San Diego Loan Blog . Com

FHA Throws Homeowners a Life Vest     As of September 2010, FHA is throwing underwater homeowners a life vest.  This new government housing program (FHA Short Refi) is geared to help those homeowners who owe more on their primary residence than what it is worth.   If you are current on your mortg...

Real Estate & Mortgage Fraud.... Feeling the Whip in San Diego     Right in our own backyard…..those involved with real estate and mortgage fraud are feeling the whip.   In recent years, a bookkeeping and income tax office in Vista served as the hub for serious fraud.  Federal prosecutors say the...

FHA Loans – The Price of an Insured Home Loan   Beginning Oct 4, 2010, the following is FHA’s price of insurance on residential home loans.   The up-front insurance premium will be decreased to 1.00% for all loans except the HECM program.   Also, the insurance discount will no longer be effective...

ill HUD’s new Program Stabilize your Neighborhood?     HUD's new Neighborhood Stabilization Program will provide “emergency assistance” to state and local governments to obtain and redevelop foreclosed properties that might possibly become “sources of abandonment and blight within their communiti...

RENT vs BUY:  You Can Qualify to Buy a Home in San Diego   Compare renting vs. buying, and you’ll be surprised to know you can qualify to buy a home in San Diego County.  If you are renting a 3-4 bedroom house in San Diego County, you are likely paying $1600-$2000/month in rent.    Now let’s assu...

Qualifying a Buyer for a Mortgage Loan   Qualifying a buyer for a mortgage loan is often difficult.  Mortgage guidelines have seriously tightened the past 2 years, and in some cases it’s been for good reasons.  But, sometimes the guidelines are too strict, and they’re putting an additional squeez...

Don’t Get Mad – Get Glad, and Support A Cause   Americans…..dont get mad.  Get glad, and support a cause.  We all have many things to be thankful for, but yet its sometimes hard to stay positive.  Truth:  when you position yourself in a service to others role, or are passionately supporting a wor...

Coming Soon to a Mortgage Theater Near You:  FHA Mortgage Insurance   FHA upfront mortgage insurance and FHA monthly mortgage insurance are changing again per FHA. The new FHA insurance premiums will be effective on Oct 4, 2010.  See HR 5981.   The great news is that FHA is lowering the upfront m...

INTEREST RATES:  Lowest 30 Year Fixed Rates   I’m blown away…...4% interest rate for a 30 year fixed home loan……and it could be yours.  Certain criteria apply for this rate, such as a credit score above 720, and rates do change daily.  4% for a 30 year fixed has been available for the past few da...

  I Give Up, Loan Officers Caused the Housing Crisis   You (White House, Fannie/Freddie, Wall Street, etc) still believe that Loan Officers caused the housing crisis.  So I give up, I’ll be your scapegoat, and agree to play by your rules.  Wait a minute…..I’ve always had to play by your rules.  I...