The Delayed Financing Rule If you’ve purchased property within the past six months whether it was for investment purposes or as your primary residence, you are now eligible for a cash-out refinance. Prior to this program an applicant had to be on title of the subject property to be able to cash-out on any equity. …

Are you currently renting a home or apartment? It may be the best time to buy a home for the following reasons… When looking at the affordability index aging back to the early 1900′s, it has never been more affordable to own a home than now. The reason for this is said to stem from …

Initially, only high-cost areas had the privilege of having their FHA loan limits restored to $729,750, but for case numbers issued on or after November 18th, 2011 the FHA loan limits in effect between January 1, 2011 to September 30, 2011 have been restored. This means that if you or somebody you know is applying …

President Obama signed into law a bill that will reinstate higher limits on Friday for FHA insured mortgages in high-cost areas. The maximum limits had dropped to $625,500 from $729,750 on October 1, 2011 due to the expiration of the Economic Stimulus Act of 2008. As of November 18th, 2011 the loan limits of the …

This is a very common question. A question I get a lot from peers, past clients, and business partners on a weekly basis. I decided to put this blog together to inform people of the facts about the waiting periods required for buying after selling your home in a short sale. There are three major …

NOTE: Higher loan amounts for high-cost housing markets have been reinstated. Click here to read more… The American Reinvestment and Recovery Act (ARRA) was signed into law in February of 2009, temporarily increasing the maximum conforming loan limits. On October 1st the following changes will occur that can negatively affect loan amounts in the mid …

WOW, WOW, WOW!!! We’ve had an amazing bond rally which puts us close to being at an all time high (shown in the graph above). The 10 year treasury is not far behind either. Virtually every piece of news that has come out in the last week has been bond friendly AND bad for our …

Screening a buyer’s offer may be one of the most important steps you can take before opening escrow. It will save you time and prevent headaches later in the process. For that reason, I’m listing a few points to look for when reviewing offers: First off, you should request a pre-approval letter, proof of credit, …