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01 June 2011 Cal Home Buyers Platinum Loan:: 1/2% down ONLY: REeBroker preferred lender - RPM Is now an Approved Lender for the California Home Buyers Platinum Program! FHA buyers now only need 1/2% to come in to close. Not 3.5% down, only 1/2%. Below are the highlights of the program, but basically 3% of the 3.5% Read More...
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Filed under: FHA loans, how an FHA loan works, fha loan info, FHA Relief, eBroker Loan Dept
23 February 2010 FHA to Provide Early Relief to Struggling Homeowners: Homeowners with FHA-insured mortgage loans who are experiencing financial hardship are now eligible for loss mitigation assistance before they fall behind on their mortgage payments. Previously, these homeowners were not eligible for such assistance until Read More...
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Filed under: Buyer Information, Financials, Fed Action, FHA loans, Home Ownership Benefits, FHA Relief
23 February 2010 Jumping into the Housing Market?..consider this:: If you have a good job and good credit, the next few months might be a good time to go house hunting. Fence-sitters take the risk that Congress may let a rich tax credit expire, and that interest rates may rise. Buyers and sellers should consider the Read More...
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Filed under: Buyer Information, Home tips, Buyers Market, Financials, Fed Action, FHA loans, First Time Buyers, Interest Rate Update, Home Ownership Benefits, homebuyer tax credit details, homebuyer tax credit extended, Homebuyers Tax Credit, home sales surge
26 November 2009 FHA loans are perfect for First time Buyers!: FHA loans have been around for a long time. Actually FHA (Federal Housing Authority) has insured more than 37 million home loans for Americans since 1934! It was primarily designed to help mainly first time homebuyers (even though you do not need to be Read More...
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Filed under: FHA loans, how an FHA loan works, fha loan info
22 November 2009 Part III:Lender Interview:Dean Wong from First Cap. Mortgage: The following is Part III of an ongoing series of interviews with my Preferred Lender:Dean Wong. His contact info follows the Interview. Thomas Ray :Dean, how are you these days? Dean Wong :Thomas, I am great! Hopefully we can help clear up some questions Read More...
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Filed under: Dean Wong, FHA loans, search the mls like an agent, Tax Credit for current homeowners, lender questions, dean Wong interview, lender interview, new tax credit law
31 July 2009 Lender Questions-My Interview with Dean Wong at First Capital Mortgage: It is with great pleasure to post my Interview with one of my favorite Lenders Dean Wong at First Capital Mortgage. (His contact is at the end of my post). Tom: Hello Dean. How are you doing? Dean: Great Tom Tom: 1).I have heard that there are some changes Read More...
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Filed under: Market Conditions, Finances, Rates, Financials, Interest Rates, First Captial Mortgage, Dean Wong, Lenders, Fed Action, FHA loans, Foreclosures
18 May 2009 May 18, 2009-Real Estate News This Week: (Remember, inflation is the archenemy of Bonds and home loan rates, so I will be keeping a close eye on this in the coming months.) The Department of Housing and Urban Development's Federal Housing Administration making a very interesting announcement Read More...
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Filed under: Market Conditions, Buyer Information, data, Market Review, Fed Action, FHA loans
08 January 2009 Rates Fall to Record Low of 5.01%: The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey Read More...
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Filed under: Market Conditions, Finances, Rates, data, Buyers Market, Market Review, Financials, Interest Rates, Trends, Multi-Family, FHA loans
27 September 2008 Todays Rates: Today's Suggested Purchase Contract Rates for a 30 Year Fixed Rate Mortgage $417,000, Down Payment 3%, Interest Rate 6.250%, Points 1 $417,000, Down Payment 10%, Interest Rate 5.875%, Points 1 $417,000, Down Payment 20%, Interest Rate 5.875%, Points Read More...
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Filed under: Finances, Rates, Financials, First Captial Mortgage, Dean Wong, Dave Campbell, FHA loans
26 September 2008 Lender Interview w/Dean Wong-Part II: My Lender Dean Wong and I sat down for Part II of our Interview on Finance 101: Thomas Ray : How are interest rates figured and how do I compare lender rates? Dean Wong :Rates are determined by the overall economy and supply and demand of money. Best Read More...
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Filed under: Finances, Financials, Interest Rates, First Captial Mortgage, Dean Wong, Lenders, FHA loans
26 September 2008 4.50% Interest Rates?...Multi-Family Rates very good NOW!!: Interest rates remain low for Multifamily permanent loans. Spreads for Fannie Mae financing have for the most part held steady. For Freddie Mac financing, spreads have fluctuated more, but they have done so within a narrow range. Where spreads have widened, Read More...
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Filed under: Finances, Interest Rates, First Captial Mortgage, Dean Wong, Apartment Buildings, Dave Campbell, FHA loans
24 September 2008 FHA loans let you stay liquid...: "A" Paper Borrowers are learning the benefit of going with an FHA loan. The down payment requirement is only 3.5% (as of Oct. 1, 2008) and the Maximum loan for a Single Family Home in Los Angeles, CA is $729,500. This amount allows a good choice Read More...
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Filed under: Financials, First Captial Mortgage, Dean Wong, Dave Campbell, FHA loans