Category Archives: Mortgage info

First Time Homebuyer Tax Credit Extended

First Time Homebuyer tax credit extended until April 30, 2010 with a new tax credit for move-up buyers as well. Continue reading

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NEW California Mortgage Fraud Laws

Finally. Some new laws have been passed in California to better protect consumers against mortgage fraud, which is rampant (I understand CA has the 4th highest % of mortgage fraud). If you are in the process of shopping for a … Continue reading

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What You Should Know About FHA Loans

Some things to know about FHA financing. Continue reading

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Mortgage Protection Program for California First Time Buyers

The California Association of REALTORS has announced a new mortgage protection program for first time buyers in California through their Housing Affordability Fund (HAF). You COULD receive up to $1500 per month for 6 months to help pay your mortgage … Continue reading

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New Fee Coming for Condo Purchase Loans

Be aware of the new Fannie Mae fees on condos effective April 2, 2009. Continue reading

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Watch Those Mortgage Rates

Here is the 2008 fixed rate mortgage trend. Keep an eye on those rates – you may not want to miss an opportunity. Continue reading

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Your MOST Important Mortgage Question

As a new buyer you will have a zillion questions. You should. And you should ask them. Don’t ever feel badly about asking questions, even if you think you know the answer. You won’t learn otherwise, and you might make … Continue reading

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Using GIFT MONEY for a Downpayment

Need more money for a down payment? How about using gift money? Continue reading

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Well, They Did it Again!

As you probably know, the FEDS reduced the interest rate again just a short time after lowering it in early January. Keep in mind that this does NOT mean that the mortgage rates will go much further down – they … Continue reading

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Will the Fed's Rate Cut Help Mortgage Rates?

$   $   $   $   $   $   $   $   $   $   $   $   $   $   $   $ Everyone knows by now about the dramatic rate cut … Continue reading

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