance Agency is increasing conforming loan limits again in 2018! New conforming loan limit will be $453,100, and high-balance loan limit will increase to $679,650 for high-cost counties. Lenders are also accepting locks and...
by Irene Moustakas | Oct 24, 2017 | Featured, Industry News, Loan Programs and Products
Fannie Mae recently announced a student loan refinance program, which allows homeowners to use their homes’ equity to pay off student loan debt. This is a special program, and even though you’re tapping into your home equity, you are not getting charged a “cash-out...
by Irene Moustakas | Jul 10, 2017 | Featured, Loan Programs and Products
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by Irene Moustakas | Jul 6, 2017 | Featured, Industry News, Loan Programs and Products
The lending landscape has lightened up, and with it new programs and opportunities have become available. Here are some niches that I can assist with, along with a brief explanation of the program. Future Income Program – allows a borrower to close a loan 120 days...
by Irene Moustakas | Jun 27, 2017 | Featured, Loan Programs and Products
Did you know you have options in paying or avoiding Private Mortgage Insurance (PMI)? PMI is charged by the lender when you do not have 20% down payment. It is insurance to protect the lender (not you) against you defaulting on the mortgage, since you are considered...