Remember the Equifax data breach announce in March of 2018? Maybe not, because it came just after the Target and Home Depot data breaches. In this case you might get something more out of it than aggravation, but only if you take about two minutes to submit a claim under the settlement Equifax just agreed […]
Program to Help Parents Who Want to Purchase a Home for Their Disabled Adult Child
There is a little know program offered Fannie Mae that allows parents of physically or developmentally disabled children to purchase a home for their adult child as an owner-occupied home. These parents will likely already own an owner-occupied home and the advantages of being able to purchase another home as owner occupied are twofold. The […]
Get $10,000 Toward Your Home Purchase in Orange County
Spring is in the air and home purchase season is heating up! We have a special offer to buyers in Orange County (and possibly other areas in CA). When you use our services to obtain your home loan (and remember- our rates beat all the big banks and credit unions), and allow us to refer […]
Credit Scores and How To Improve Yours
By Brian VerBurg #CreditScore #Mortgage #CreditReport #MyFico Having a great credit score will save you money on everything from credit cards, to car and home loans, and anything you want to finance. If you score is not in the 700’s or above you can likely get it there with just a little work and […]
Joke, Fun Fact, and Weekly Mortgage Tid Bit About: Investor Loans
By Brian VerBurg #MortgageTidBit #InvestmentProperty #RealEstate #RentalProperty #HomeLoans Knock! Knock! Who’s there? Candice. Candice Who? Candice door open, or am I stuck? Fun Fact: The Blue Whale is the largest animal to have EVER lived on earth, weighing up to 300,000 pounds. Their tongues alone can weigh as much as an elephant – their hearts, […]
Good News For Home Buyers- For The 1st Time In Five Quarters The Fed Didn’t Raise Interest Rates
By Brian VerBurg #homebuyer #interestrates #housingmarket Yippee!! The Fed didn’t raise rates again like they have for the past 5 quarters. The announcement was made after the Federal Reserve meeting this week. This is good news for home buyers, car buyers, and anyone looking to borrower money in the near future. The Fed has recently […]
1st Time Home Buyer Programs with 0 or little down
One of the biggest challenges for a 1st time home buyer is coming up with a down payment. Here are some popular loan programs that require 0 down, 3% down, or 3.5% down. CalHFA- This loan allows for 0 money down when you combine the CalFHA 1st and 2nd mortgage. The first is an FHA […]
Top 3 Reasons the Housing Market is NOT Heading for a Crash
There is a bit of uncertainty in the housing market right now and many people are wondering if we are experiencing a slight dip or headed for a much larger correction. After 6 years of a hot housing market with large price increases year over year, the market is finally taking a breath and has […]
Top 10 Reasons to Use a Mortgage Broker vs. Bank or Credit Union
Save Money– A good mortgage broker will save you money. Our rates consistently beat the big banks and credit unions and the reason why is simple. We all have access to the same wholesale rates, but banks have huge overhead. They have brick and mortgage buildings, lots of employees, managers, high paid corporate executives and […]
Conforming Loan Limits for 2019
The Federal Housing Finance Agency (FHFA) announced an increase in 2019 to the maximum conforming loan limits. The new loan limits are up about $30,000 from 2018 to $484,350 for non high-cost areas and up about $45,000 to $726,525 for high cost areas. Here is a little background on conforming loan limits and how they […]