Category Archives: First Time Homebuyer

New 2015 FHA Guideline Changes

New 2015 FHA guideline changes take affect September 14, 2015.  Most changes are constricting. We’re going to highlight some of these changes that California home buyers, Realtors and the general public need to know. Deferred student loan debt is now going to be added as a monthly obligation even though it’s in deferment.  The lender will do […]

FHA Loans Are Better For Recent College Grads.

Pic credit to T0zz FHA loans offer more flexible options and guidelines for a college grad who is now a prospective homebuyer looking to secure a California mortgage. If a borrower has less than a full time 2 year work history, FHA will allow school attendance history toward the 2 year work history.  So if […]

California First Time Home Buyer Things To Know

I see home buyers go through a cycle of emotions when buying a home in and securing a California mortgage, but here’s some things a California first time homebuyer should know. It’s initially exciting to buy a home. Than it’s nervous time when qualifying for a California home loan. Than anxiety can happen due to […]

Do I Choose My Loan or Does It Choose Me?

  You may ask yourself, do I choose my loan or does it choose me. Choosing which California home loan to use when purchasing a home can seem daunting regardless if you are California a first time homebuyer or a move-up buyer or a refinancer.  But with today’s market the loan almost chooses you.  That’s right, the […]

Fannie Mae Loan Costs Skyrocket. Is FHA A Cheaper Deal?

  The rumour has turned into reality as Fannie Mae has increased their fees for consumers to obtain a California home loan.  It boggles my mind as to why they would choose to do this now.  Our industry needs a shot in the arm and a instead they’ve given consumers a nasty flu bug that […]

PMI Is A Tax Deduction? Who Knew?

PMI, otherwise know as private mortgage insurance, is that nasty insurance borrowers have to pay that protects the lender on a California mortgage when buying or refinancing a home and your first trust deed is greater than 80% of the appraised value. For much of the past decade, borrowers opted for a first and second mortgage […]

A First Time Homebuyer Tip On How To Maximize Your Purchasing Power

  A first time homebuyer tip on how to maximize your purchasing power. When purchasing a home a California first time homebuyer needs to know how consumer debt and its monthly payments affect their ability to qualify for a California mortgage. Here’s a statistic to remember, per $100.00 in minimum payments of consumer debt that is […]