The Federal Housing Administration (FHA) 40-year mortgage is a loan program that was introduced by the U.S. government starting in May, 2023 to help homebuyers afford the high cost of homeownership. This loan program offers a 40-year repayment term for eligible borrowers, which can result in lower monthly payments ...
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The California Dream has long been a symbol of the state’s allure, representing the promise of prosperity, opportunity, and a better life for all. It’s a dream that has attracted people from all over the world to California, drawn by its vibrant culture, diverse communities, and booming economy. But in ...
View MoreDid you know you can get a loan on Vacant Land? Home Street Bank has a great program (as well as construction loans):
· Conventional mortgage financing
· 20-30% down payment required
· 3/1 ARM – 30 year amortization
· No prepayment penalties
· Construction contract not required to ...
View MoreOn April 17, 2008, Rep. Barney Frank introduced in the House a bill that would enable the FHA to refinance home loans at 90% of current market value with the goal of keeping more home owners in their homes. I will track this bill through the House and Senate as ...
Lots of questions have arisen from people since President Bush signed into law the Mortgage Forgiveness Debt Relief Act of 2007, whereby in certain circumstances, a homeowner does not have to pay federal income tax on debt forgiven on a loan secured by a qualified principal residence via a short ...
With a stroke of the pen, President Bush signed into law H.R. 3648, The Mortgage Debt Relief Act of 2007, and dramatically changed the lives of homeowners across the country who are facing foreclosure, considering a short sale, negotiating a loan workout, or have done any of these since ...
UPDATE: President Bush signs HR 3648, The Mortgage Forgiveness Debt Relief Act of 2007.
It took them close to two and half months, but the U.S. Senate finally got around to passing H.R. 3648, The Mortgage Forgiveness Debt Relief Act of 2007. Initially sent to the Senate on ...
UPDATE: 12/20/2007 - President Bush signs The Mortgage Forgiveness Debt Relief Act of 2007
UPDATE: 12/14/2007 - Senate Passes Mortgage Forgiveness Debt Relief Bill
Given the current state of the San Diego real estate market, it is no surprise that the most frequently asked question we ...
The most common "I want a killer deal" inquiry I get are from those looking for foreclosure property in San Diego - at 50 cents on the dollar. After all, it is a buyer market, sellers are desperate, and foreclosures almost out number real estate agents right?
Well... not quite. But ...
Times, they are a changin' in the California mortgage business.
Last week we had Bank of America notify 7,000 mortgage brokers that their services will no longer be needed after New Years Eve, only to have Citi take it one step further on Halloween and tell California home buyers ...