There are many loan programs available to homebuyers in San Diego County and beyond. Maybe someone told you that you need a down payment of twenty percent in order to buy a home or condo. Believe it or not, there are programs available for individuals who are obtaining a loan for more than 80 percent […]
Buying a Los Angeles Home, What is Mortgage Insurance Read More »
With nearly 800 HomePath properties available here in Los Angeles & Ventura counties and more than 50 more coming up soon, I get numerous calls/emails asking me about these properties. And now, Fannie Mae has special incentives for owner occupied buyers to provide 3.5% towards their non-recurring closing costs. Just this week, I’ve already received
What is a HomePath Property and How Can I Buy One? Read More »
Okay … I want to know. WHO started the rumor that you need 20% down to buy a home? Whoever it is, we need to get to them and straighten them out. We need to educate them about the real opportunities that currently exist in the home buying market and mortgage lending today! This rumor floating around is
Down Payment Requirements for your Los Angeles Home Read More »
Tick…tick…tick That’s the sound of time slipping away on lower-priced mortgages, smaller-downpayments, lower interest rates, and cheaper closing costs. Getting worried? If you’re a first-time buyer … or live in a high-priced region of our country … maybe you should be. As of April 1st and after … there are many things in play
Los Angeles Mortgages are Still Low – Don’t Miss your Window of Opportunity Read More »
Gene Mundt is a mortgage banker with Chicago Bancorp in Chicago. He writes extremely insightful articles on the mortgage industry. Much of what Gene writes is universal and relates to the Los Angeles home buyer. Today, Gene talks about the language of real estate financing. If you are buying a home in Los Angeles you
Understanding the Language of Real Estate Financing Read More »
A recent article in the Los Angeles Times addressed the interesting topic of whether you should pay off the mortgage on your home early. In today’s roller coaster ride on the stock and housing markets people are worried about their monthly expenses. There is no security in holding the debt of a mortgage on a
Should You Pay off Your Los Angeles Home? Read More »
If you are thinking about buying a home in Los Angeles or you are already a Los Angeles homeowner, there is a way for you to lower your monthly mortgage payments without going the refinance route. Lowering your monthly mortgage payments can be accomplished by recasting or re-amortizing your loan. What is recasting your loan?
Los Angeles Homeowners – Lower Your Monthly Mortgage Payments Read More »
If you want to get an extra deduction on your Los Angeles real estate taxes, pay your January mortgage early. Your mortgage is paid in arrears, so your January payment covers your December interest. Since your interest is tax deductible, if you pay this in December, you can apply the interest paid to your 2010
Want an Extra Deduction for 2010 Los Angeles Real Estate Taxes? Read More »
When shopping for a mortgage avoid these mistakes: It is a temptation for those shopping for a mortgage to look for the lowest monthly payments, but that is not always the best tactic. 8 out of 10 homeowners are looking to refinance their mortgages now. Here are some of the mistakes made by mortgage seekers:
Mistakes to Avoid When Shopping for a Mortgage Read More »
Reverse mortgages now less costly. If you are 62 or older and interested in a reverse mortgage you now have more choices as upfront fees have come down substantially and some lenders are eliminating them totally and even offering to pay some of the mortgage insurance premium fees up front. A reverse mortgage allows homeowners
Reverse Mortgages Now Less Costly Read More »
