This post is courtesy of Bill Ladewig, a mortgage broker who specializes in FHA, VA loans. Buyers should educate themselves on the revised Good Faith Estimate (GFE) due to come into effect in January. The revised GFE is another failed attempt to protect consumers, The problem is, consumers cannot be protected with forms because those […]
Good Faith Estimate – Buyer Beware Read More »
The Los Angeles area provides many neighborhoods which are populated by all ages and types of young adults. Young people are attracted to the culture, diversity, night life and entertainment venues as well as the interaction with people in their age range. Los Angeles encompasses many miles of cities which are heavily populated by this
If you are a a member of the California Public Employees Retirement System, Legislators Retirement System, Judges Retirement System, or employee of a California school district, school or community College or a public employee the CalPERS and CalSTRS loans allow you to purchase a home with little money down and affordable rates and fees. CalPERS
Malibu, an area of Los Angeles that contains some of the most expensive real estate in Los Angeles County and is home to countless movie stars, is about to lose the bulk of its septic tank systems after years of fierce debate. No new systems will be allowed and existing systems in central and eastern
Malibu to Ban Septic Tanks Read More »
The House of Representatives voted today to extend the home buyers tax credit, expanding it to include existing homeowners who have lived in their current residence for five a minimum of five years. The tax credit is extended until April 30, 2010 with an extension of 60 days if a binding contract is in place
Congress Approves the Expansion of the Home Buyers Tax Credit Read More »
There is plenty of information and advice about when to retire and take social security, but very little about managing your home equity with a view to retirement. Equity in your home is a big part of your overall portfolio. If you are married, this is approximately 70% of your non-liquid assets per a 2009
How Should I Use My Home Equity For My Retirement? Read More »
Here are some points to take into account when considering a Reverse Mortgage. What is a reverse mortgage: A reverse mortgage is a loan given to seniors on the equity in their home. It can be in one lump sum or several payments. In a conventional loan, amortized payments are made to the lender on
Should I Take Out a Reverse Mortgage? Read More »
Strange as it may seem, the less you put down on a house, the lower your interest rates will be. However, this may not always be of benefit to the borrower. For example, in late August a borrower putting $80,000 on a $400,000 purchase, with a good credit score, around 720, would have qualified for
Smaller Down-payments May Result in Better Interest Rates – But Read More »
In 1934 the Federal Housing Administration started its quest to help Americans become homeowners by offering them mortgage insurance on loans through FHA approved lenders. They wish to keep the dream alive that millions of Americans can secure a home of their own with affordable rates. So you have a mortgage and you are interested
