Archive | Financing

Lending and financing

Jumbo Loans Are Back

High-priced homes selling Jumbo loans, which all but disappeared at one point, are making a comeback. That's a welcoming sign in certain housing areas of San Diego. These loans fell off the radar after the housing market crashed along with mortgage qualifying rules tightening up. So now that jumbo loans are heating up again, real […]

Continue Reading 0

Stated Income Home Loans – No Longer Something from Our Past

Home Financing Restrictions Easing In the past, before our economy hit rock bottom and during the housing boom, people could simply state that they made more money than they actually did, leaving them with a house payment that they couldn't afford when the market eventually turned. As a result, these "stated income" loans were considered […]

Continue Reading 0

Repairing Your Credit After a Short-Sale or Foreclosure

Credit Score Tips Short-selling your home may be a way to lift a financial burden off your shoulders and the credit effects of a short-sale are definitely negative, but they can be corrected. When repairing your credit there are five factors to consider: Payment history, amounts owed, length of credit history, new credit and, types of […]

Continue Reading 0

FHA Condo Approval Easier Now

FHA relax rules on Condo Certification The FHA has given encouraging news to condo owners by relaxing the rules for condo certification that have caused thousands of buildings across the country to lose their eligibility for FHA financing. The revised guidelines, that were issued September 13 and took effect immediately should make it easier for […]

Continue Reading 0

FHA Rescinds Tough New Credit Restrictions

Home Buyers Find It Easier to Obtain FHA Loans In a policy switch that could be important to thousands of applicants seeking home mortgages with low down payments, the Federal Housing Administration has rescinded tough new credit restrictions that were scheduled to take place the beginning of this month. Borrowers who would have been affected […]

Continue Reading 0

Home Appraisals Low | San Diego Real Estate Market Up

Home Sales Shouldn't Be Jeopardized Because the Appraiser Doesn't Have all the Market Data Facts! Upward adjustments coming in slow from appraisers – When multiple bids push a house price thousands of dollars above what the seller is asking, which is not unusual in many San Diego neighborhoods where demand is particularly robust, are appraisers still […]

Continue Reading 1