Posts Tagged ‘home loans’
Why the Real Estate Market WON’T Crash in 2021
There has been a lot of buzz lately about whether the real estate market will crash in 2021…I say that will not happen! Let’s look at the reasons why. 1. Loans and the inability to repay them are treated differently today.. Unlike the 2008 market crash, lenders have not been making a plethora of bad…
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Coming Right Up: More Buying Power For Buyers
Attention buyers using loans to purchase property: your buying power will be increasing this Spring. The Federal Housing Finance Agency announced it will be increasing conforming loan limits almost $38,000 starting in March. First let’s look at what exactly a conforming loan limit is. Fannie Mae and Freddie Mac are the guarantors of the majority…
Read MoreNeed a Loan to Buy That House? 10 Things to Avoid
If you are a buyer looking for a home, or if you plan to do so soon, there are a few things you need to be aware of that could kill your chances of getting a loan. Although I am not a mortgage professional, because I work closely with them on a daily basis I…
Read MoreHome Financing Trends in California
Mortgage Rates Predicted to Decrease & Existing Home Sales Hit 6 Year High
Mortgage Rates Predicted to Decrease: There have been many reports that rates will do the opposite and increase as we head toward the end of the year. However, due to recent events in the last several days it appears this may no longer be the case. Here’s why this seems to be a reality, in…
Read MoreSpring Real Estate Selling Season is Well Under Way!
It feels great to be blogging again, and I am sorry I have not posted for over a week! I do have an excuse: the spring home sale season is well underway! I can’t remember being this busy in a long time – not since the early 2000s; it has been incredible! If you are…
Read MoreA New Problem Surfaces in Getting a Loan
Just when you think you’ve heard it all, something happens that makes you realize you should never close your mind to how far out of left field the ball might fly (a little baseball analogy for those sports fans to appreciate). It seems that is definitely the case with banks, and wait until you hear…
Read MoreWill Homeowners Really Be Helped by New HARP Changes?
Recently the Obama administration announced changes to the Home Affordable Refinance Program (HARP) that are aimed at helping homeowners refinance mortgages, even when there is no equity in their homes. Their goal is to help the millions of homeowners and prevent more foreclosures, but what is involved and will it really work? Some of the…
Read MoreQualifying for Loans May Get Harder
If you are in the market to purchase property and are counting on getting an FHA-insured loan, you may want to act quickly. First, a quick explanation: the FHA, or Federal Housing Administration, is not a lender, but instead insures loans that are written under its guidelines, thus protecting lenders against losses on those loans.…
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