Debt-to-Income (DTI) Ratio is one of the many new mortgage related terms many First-Time Home Buyers in California will get used to hearing. DTI is a component of the mortgage … Continue Reading...
Is Mortgage Insurance (MI) Tax Deductible and other FAQs about MI
January 23, 2011 By 3 Comments
Is Mortgage Insurance (MI, also called Private Mortgage Insurance PMI) tax deductible in California? We will address this question and some other FAQs about Mortgage insurance in … Continue Reading...
2011 FHA maximum Loan Limits announced for Bay Area Mortgages
December 2, 2010 By Leave a Comment
The maximum FHA loan limits for most Bay Area counties (the ceiling) by property size for fiscal year 2011 are as follows: One-Unit $ 729,750 Two-Unit $ … Continue Reading...
Common Documents Required For A California Mortgage Pre-Approval
November 16, 2010 By
Even though many California mortgage lenders are still quoting quick 10 minute pre-qualifications over the phone or online, a true San Jose mortgage approval that holds any weight … Continue Reading...
Home Buyer Seminar for First Time Buyers, Trade up Buyers and Investors in San Jose, CA
October 23, 2010 By Leave a Comment
Home Buyer Seminar for First Time Home Buyers, Trade up Buyers and Investors in San Jose, CA. As part of Home Ownership Workshop (HOW) series, Arcus Lending is presenting a … Continue Reading...
Lets get the San Jose FHA Loan Pre-Approval done again
October 4, 2010 By Leave a Comment
If you are pre-approved for a San Jose FHA loan, I have news for you. That pre-approval is not good anymore. I will tell you why! Starting today, FHA is making changes to the … Continue Reading...
Top 4 Reasons to Buy a Home Now – Wall Street Journal Video
September 14, 2010 By Leave a Comment
In this Wall Street Journal Video Brett Arends discusses the top 4 reasons to buy a Home now: Mortgages are cheap You can get a good deal on the home It's a protection … Continue Reading...
FHA reduces upfront Mortgage Insurance for San Jose First Time Home Buyers
August 5, 2010 By 4 Comments
FHA today announced reduction in upfront Mortgage Insurance Premium (UFMIP) for San Jose First Time Home Buyers and FHA Streamline Refinance on San Jose homes. A change that has … Continue Reading...
Looking for a reason to Refinance – How about the lowest rates in 40 years!!
June 28, 2010 By Leave a Comment
CNBC and Bankrate.com just reported that home loan rates are at their all time lows. Yes, all time lows! This is great news for anyone who has yet to refinance to take advantage of … Continue Reading...
Fannie & Freddie make it difficult to qualify for ARM and Interest only loans
June 20, 2010 By Leave a Comment
Fannie Mae and Freddie Mac are making the following changes to interest-only and 3/1 and 5/1 ARM Loan Programs. These changes go into effect immediately. Interest Only Product … Continue Reading...