It’s not wise to make any huge purchases or move your money around three to six months before buying a home. You don’t want to take any big chances with your credit profile. Lenders need to see that you’re reliable and they want a complete paper trail so that they can get you the bestContinueContinue reading “Keep Your Money Where It Is, if you’re planning on buying a home!”
Tag Archives: FHA mortgages
Murrieta Listing – Back on the Market!
Beautiful Home in a great community. Open Floor plan with a large living room and dining area. Spacious family room with cozy fireplace. Lot of windows. Good 4 size bedrooms plus additional bonus room that can be used as studio, second family room or , or even a 5th bedroom. Large and Open kitchen with lots ofContinueContinue reading “Murrieta Listing – Back on the Market!”
Homeownership at Best!
Federal Housing Finance Agency has been working towards a plan to open what many we see as underwriting standards that are too restrictive. Mortgage giants Fannie Mae and Freddie Mac, their regulator and lenders are close to an agreement that could greatly expand mortgage credit while helping lenders protect themselves from charges of making bad loans, according to people familiarContinueContinue reading “Homeownership at Best!”
No more extra charges on interest payments under FHA mortgages
The FHA has allowed for a long time lenders to charge borrowers a full month of interest when they sell or refinance a home regardless from the closing date. However, Thanks to a policy switch that was recently made final, charging extra interest payments on loans insured by the Federal Housing Administration will soon beContinueContinue reading “No more extra charges on interest payments under FHA mortgages”
Sandy Flores, Broker CPRES 