by Irene Moustakas | Apr 8, 2009 | Industry News, Tips
Lenders are accepting broker-ordered appraisals (i.e. from me) when any application is dated and submitted by the borrower before May 1st, 2009. If you date your application May 1st and after, then we have to go through Appraisal Management Companies (AMCs). The...
by Irene Moustakas | Apr 7, 2009 | Industry News, Loan Programs and Products, Tips
Lenders are slowly starting to roll out the Making Home Affordable program, which will allow some homeowners to refinance their mortgages up to 105% of their home’s value. The background of this program can be found here. First things first: You need to see if...
by Irene Moustakas | Mar 28, 2009 | Industry News, Loan Programs and Products
The government keeps re-establishing new conforming loan limit changes, which I understand has gotten confusing! When we take into account how long it takes for all the different entities to determine their part to the solution, it can take a while for the changes to...
by Irene Moustakas | Mar 26, 2009 | 1st Time Homebuyers, Industry News, Loan Programs and Products
Mortgage Insurance is required when you have less than 20% down. It serves to protect the lender in case you default on your mortgage (because by putting less than 20% down, you are deemed a more risky borrower). If you’re in this down payment bracket of less...
by Irene Moustakas | Mar 23, 2009 | Miscellaneous
For those of you who are local, Viva La Diva Parties is throwing a great event at the Sheraton in Sunnyvale this Thursday, from 6 to 9pm. Spring Fling Cocktail Party and Vendor Fair It includes live music, buffet, cocktails, networking, shopping and a fashion show,...