Credit Reporting and How to Avoid Junk Mail
I had a meeting with a client the other day and we were discussing credit reports and how many pieces of junk mail he receives from credit card companies soliciting him to open up new credit cards. Obviously he’s on some list (or lists) because, if you’re not aware,...First Time Homebuyer Program: CalHFA
California Housing Finance Agency (CalHFA) is a state-sponsored agency that offers affordable solutions and down payment assistance programs to first time homebuyers. To get a CalHFA loan, one must adhere to the following requirements: First time homebuyer (by...Economic Theory: “The Hemline Index”
This is silly, but certainly amusing! The Hemline Index is a theory purporting that skirt lengths and the economy coincide. The shorter the hemline, the stronger the economy; the longer the hemline, the weaker the economy. Check this out… Hemlines hiked up in the...If Your Monthly Payment is About to Reset…
I want to share a situation that comes up all too often in this market: I got a call a few weeks ago from a woman that bought her condo in 2005 with a 5% down payment. She was put in a 3/1 Interest Only ARM (fixed at a set interest rate for the first 3 years of the...Consumer Price Index 8.14.08
I know, I know… we don’t need an official report to tell us this, but here it is anyway. The overall July Consumer Price Index (CPI) came out this morning and the reported figure was a hefty 0.8%. The CPI is the economic measure of consumer inflation and...My Interest Rate Watch List
One of my fortes in my business is that I’m constantly monitoring the market and interest rate trends – always daily and often hourly. If you’re ever curious where they’re headed or WHY they’re headed that way, I’d be happy to talk...Interest Rate Graph
We’re in an extremely volatile market and it isn’t unusual to get multiple interest rate changes within a single day. It feels like lenders are quick to increase rates when the market is doing poorly, and slow to improve rates when the market is doing...New Conforming Loan Limits Beginning January 1, 2009
UPDATE to conforming loan limit changes are reviewed on 3/29/09 here: http://loansbyireneblog.com/2009/03/28/explaining-the-conforming-loan-limit-changes/ Many of you are already aware of one of the major components of the Economic Stimulus Plan: the temporary...Welcome!
I’m pretty excited about this new adventure in blogging that I’ve decided to embark upon! I have a wealth of information to share pertaining to mortgages, the market, lending guidelines and the industry as a whole. I’m constantly researching and am...Loan Calculator
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