by Irene Moustakas | Dec 20, 2022 | Featured, Loan Programs and Products
If you need to tap into your home equity and you have secured an interest rate in the 2% and 3% range of yesteryear, then it would be quite difficult to relinquish that amazing rate by doing a cash-out refinance on your 1st mortgage. Your alternative option to access...
by Irene Moustakas | Mar 28, 2018 | Featured, Industry News
Cryptocurrency is becoming more prevalent in the marketplace, and more people are hoping to use it as proof of an established asset they own to be used for down payment, closing costs or reserves. However, at present, lenders and underwriters consider it unchartered...
by Irene Moustakas | Jan 11, 2018 | Featured, Industry News
Increased rental and housing prices have created a crisis in California, so the “Affordable Housing Fee” (Senate Bill 2) was passed last year, and is in effect as of January 1, 2018. This bill creates a funding source for affordable housing, collected through...
by Irene Moustakas | Dec 13, 2017 | Featured, Tips
The first step you should take if you are considering buying a home is to have a mortgage professional help you determine how much you will qualify for. To follow are the typical steps and explanations that I go through with my clients. I will provide a sample...
by Irene Moustakas | Dec 4, 2017 | Featured, Industry News
Great news – The Federal Housing Finance Agency is increasing conforming loan limits again in 2018! New conforming loan limit will be $453,100, and high-balance loan limit will increase to $679,650 for high-cost counties. Lenders are also accepting locks and...
by Irene Moustakas | Oct 24, 2017 | Featured, Industry News, Loan Programs and Products
Fannie Mae recently announced a student loan refinance program, which allows homeowners to use their homes’ equity to pay off student loan debt. This is a special program, and even though you’re tapping into your home equity, you are not getting charged a “cash-out...