A New Program to Help California Homeowners in Trouble on their Mortgage
Every once in a while, I am contacted by homeowners that want and need to refinance, but are unable to on account of high qualifying ratios, being underwater on their home, or because they lost their job. Unfortunately, I cannot help people directly when it comes to...Fannie Mae Offers 3.5% Closing Cost Assistance
This 3.5% assistance applies to Homepath properties, but it is available only during a small window of time. Homepath is an excellent financing program available for Fannie Mae-owned homes. Check out the features of Homepath in my previous blog, but as a quick...Delay to the Loan Originator Compensation Law (Updated)
Updated 4/6/11: As expected, the stay has been lifted and the appeal got denied. We are proceeding with the new compensation law. See my previous post regarding its details. The National Association of Mortgage Brokers won an appeal to the Loan Originator...New Compensation Law for Loan Originators: What it Means to You
A new law is going into effect on April 1st that regulates how much loan originators* will get compensated on each loan. Yes, this will affect me and everyone else in my profession, but it will also affect you too. The law has many complexities, but my goal here is...Loan Calculator
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