Hello, here is more First Time Home Buyers advice.
Determine a realistic price range. Your Mortgage lender can determine in a matter of minutes, the loan amount you can be prequalified for. Depending on your income, assests and debt, your mortgage lender can determine you debt to income ratio (DTI). With [...]

Hello this is you daily forecast of California Mortgage Interest rates for 2/5/10.
The FNMA 4.5% coupon is on the raise and the 10 years bond is down. You know what that means lower mortgage interest rates.
Lenders have already repriced for the better this morning, for the second day in a row.
Watch this California Interest [...]

Watch this Video!
Interest rate Watch for Feb 3 2010

So I get lots of questions as to what the California Mortgage categories are.
Here is what they are.
A California Conforming loan also referred to as conventional is any loan with the loan amount of less $417,000.
A California Conforming Jumbo home loan is a loan with a loan amount from $417,000 to your counties [...]

Hello,
Yesturday there was a release from HUD. FHA loans are changing. After April 5, 2010 the up front mortgage insurance premium (UFMIP) is going up from 1.75% to 2.25%. What does that mean to you, the home buyers. For FHA home loan seekers this means more up front money. But [...]

Hello All, here is tip #2 on your mortgage. Do you want to pay your home off early. Get the lowest possible payment and add to it. You will increase your equity faster.
Did you know that if you paid one (1) extra mortgage payment a year toward principle you will save 7 [...]

Over the next 24 days I will be providing you with 24 Tips and Tricks
#1 tip — Watch to the Lenders tricks.
Beware of lenders bearing gifts. Teaser rates have often been an important marketing tool for lenders. You are initally offered a low rate to get you in the door, but once the [...]

Interest rates ended the week with 3 days of increases. There was some better than expected economic news. MBS(mortgage backed securities)moved lower forcing lender to increase interest rates, thus increasing mortgage costs.
The retails sales report measures the monthly reciepts of both durable and non-durable goods. An increase in retail sales would lead [...]

Mortgage interest rates are at a 38 year low.  How long will they stay this low is the question.  Should you buy a home now or are prices still going down?  That is the delema.
Her is what I am hearing.  Housing prices seem to have leveled for and are even starting to raise.  Today, Freddie [...]

So you have decided to take advantage of the down market and buy a home or you need to refinance. But you do not know who to get your mortgage through. Should I go to a Mortgage broker or just go to the bank? What is the difference?
A mortgage banker is a direct lender. They [...]