California FHA information
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Hello and thank you for returning for more California Home buying information. If you miss any parts of this on going dialog, please look back on this blog.
Now lets continue on the path to California home buying.
Now that you have a contract and your real estate agent has open escrow. The mortgage [...]
California Mortgage and Home loan Interest rate watch Video….
California Interest rates watch for 2-8-09
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 [...]
Good day all. We have a rally going as I type. California Mortgage interest rate are getting better. We have so far seen the 10 year bond down, meaning better interest rates. As well as an increase in the price in Mortgage Backed securities. Where is this coming from? [...]
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 [...]
So what have California mortgage interest rates been doing over the last week?
California home buyers and refinancers, mortgages have moved very little in the last week, but they have moved. In fact they have moved for the better. Over the last week California interest rate have dropped on a 30 year fixed form [...]
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 [...]
Here is tip # 4 for getting the most out of you home mortgage.
Hit you principle early. One thing you can do to decrease yopu mortgage term and interest paid is to hit your principle. As I said previously you pay the most interest at the beginning of you loan. So if [...]