by Irene Moustakas | Jan 20, 2009 | Loan Programs and Products
California Housing Finance Agency (CalHFA) is and has been an excellent option for first-time homebuyer financing. Unfortunately, it has been temporarily suspended. CalHFA provides its loans through state-issued bonds, but because of our state budget crisis, there are...
by Irene Moustakas | Jan 14, 2009 | General Market News, Industry News
I wrote a blog post on this subject in September. To get a better understanding of its foundation, see my previous post: http://loansbyireneblog.com/2008/09/02/for-better-or-for-worse-new-appraisal-process-come-january-2009/ Essentially, the Home Valuation Code of...
by Irene Moustakas | Jan 12, 2009 | Business Promotion, Miscellaneous
Hello! Please remember that you can subscribe to my blog using the link to the right. Subscribing allows you to receive updated blog entries directly in your email inbox. You will not get spammed nor solicited in any way. Please let me know if you have any questions...
by Irene Moustakas | Jan 8, 2009 | General Market News, Industry News, Rates
Interest rates are incredible, but I want to point out some recent limitations to these excellent rates. Normally, in terms of points vs. no points vs. no points/no fees, interest rates tend to work in .25% increments. For example, you would be quoted in the following...
by Irene Moustakas | Jan 4, 2009 | Miscellaneous, Tips
Many homeowners are getting that letter in the mail – the one that states how home values in the area have dropped and they are freezing your equityline. Other homeowners have gotten notices that their equityline is officially closed. When your equityline is frozen....