What is the HomeReady™ Program and Do I Qualify?
We’ve been hearing a lot of talk lately about Fannie Mae’s HomeReady™ Program but what is it and how can it work for you? This program is designed for today’s homebuyers. It is designed for creditworthy, low to moderate income borrowers. This program...Foreclosure or Short Sale- What is Worse For Your Credit Score
Since the economy took a downturn in 2008/2009 there are still a larger number of homeowners who are underwater on their home loans meaning they owe more on their mortgage than their home is currently worth. This has lead homeowners to wonder what will happen to their...When Does Refinancing Make Sense?
If you’re considering a refinance you’re probably doing your research beforehand, hence why you may have stumbled across this post. Refinancing a home loan can be a great idea for many reasons, pulling money out for remodels, lowering payments, or...
Could the Pre-Approval Letter Be Pointless?
You may have heard the term “pre-approval” or “pre-qualification letter” and how vital they are to the home buying process. A pre-approval, sometimes referred to as pre-qualification or a preliminary loan approval, is one of the first steps...3% Down Payment Home Loan With No Mortgage Insurance
What’s stopping you from buying your dream home? Maybe your first home? Is it the downpayment? The monthly commitment? The additional fees? Are you just plain apprehensive about making such a big purchase? Did you know about the 3% down payment option? Many home...How To Appeal Your Property Tax Bill
Appeal Your Property Tax Bill the Smart Way Has the Value of your home decreased—but your property taxes have not? When property values go up, the assessor’s office had no problem raising your taxes, right!?! So why are they reluctant to decrease your taxes? Because...Are Low Down Payment Mortgages The New Normal?
First Time Home Buyers embrace opportunity to put less down Both Fannie Mae and Freddie Mac introduced low down payment mortgages nearly two years ago, and slowly but surely the product has made it’s way into the market with both big and small lenders. In a...FREE CREDIT REPORT
FREE CREDIT REPORT Looking for an insight into your credit score before applying for a mortgage? Don’t forget to take advantage of three free credit reports each year. Free? Yes, FREE! Each of the three nationwide consumer reporting agencies (CRAs) — Equifax,...How Much Home Can You Afford?
How much home can you afford? Find out your best affordability with a home loan in Orange County, CA! Maybe you’re wondering if you can afford a home in Orange County? The conforming loan limit is 625,500. While there is no calculator to absolutely determine...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.