Here is an important reminder regarding FHA Streamlines that take effect on June 11,2012, Reducing the MIP (Mortgage Insurance Premium) for those FHA loans being Streamlined with Endorsement dates of May 31, 2009 or earlier. Please refer to HUD Mortgage Letter 12-4 for further information or contact me and I can forward it to you. Effective for … [Read more...]
Archives for May 2012
Your First Mortgage – The Difference Between Pre-Qualification and Pre-Approval
Buy a Home in San Diego CAWhen obtaining your first mortgage it is beneficial to know the difference between a loan pre-qualification and a pre-approval. Pre-qualification is the first step in obtaining mortgage financing. A potential borrower answers a few questions to provide the loan consultant with a quick snapshot of the borrower's income, … [Read more...]
First Time Buyer Programs in California
Shopping for a Mortgage? In theory, finding the right mortgage should be a fairly simple process, especially since there are fewer product options to choose from these days than there have been in the past. However, obtaining the right mortgage is a complex financial decision no matter how many products there are to choose from. At a minimum, … [Read more...]