san diego: new 2009 Loan Limits for Fannie & Freddie released today - 11/07/08 01:51 PM
Fannie Mae & Freddie Mac have new loan limits for 2009, as released today. The standard conventional loan limit remains at $417K accross the USA. High Cost Areas have new limits based on the new formula in the 2008 housing bill passed in July.
We expect to see some updates to … (0 comments)
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san diego: New alternative to Foreclosure, Short Sale, or losing your home - 10/02/08 01:18 PM
Many homeowners have struggled make their mortgage payments and to save their home. There is now a New Alternative to Short Sale, Foreclosure or Deed in Lieu in Foreclosure where the troubled homeowner can keep their home: The FHA Hope for Homeowners program.
This program: Helps you refinance into a … (0 comments)
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san diego: Instant Equity Growth in a down market - How to create equity in your new California home. - 09/28/08 07:31 PM
How can I create Instant Equity Growth in a down market? Read on to find out how to create instant equity in your new California home purchase. (warning: reading this article might make you want to purchase a bank REO, REPO or Short Sale utilizing our new VanDyk FHA Rehab Express loan!) One sure … (0 comments)
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san diego: Short Refinance, Short Refi's, Loan Modification, and the like - 09/09/08 12:29 AM
Short Refinance, Short Refi's, Loan Modification, and the like. We are getting numerous requests for help & information on Short Refinance, Short Refi's, Loan Modification, and the like. Basically, people are in dire need of help. Thousands of people are upside down in their homes and need professional advice, direction, & … (0 comments)
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san diego: Fannie & Freddie Bailout helps FHA Borrowers too - 09/09/08 12:22 AM
This weekends blockbuster government takeover of Government Sponsored Mortgage Giants Fannie Mae (FNMA) and Freddie Mac (FHLMC) has created a welcome stability and confidence in both the mortgage market and the money markets as a whole. These entities are too large, effect too many individuals, and would create too much havoc if crippled … (0 comments)
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san diego: Fannie & Freddie Bailout helps FHA Borrowers too - 09/09/08 12:17 AM
This weekends blockbuster government takeover of Government Sponsored Mortgage Giants Fannie Mae (FNMA) and Freddie Mac (FHLMC) has created a welcome stability and confidence in both the mortgage market and the money markets as a whole. These entities are too large, effect too many individuals, and would create too much havoc if crippled … (0 comments)
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san diego: Please don't fear Rehab - 08/11/08 01:19 AM
This post isn't talking about some hollywood celebrity fearing another stay at the Betty Ford Clinic, rather it is regarding Realtors & HomeBuyers fearing the Rehab Property and the Rehab loan.Many Realtors & Homebuyers are discouraged when they see a bank-owned REO or Bank Repo that is in exceptionally Poor Condition. … (0 comments)
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san diego: Want to buy a bank repo home? REO? Bank Owned foreclosure? But the house is kinda hammered? - 08/05/08 10:04 PM
There is no doubt that the current real estate market offers a lot of great bargains on bank owned, Foreclosed, REO, Repo'd, etc homes. One problem. many have been hammered on by the previous owner and left in poor condition. Missing appliances, ruined carpet & flooring, holes in the wall, etc. … (0 comments)
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san diego: VanDyk Mortgage helps Homebuyers with REO's & Repo's & the Rehab too! - 08/05/08 09:56 PM
There is a little known program that is becoming very necessary for the purchase of many Bank Owned, REO, or Repo properties. The Rehab loan. VanDyk Mortgage offers 203K streamlines to make the process of buying a home that needs a little TLC (or quite a bit in some cases!) easier, … (0 comments)
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san diego: President Bush compromise may help thousands of Homeowners out of trouble - 07/23/08 08:48 PM
Today, The White House announced that the President would lift his opposition to a Housing bill being voted on today in the House of Representatives. This bill includes several upgrades for homeowners accross America. It provides tax credits for first time homebuyers of up to $7500. Property Tax credits for other … (0 comments)
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san diego: Indymac Bank Closure may hurt Seniors' retirement planning options - 07/12/08 05:26 PM
On Friday, July 11, 2008 the Federal Government closed Indymac Bank. It then reopened the bank under Federal oversight (FDIC) as Indymac FSB. This closure not only effects depositors and Home loan seekers, but it also means trouble for the largest Reverse Mortgage lender, Financial Freedom. Financial Freedom is a subsidiary of Indymac Bank, and was … (0 comments)
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san diego: Consumer help for ARM or Adjustable Rate Mortgage Holders - 07/09/08 11:48 PM
When we first start working with a client, We tell you that our company is different from others in the mortgage industry. We will always keep you up-to-date on the major changes in the market that could affect your financial goals or the goals of those close to you. This is one … (0 comments)
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san diego: Homebuyers can now use FHA loans for Bank-Owned and REO propeties - 07/02/08 12:09 AM
HUD has recently made changes allowing homeowners to qualify for FHA loans when buying homes that have been foreclosed, returned to lender (deed in lieu of foreclosure), AKA REO properties. REO stands for Real Estate Owned, which are essentially Bank Owned Repos. Outdated regulations from HUD to prohibit property flipping and … (0 comments)
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san diego: HUD changes allow home buyers to use FHA loans to Buy REO's/Bank Owned Homes - 07/02/08 12:07 AM
HUD has recently made changes allowing homeowners to qualify for FHA loans when buying homes that have been foreclosed, returned to lender (deed in lieu of foreclosure), AKA REO properties. REO stands for Real Estate Owned, which are essentially Bank Owned Repos. Outdated regulations from HUD to prohibit property flipping and … (0 comments)
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san diego: Fannie Mae's turnabout on Declining markets. Will it really help? - 05/19/08 12:03 AM
Fannie Mae announced that they will no longer require an extra 5% down payment for purchases in "Declining Markets" beginning June 1. The real question is will this change help. The answer is Yes for some borrowers, and not at all for others. There are 2 factors above and beyond Fannie … (0 comments)
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san diego: FHA Jumbo or FHA Stimulus Size - what is it called? - 05/18/08 11:35 PM
There is some confusion out in the media about the new FHA loan limits and just what to call these new loans. We have several investors that call these Stimulus Size FHA loans, and some call them FHA Jumbo loans. We just call them great loans. Your buyers can benefit greatly from … (0 comments)
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san diego: FHA Jumbo or FHA Stimulus Size - what should we call it? - 05/18/08 11:33 PM
There is some confusion out in the media about the new FHA loan limits and just what to call these new loans. We have several investors that call these Stimulus Size FHA loans, and some call them FHA Jumbo loans. We just call them great loans.
These loans can qualify borrowers … (0 comments)
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san diego: Comparing FHA Jumbo loans to Fannie Mae Jumbo Loans - 04/16/08 11:03 PM
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA … (0 comments)
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san diego: New Jumbos: Fannie or FHA? - 04/16/08 11:00 PM
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA … (0 comments)
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san diego: News about FHA loans in High Cost Areas - updates & changes - 04/10/08 10:47 AM
HUD has announced new rules requiring 2 appraisals on FHA loans that fall under the new stimulus package loan limits (those loans over $362K). While this may seem prohitibitive at first glance, and it will add to the time & expense of an FHA loan, it is a relatively easy hurdle to … (0 comments)
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san diego: FHA Lending updates - 04/10/08 10:46 AM
HUD has announced new rules requiring 2 appraisals on FHA loans that fall under the new stimulus package loan limits (those loans over $362K). While this may seem prohitibitive at first glance, and it will add to the time & expense of an FHA loan, it is a relatively easy hurdle to … (0 comments)
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san diego: FHA scores again for home buyers - 04/03/08 12:39 AM
FHA Loans guaranteed by HUD are fast becoming the loan of choice again for first time homebuyers and also those buyers who do not want to put 5, 10 or 20% down payment on their new home (there is good reason to keep your assets in other areas, that will be … (0 comments)
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san diego: New Loan Limits released for FHA loans - 03/13/08 01:15 AM
New Loan Limits released for FHA loans
HUD has finalized the new 2008 loan limits for FHA Government backed loans. The new limits increase the max loans for FHA from just over $368K up to $729,750. Although the highest amounts are for high cost metropolitan areas such as Los Angeles, New … (0 comments)
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san diego: FHA Moves to the forefront in lending again - 03/13/08 01:11 AM
FHA moves to the forefront in lending again The past couple weeks have seen significant news for Mortgage holders, lenders, and banks. Loan amount increases are official (for details click here) for FHA, FNMA, & Freddie Mac loans. This will help hundreds of thousands of US homeowners get lower rates for … (0 comments)
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