Big Changes to Mortgage Insurance Rules!
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...Spring Fling Cocktail Party and Vendor Fair
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,...Waiting to Lock?
If you’re waiting to lock an interest rate because you think that rates will continue to decrease, please remember to consider decreasing values. I’ve had some clients decide that it was best to hold out, and now when they’re ready to lock, their...Big Rally in Interest Rates
After news on the Fed’s announcement yesterday to continue to purchase mortgage-backed securities, interest rates started improving significantly. This morning’s rates were the bottom of what I’ve seen. If you were on my Watch List, you got a call...Chat with me!
I added the widget for “online chatting” to my blog. Scroll down and you’ll see the chat box in my sidebar. If you have any questions and I’m online, ping me and we can chat. Have a great week! Irene Share this: Share on Facebook (Opens in new...Interest Rate Update: the 5/1 LIBOR ARM
I’ve mentioned in previous posts that interest rates on 30 Year Fixed mortgages have been better and more competitive than any other loan products, namely Adjustable Rate Mortgages (ARMs). This has been the trend for the past 6 months or so. It is...Obama’s Making Home Affordable Plan: The Most Recent Details
There are two sub-plans to The Homeowner Affordability and Stability Plan. The first provides homeowners who lack sufficient equity the ability to refinance their loans. The second helps homeowners who have fallen behind on their mortgage payments the ability to...Your Payment Responsibilities as a Homeowner
Part of Homebuying 101 is what your payment responsibilities are as a homeowner. There are either 3 or 4 items, depending on how much you have to put down. Your Mortgage Payment Mortgage Insurance (not necessary when you have 20% or more as a down payment) Homeowners...Homeowner Affordability and Stability Plan: FAQs
Part of Obama’s attempt to stabilize our housing market is the Homeowner Affordability and Stability Plan. There are two initiatives that are included within this plan. One is for homeowners that have between an 80% and 105% Loan-to-Value ratio in their home...Loan Calculator
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