by Irene Moustakas | Oct 13, 2010 | Uncategorized
If you are purchasing or refinancing, one of the biggest components to getting approved for your loan is the appraisal. For some, equity is a non-issue, but for others, the appraisal can make or break the deal. When the home’s appraised value comes in lower than...
by Irene Moustakas | Sep 24, 2010 | Uncategorized
This blog post is a contribution by my friend and interior-designer extraordinaire Kathy Sturr. Check out her website Inside-Out Designs and subscribe to her blog. She has amazing insight and tips! Here’s what Kathy has to say about preparing for Fall with...
by Irene Moustakas | Sep 20, 2010 | Uncategorized
In California, your property taxes are based on 1.25% of the purchase price at which you bought your home. For example, if you buy a $500,000 home, your annual taxes will be $6250, or $520.83 monthly. They can and will increase based on certain limits instituted by...
by Irene Moustakas | Aug 19, 2010 | Uncategorized
It was only a few months ago that HUD increased FHA’s Upfront Mortgage Insurance Premium (UFMIP) from 1.75% to 2.25%. HUD will now decrease the UFMIP down to 1.0%, but will increase the monthly mortgage insurance amount from .55% to .90%. Let’s see how this truly pans...
by Irene Moustakas | Aug 5, 2010 | 1st Time Homebuyers, Industry News, Loan Programs and Products
For those of you in the market to purchase a home, you should definitely check out www.homepath.com This program is for the purchase of Fannie Mae-owned homes. Some of the program’s main highlights are: Low down payment (as little as 5% down on conforming loans or...