Posts Tagged ‘mortgage’
Should You Stop Paying Your Mortgage Now? Important Information on Forbearance
I have had a few people ask about forbearance and whether they should stop paying their mortgages during the Covid-19 isolation, under the CARES Act. In a nutshell, NO, you should not do so unless you truly cannot pay it and have established a forbearance with your lending institution(s). Let’s first define forbearance: it is…
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FHA Annual Mortgage Insurance Premiums Reduced
By Elvin J. Wesley, President and Broker of Ranch and Coast Mortgage Group What a great way to start the week and 2017!!! Monday morning HUD announced that it had achieved the balance of its statutory operational goals and as a result of that it requires a reduction of the Annual MIP charged. This exciting…
Read More4 Ways to Make Your Home Purchase Less Scary
I read an interesting fact today: 44% of consumers find the homebuying process scary or intimidating. That is a staggering number of people who are unsure of the process and need guidance. The good news is that today it is easy to make finding your next home a fun and positive experience. Here is my…
Read MoreLenders are Messing Up Real Estate Sales!
I don’t know if it’s just bad luck, but I have been having MAJOR issues with lenders lately – messing up (and almost killing) escrows at the 11th hour. (I should say that these mistakes are not from MY preferred lenders, but from lenders whose clients are purchasing my listings). Here is what I know:…
Read MoreWhy is Home Inventory Scarce (even in San Diego County)?
If you are a buyer you have likely noticed that inventory is scarce right now, in San Diego county as well as many other areas. As we head into the Spring/Summer “busy” home selling season, many wonder whether the inventory will pick up, and that has some buyers and sellers worried. Here are some of…
Read MoreNew Supreme Court Ruling May Impact Short Sales
The latest case on the Supreme Court docket could affect the number and difficulty of future short sales, so if you are short selling, purchasing/planning to purchase a short sale, or if you are an agent who may be selling one, please read on. In Bank of America v. Caulkett, the Supreme Court will soon…
Read MoreCan Shorter Term Loans Save You Money?
Rate Increases Will Affect Your Mortgage Payments
Recent Real Estate News, and How it Effects You
There has been plenty of recent housing news that could effect the value of your home, so here are some of the latest updates: Bill to allow visas to foreign home buyers. Congress is considering a bill that would allow foreign homebuyers to purchase residential property in the U.S., in an effort to stimulate the…
Read MoreWeekly Real Estate News REcap 7/8/11
Obama Administration Extends Foreclosure Programs for the Unemployed. Those who are unemployed and have an FHA loan will soon be given up to a year of forbearance on their payments, giving them time to find a new job before losing their homes. This announcement arose from the fact that many Americans are unemployed for more…
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