How Changing Your Exemptions Can Help You Make Your Mortgage Payment
Many home buyers take a look at their proposed total homeowner payment responsibilities (mortgage, property taxes, insurance and Mortgage Insurance, if applicable), and think, “There’s no way I can make that payment; I barely have enough take-home pay from...New Page Added: Mortgage Terms
I’ve added a new page! “Mortgage Terminology” can be found in the sidebar underneath “About / References.” I’ll add terms periodically and as they come up. If there’s anything missing that you’d like me to define,...Minimum Down Payment Requirements
I received a lot of additional questions to my January 26th post regarding the 5% down payment option, so I would like to go over down payment requirements for other property types and loan amounts. The following is limited to conventional loans. Down payment...ARMs: What Happens When They Enter Adjustment
I’ve received many calls recently from referrals and new clients asking about refinancing out of their ARM and into a Fixed Rate Mortgage. Depending on the value of their house, their credit score and qualifying, sometimes I can help them, sometimes I can’t. But...5% Down Payment, Conventional Loan Available
UPDATED JANUARY 13, 2010: Please refer to my most recent post regarding minimum down payment requirements. They are based on loan amount range as well as property type....CalHFA Loan Programs and Assistance Suspended
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...UPDATE: 2009 Appraisal Requirements: The Home Valuation Code of Conduct
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...Subscribe to my blog!
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...The Latest Interest Rate Happenings
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...Loan Calculator
Try for free!
Free eBook
