Tag Archives: California 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 […]

Credit Report Disputes Can Doom Home Loan Chances

  Lenders are looking at credit report disputes in a different light now and now credit report disputes can doom home loan chances .  It used to be when obtaining a California home loan and the borrower had a dispute with the creditor for whatever reason, lenders would turn their heads the other way.  Lenders didn’t feel […]

California First Time Homebuyers Are Competing With Cash Offers

    More and more California first time home buyers are competing with cash offers. Cash offers to buy California in 2012 broke an all time record according to Realty Trac statistics.  This means that California first time homebuyers have to be more patient than ever. But who really wins here?  Cash offers can be 5-20% […]

Lease To Buy Options For Real Estate Rule To Know

Pic credit to Idea go   There are some lease to buy options for real estate to know, both for consumers and people in the real estate community. With the way the economy is today, it’s more difficult to come up with a down payment to buy a property. The creative California home loan has pretty much […]

Home Vs. Rent Calculator From HUD.Gov

Pic credit to Damian Brandon If you’re anything like me you’re skeptical of someone pushing a service on you that sounds too good to be true or that you feel like you’re being pushed to buy something. Enter HUD.Gov.  They’ve created a nifty buy vs. rent caluculator where a prospective California first time homebuyer can […]

No Cost California Home Loans Are Available.

Pic credit to Suvro Datta   Even with all the recent lending legislation passed recently, borrowers need to compare apples to oranges and know that the no cost California home loan is still available.  In a nutshell the way it works, the lender bumps your interest rate to create a pool of funds which pays […]

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 […]

Shopping For A Mortgage Rate? New Rules Consumers Need To Know

Shopping for a mortgage rate, there are some new rules consumers need to know. In the past interest rate shopping conversations for a California home loan were 10 second conversations.  “What’s your lowest 30 year fixed rate?”  An order taker loan originator would check their rate sheet and answer and than the consumer would hang […]