Home Loans

Wishing you all the good things that are part of this happy season.

The $8000 Homebuyer Credit has been extended to home purchase signed contracts up to April 2010 and escrow closing by June 2010.  Subscribe to my newsletter for more information regarding homeownership opportunities.

The unprecedented changes in the real estate world continue to evolve.  All indicators are pointing to continued change now and throughout 2010-2011.  The latest reports from the real estate community indicate that in many cases;   after a “short sale” offer is accepted, the contract is stipulating that the entire transaction  close in less than two

Residential homeowners whose mortgage has been sold to Fannie Mae, may be  able to qualify for a refinance loan that is 125% of the current appraised value.  This program helps some homeowners who have not had a major decrease in property value vs. the outstanding balance owed on their existing mortgage.  For more information, please call 310.925.1557.

This special program  is designed for low-moderate income homeownship in the State of California only.  Primary residences only:   single family house, condos, townhomes and MANUFACTURED housing.  It is NOT restricted to the common definition of a first time homebuyer.   You do not have to be first time homebuyer to qualify for the program.  Borrowers qualify under FHA

A new  FHA  first time homebuyer program has been released this week.  CHF Access allows for a ” one half of one percent downpayment”  vs. the current  minimum downpayment requirement of 3.5%.  If the potential buyer has minimal debt obligations,  it may be possible to support sales prices up to $325,000 using a sample 5.000%  for a

The Mortgage Disclosure Improvement Act of 2008 (“MDIA”)  is part of the Housing and Economic recovery Act of 2008.  (“HERA”) and amends the Truth In Lending Act.  Effective July 30, 2009, ALL lenders, whether a bank or mortgage banking firm,  must comply with the new requirements that impacts the timelines of when updated disclosures are reissued and the