Pages Menu
TwitterRssFacebook

Most recent articles

Attention New Condo Buyers—Good luck!

Freddie Mac, the <span class=”blsp-spelling-corrected” id=”SPELLING_ERROR_0″>behemoth</span> Co-God of the mortgage world along with Fannie Mae has instituted new condominium guides that WILL put a halt to condo purchasing.<br /><br />Freddie has been <span class=”blsp-spelling-corrected” id=”SPELLING_ERROR_1″>instrumental</span> in making condo buying as easy as buying a home. Now, because of who knows what exactly, buying a new <span class=”blsp-spelling-corrected” id=”SPELLING_ERROR_2″>construction</span> or conversion condo will be near impossible.<br /><br />What has changed? Here you go!<br /><br />1. At least 51 percent of the units has to be conveyed or are under contract to <span class=”blsp-spelling-corrected” id=”SPELLING_ERROR_3″>purchasers</span> other than the <span class=”blsp-spelling-corrected” id=”SPELLING_ERROR_4″>developer</span> who will occupy their units as primary or 2<span class=”blsp-spelling-error”...

Me on CNBC!

<a href=”http://www.cnbc.com/id/15840232?video=659555136&play=1#”>http://www.cnbc.com/id/15840232?video=659555136&play=1#</a><br /><br />Click on link above to see me on a recent segment of CNBC talking about mrotgages. Share this:TwitterFacebookGoogleTumblrLinkedInEmailPrintPocketRedditPinterestLike this:Like...

New FHA Loan Limits for single family

The new loan limits for FHA mortgages are out. Click on the link to get to them!<br /><br />https://entp.hud.gov/idapp/html/hicostlook.cfm<br /><br /><br />Conventional (Fannie Mae and Freddie Mac) loans have not been finalized nor have other states FHA limits been set.<br /><br />Any questions, call Fred Glick at 877-282-5789. Share this:TwitterFacebookGoogleTumblrLinkedInEmailPrintPocketRedditPinterestLike this:Like...

Update to new conforming limits

From: Broker Universe<br /><br />UPDATES ON THE ECONOMIC STIMULUS PACKAGE AS OF FEB. 29, 2008 <br /><br />FACTS<br /><br />Belinda Austin of San Diego CAMB attended a panel discussion put on by the California Association of Mortgage Brokers on the economic stimulus package on Friday, Feb. 29, 2008. John Sayre, Vice President of Residential Lending for Fannie Mae and Nancy West from The US Department of Housing and Urban Development were in attendance as panel members. <br /><br />Mr. Sayre confirmed that the new loans would be called Conforming Jumbo (yes it is an oxymoron and he is aware of that). <br /><br />He confirmed the following for the...

New loan limits for Fannie and Freddie

New loan limits for Fannie and Freddie<br />State Metro Area – County Limit 1-Unit <br />AZ Flagstaff (Metropolitan Area)<br />Component County: Coconino $450,000 <br />CA Bishop (Micropolitan Area)<br />Component County: Inyo $437,500 <br />CA Los Angeles-Long Beach-Santa Ana (Metropolitan Area)<br />Component Counties: Los Angeles, Orange $729,750 <br />CA Madera (Metropolitan Area)<br />Component County: Madera $425,000 <br />CA Merced (Metropolitan Area)<br />Component County: Merced $472,500 <br />CA Modesto (Metropolitan Area)<br />Component County: Stanislaus $423,750 <br />CA Napa (Metropolitan Area)<br />Component County: Napa $729,750 <br />CA Oxnard-Thousand Oaks-Ventura (Metropolitan Area)<br />Component County: Ventura $729,750 <br />CA Phoenix Lake-Cedar Ridge (Micropolitan Area)<br />Component County: Tuolumne $437,500 <br />CA Redding (Metropolitan Area)<br />Component...

Fannie Mae Jumbo-Conforming New Guidlines…Big Deal

<a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://1.bp.blogspot.com/__b6Y0cLXpyI/R9F_2v5r-BI/AAAAAAAAACY/5-Hs-_o-jzw/s1600-h/jumbo+fannie+mae_Page_1.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://1.bp.blogspot.com/__b6Y0cLXpyI/R9F_2v5r-BI/AAAAAAAAACY/5-Hs-_o-jzw/s200/jumbo+fannie+mae_Page_1.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5175058025373497362″ /></a><br /><a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://3.bp.blogspot.com/__b6Y0cLXpyI/R9F_3P5r-CI/AAAAAAAAACg/RTVTCcKZ_AQ/s1600-h/jumbo+fannie+mae_Page_2.jpg”><img style=”float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;” src=”http://3.bp.blogspot.com/__b6Y0cLXpyI/R9F_3P5r-CI/AAAAAAAAACg/RTVTCcKZ_AQ/s200/jumbo+fannie+mae_Page_2.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5175058033963431970″ /></a><br />The great Fannie Mae has provided their guidelines to help the economy.<br /><br />Now, if your area warrants it, you can buy a home with a loan amount over $417,000 by putting 10% down on a fixed or 20% down on an ARM.<br /><br />Also, they will let you refinance only if you are not taking cash out and only up to 75%.<br /><br />See all the guides here! Share this:TwitterFacebookGoogleTumblrLinkedInEmailPrintPocketRedditPinterestLike this:Like...

%d bloggers like this: