Cindy Tomlinson, FHA, USDA, HARP First Time Buyer, VA, Conventional Loans's Blog

Redding Mortgage News Update - May 25, 2012

Fri, 25 May 2012 12:46:05 -0700

Last week housing was the bright spot in the news and the trend continued for this week. As the Europe crisis continues to remain a strain on financial markets, the housing data continues to edge forward in a positive way.

Existing Home Sales increased a more than expected 3.4% last month and it is believed that the trend will continue given the insanely low mortgage rates. (By the way, mortgage rates hit another all time low again this past week) New Home Sales increased as well by an expected .2%. Neither report is earth shattering, however the continued forward movement is keeping hopes alive that housing is on the mend. We are far from being out of the woods regarding the housing crisis, however the signs of improvement are becoming more consistent.

More reinforcement for the housing market moving in the right direction is that the Federal Housing Finance Agency reported that home prices for single family dwellings increased 1.8% in March from the prior month. In addition the current home price levels are approximately 2.7% higher than the same time last year.

First Time Jobless Claims seem to be on the rebound as well. After we saw a significant increase in claims during the month of April, it appears that the claims are now returning to the March levels which were more in line with an improving job market. Next Friday the national unemployment figures will be released. Experts are predicting an improvement in the labor market which will be a welcome reprieve from last month’s worse than expected employment report.

What has been interesting is that the public is finally beginning to understand that the national unemployment rate is no longer the only number to focus on regarding the status of how many people are out of work. For so many years, the unemployment rate is the only thing the media focused on which made it easy for the government to latch on to improving percentages. Today more and more of the American public understand that the main reason the unemployment percentage has been dropping has less to do with people finding jobs and more to do with people giving up on finding work.

The stock market continues to be stuck in neutral. Good days and bad days seem to be the only thing consistent with the stock market. Overall trading has been light, with the exception of the frenzy related to the IPO of Facebook. It was reported this morning that because of the decline in the Facebook stock price since it began trading, the average employee at Facebook that received stock has lost $844,000 in value. Most employees are not permitted to trade on the stock for a few more months so for now they may have to settle for about a million less than they expected.

What is very interesting about Facebook is that more and more experts feel that the stock continues to be overpriced and the ability for the company to radically increase their profits in the coming years will be very difficult. Despite the 800 million Facebook users worldwide, advertisers are beginning to question the effectiveness of advertising on Facebook. General Motors announced this past week they will no longer advertise on Facebook because they stated that the money they have put into it has not yielded results anywhere near expectations.

Reports for next week are:

Tuesday May 29^th - S&P Case-Shiller Home Value Index and Consumer Confidence
Wednesday May 30^th - MBA Applications and Pending Home Sales
Thursday May 31^st - First Time Jobless Claims and GDP
Friday June 1^st – National Employment

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Fannie Mae Homepath

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422
NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

A Wonderful Time to Choose USDA Home Loans in Redding!

Wed, 23 May 2012 08:50:19 -0700

Market News Update 5/18/12 - Buyers Are Hitting the Streets, Good News for Redding!

Fri, 18 May 2012 10:03:20 -0700

How long has it been since housing was the featured bright spot in the economy? I don’t know exactly, but it is certainly longer than I can remember.

So many areas of the economy are deteriorating with the exception of housing. With mortgage rates once again dropping to record lows, buyers are taking notice and hitting the streets. We are receiving reports of stabilizing home prices, as well as realtors across the country that are continuing to report increased buyer activity. In some areas of the country, especially the south, we are even seeing bidding wars on properties.

The National Home Builders Association that releases the monthly Housing Market Index reported that builders have seen a significant increase in demand for new construction in the month of April. Housing Starts also increased 2.6% in April after having been down by the same amount in March.

There is a lot of concern about Europe again, especially Greece, and that has been weighing heavily on the minds of investors. If you look at a graph of the stock market for the month of May, it looks like a car rolling down hill without any breaks. The DOW Jones Industrial Average has dropped 837 points since the 1^st of the month. Investors are running from the markets and placing their money in the safe haven of government securities. It is this panic that has the mortgage rates reaching all time lows.

Inflation continues to remain a non factor as consumers have maintained their frugal ways and refuse to pay higher prices. Many industries have attempted to increase prices on a wholesale or retail level and, as soon as they do, they immediately see a drop in sales. Consumers simply refuse to pay higher prices. I am a consumer and I know that since the recession, I have completely changed my spending habits to be more conservative and I see no reason to change this regardless of how the economy improves.

Retail Sales improved, however, at a much slower pace than before. In March, sales increased .7% whereas the month of April only realized a slight increase of .1%. None the less, an increase is an increase.

First Time Jobless Claims remained virtually unchanged for another week. Some believe this is a sign of employment stability however others seem to believe that there is cause for concern. Typically at this time of year there is an increase in hiring and that has simply not materialized. Claims remain constant at a slightly elevated level of 370,000.

With the economy slowing, combined with the concerns from the Greek financial crisis, the Federal Open Market Committee is beginning to warm up to the idea that they may have to launch a 3^rd round of economic stimulus, known as QE3.

By no means is the Fed even in the planning stage of providing more stimulus, they are simply at a point where more members are stating that if necessary they will consider it. You may remember that just a few months ago, many of the members were staunchly against providing any more help to the economy. It appears that the deterioration in the markets is beginning to move some of the members to realize that the economy may be in fact slowing down far more than first thought.

Reports for next week are:

Tuesday May 22^nd – Existing Home Sales
Wednesday May 23^rd - MBA Applications, New Home Sales and MBA Applications
Thursday May 24^th - First Time Jobless Claims and Durable Goods Orders

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Fannie Mae Homepath

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422
NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

Market News Update 5/11/12 - Incredibly Affordable Mortgage Rates

Fri, 11 May 2012 09:28:02 -0700

Imagine walking into a room full of all your bosses and announcing that you just lost 2 billion dollars for the company and it was all because of taking financial risks that you had no busy taking….CEO Jamie Dimon of J.P. Morgan Chase announced on Thursday that the company lost this extraordinary amount of money because there Chief Investment Officer Ina Drew took “flawed positions” on certain investments. Simply put, Drew bet on things that the company had no business betting on. Additionally, there are expectations that another 1 billion will be lost in the next quarter.

The biggest irony of the story is that J.P. Morgan Chase is one of the companies lobbying to have a federal law loosened that bans these types of companies from making bets with their own money. Mr. Dimon, when my child used to come home later than he was supposed to, he would then argue that he needed to be allowed to come home later. However since he couldn’t follow the first rule, why in the world would I give him even more freedom? (Good luck getting the Fed’s to allow you to “lose”, I mean” bet” even more money).

Mortgage rates continue to remain at record lows and buyers seem to be responding to it. The Mortgage Bankers Association reported this week a nice increase of 3.4% in purchase activity. Refinances increased a smaller 1.3%.

Sentiment in many real estate markets around the country is that the combination of low home prices with incredibly affordable mortgage rates is making the time perfect to act on purchasing. In addition, many markets around the country are beginning to see housing inventories drop which is creating upward pressure on home prices in certain areas. Ever since the banks had to revamp their foreclosure practices, the amount of foreclosed homes coming on the market has dropped significantly which can further impact home prices: Less inventory creates more demand.

The stock market has been taking it hard this week in that many investors are becoming more concerned about more financial trouble in Europe. The stock averages have been declining throughout the week, however the losses have not been overwhelming, indicating that although there is concern, panic has not set in.

Gas prices have dropped approximately 20 cents in the last 30 days giving drivers a reprieve at the pumps. What is exceptionally gratifying is that typically gas prices will peak in late May just as the country is heading into the summer driving season.

Inflation on the wholesale level remained unchanged this past month indicating that inflation remains completely in control. The financial uncertainty in Europe combined with concerns about corporate profits here in the U.S. continue to keep many investors on the sidelines and others putting their money into government bonds which is what is keeping mortgage rates amazingly low.

This week was a quiet week for economic data. Next week we may see more volatility as we begin to receive the first of many housing reports to be released in the next week and a half. I have predicted in the past that we would see housing numbers improve; however, I am giving up my predictions for the time being. Simple reason is because my predictions have not been all that accurate, and I can find so many other ways to embarrass myself, I don’t need to do it by making bad predictions or bets. (Hmm, maybe there is a job opening at J.P. Morgan chase for me).

Reports for next week are:

Tuesday May 15^th – Consumer Price Index and Retail Sales
Wednesday May 16^th - MBA Applications, Housing Starts, Industrial Production and FOMC Minutes
Thursday May 10^th - First Time Jobless Claims

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Fannie Mae Homepath

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loan

I appreciate your business! Feel free to contact me for I’m always here to answer your mortgage finance questions. Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422
NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

Redding Mortgage News Update - May 4, 2012

Fri, 04 May 2012 10:13:35 -0700

There has been a lot of trepidation this week awaiting the latest jobless report. On Friday morning the government announced that the national unemployment rate dropped to 8.1%. However, before you begin to believe that the employment sector is improving, you need to understand the real numbers.

The reason the unemployment figure dropped is because more workers dropped out of the workforce, not because the jobs market got better. It was announced this morning that only 115,000 jobs were created last month which is significantly lower than March’s 154,000 and February’s 259,000. The trend for hiring is heading in the wrong direction.

What is interesting regarding unemployment is that I read an article earlier this week that is disturbing in two ways. The first disturbing factor is that unemployment only includes non working individuals that have sought out locating a job in the last four weeks. Anyone who has either taken a break from looking for a job, or has given up entirely out of frustration is not included in the unemployment statistics.

The second even more disturbing fact is that when you count the number of people who fall into the category of not being counted, but are in fact truly unemployed, there are an additional 86 million people. Imagine what would happen to the national unemployment percentage if those people were counted?

Additional labor news is that the size of the national labor force is the smallest it has been since the 1980’s. Currently there is little optimism that enough jobs will be created to absorb the bulk of this uncounted group. Let me remind you that we have seen that as technology continues to advance, employers can produce and do more with less staffing, which ultimately reduces the need for hiring. I am not suggesting that these individuals in this uncounted labor population will never be re-employed. I am just making a point that there is more going on behind the scenes regarding the national employment picture than the average consumer understands.

The stock market continued its roller coaster ride this week hitting the highest point in 4 years on Wednesday only to drop back down to where the week began on Thursday. Overall there has been steady improvement in the markets; however, concerns about an economic slowdown are beginning to take hold once again. Additionally, trading volume continues to remain on the lighter side as many investors are sitting on the sidelines waiting to see what happens. With the poor jobs report, the market is down over 100 points on Friday mid-day.

Mortgage rates are once again flirting with all time lows and that is a direct result of investors continuing to place money into the safety of government bonds, which drives down the yields, which directly impacts mortgage rates. The near record borrowing rates continue to improve the fuel needed to improve home purchasing. The MBA reported that applications for home purchases continued the improving trend by rising another 2.9% last week.

A report this week showed that homeownership has hit the lowest point in the last 15 years. Believe it or not, I see this news as a positive sign for housing in the future. As rental vacancy decreases, the cost to rent will increase. The continued decline in apartment vacancy combined with the rising rents will ultimately make home ownership less expensive than renting. This transition will drive buyers into the market. Additionally, qualifying for a mortgage is starting ever so slowly to ease. More creative mortgage programs are hitting the housing market which is opening up the door for more buyers to qualify for financing.

Economic reports on tap for next week are:

Wednesday May 9^th - MBA Applications
Thursday May 10^th - First Time Jobless Claims
Friday May 11^th – Producer Price Index

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Fannie Mae Homepath

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422
NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

Redding Mortgage Market News!

Fri, 27 Apr 2012 10:11:31 -0700

Is it possible that the new “normal” for the markets is what we have been experiencing for the last year?

Every month the Fed meets to discuss economic policy, and every month they issue virtually the same report. We continue to hear that the economy is moderately improving and that the Fed plans on maintaining economic policy the same as it is. Simply put, this means that we are growing and recovering very slowly and that challenges to the economy will continue to remain both from the U.S. and from abroad.

Additionally the Fed has indicated that they stand ready to add more stimulus to help the economy if it is warranted, however their current plans and actions being taken will remain unchanged for now. By the way, the stock market seemed to like this news because we have had 4 straight days of upward numbers.

Quite a few pieces of real estate data were released this week. Guess what the data showed?...Answer: Nothing NEW. The real estate market continues to mend itself at a very slow pace. Don’t get me wrong, the trend is in the right direction, it is just taking much longer than anyone predicted and it is occurring at a slower pace than predicted. Many experts believed that housing would be in better shape than it is today.

The S&P Case-Shiller Home Value Index showed that home prices have ticked up .2% in the 20 major cities throughout the U.S. that they measure. In addition, the report shows that the rate of overall value decline may be slowing. In February the index showed that home prices were down 3.9% from the prior February. The latest report shows that values are down 3.5% from a year ago which indicates that the market may be stabilizing.

New Home Sales came in weaker than expected and that is what made big headlines early this week. However, as the media always does, they only report the headline and they didn’t report what is really happening which is much better than expected. March new home sales declined 25,000 which had people worried about the future of building. What mainstream media failed to announce is that the prior month’s numbers had been revised upward by 40,000 showing that in February there was huge gain in sales. The reality of the matter is that new homes sales are improving and more than likely there will be an upward revision to this week’s numbers as well.

Additional positive real estate data came in the report on Pending Home Sales which showed a 4.1% increase in contract signings from the prior month. This is another consecutive monthly increase that has occurred since September. Concern remains that there is a large gap between pending and existing home sales. The difference is attributed to the number of transactions that are being put together versus the number that are closing. All indications point to the continued tight lending guidelines that exist. The bright side is that more home buyers are hitting the market attempting to purchase real estate.

Mortgage rates continue to remain very low and home affordability is still at one of the highest points in history. The inventory of homes for sale is dropping slowly. The question remains, now that the five biggest lenders in this country have settled with the government on their illegal practices of handling foreclosures, just how much will foreclosures increase in the coming months now that the banks are bank pursuing once again after the moratorium that lasted almost a year? We just have to wait and see what the real impact will be.

Economic reports on tap for next week are:

Tuesday May 1^st – ISM Manufacturing Index
Wednesday May 2^nd - MBA Applications and the ADP Employment Report
Thursday May 3^rd - First Time Jobless Claims
Friday May 4^th – National Unemployment

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Fannie Mae Homepath

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422
NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

HARP 2.0 – AN EXCITING REFINANCE PROGRAM FOR REDDING AREA!

Fri, 20 Apr 2012 14:13:48 -0700

Redding area Homeowners… Don’t be discouraged if you owe more than your house is worth—there is a light! HARP 2.0 is the enhanced Home Affordable Refinance Program with exciting new features available to Redding area homeowners who wish to refinance and who have a loan through Fannie Mae or Freddie Mac.

For borrowers in the Redding area who qualify, HARP allows you to take advantage of current market rates even if you are “underwater”. If you are current on your mortgage, with or without equity, then you are eligible for this exciting program.

Some of the key revolutionary features in HARP 2.0 are that all occupancies and property types are included, appraisals may not be required, loan to value may be over 100%, and there can be a subordination of second mortgages.

You may be able to lower your monthly payments and/or term using the Fannie Mae/Freddie Mac streamline process, so find out about HARP 2.0 today!

Contact me today to see if this program is right for you. I am happy to assist you in every way possible to make refinancing happen for you, your clients, friends or family. Please CLICK HERE for more information on loan programs. I assist buyers with their home loans in Northern California and other states as well.

Feel free to contact me anytime at 530-722-3150 or cindy@cindytomlinson.net.

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Fannie Mae Homepath

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company
DRE Lic # 01520422
NMLS # 214851 / 1855

PS… FOLLOW ME on Facebook for the latest Mortgage updates

Redding- Buy a Home after Foreclosure or Short Sale!!!

Tue, 28 Feb 2012 14:23:43 -0800

We all have a friend, a family member, co-worker, etc who has felt the strain of the real estate industry. Some have lost their homes to foreclosure or a short sale in the last few years.

As the saying goes, time passes quickly! Just last week I successfully closed a loan for a homebuyer purchasing a home 3 YEARS from the date of their prior foreclosure using a USDA loan program, which is 100% financing.

Both USDA Loans and FHA Loans are allowing purchasers to finance again after 3 years. VA Loans have a short wait of 2 years.

Both house prices and interest rates have been extremely low, which makes this a fantastic time for not only our first time home buyers, but also for those who may have experienced a foreclosure or a short sale.

As your mortgage professional, I pride myself on not only being able to keep you up to date on the latest market happenings, but to always be there for you to assist you in any way possible in regard to mortgage financing and accessing important information about the real estate.

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Fannie Mae Homepath

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422
NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

Market News Update!!!

Fri, 24 Feb 2012 11:08:07 -0800

HAPPY FRIDAY!

The housing market continues to improve however it is not without is challenges. Existing Home Sales climbed another 4.3% above last month’s increase. The increase in sales is coming at a cost...the median price of homes declined 4.6% and the average home price dropped 4.0%.

Mortgage rates continue to remain historically low however they are starting to creep up and borrower rate sensitivity is evident in the latest figures released by the Mortgage Bankers Association. Mortgage rates have risen slightly in the last week and the MBA has reported that applications for purchase applications declined 2.9% and refinances dropped 4.8%.

The only negative in housing is Friday’s New Home Sales Report. New home sales in December fell 2.2 percent to a disappointingly soft annual rate of 307,000. While the number fell short of expectations, the dip did follow three consecutive gains-4.1 percent in September, 1.7 percent in October, and 2.3 percent in November. It is not surprising to some that the number declined, as mentioned before, the continued reduction in median and average home prices works better for the existing home sale market versus new construction.

The stock market has been steadily increasing at a modest pace. The upward movement in the market is contributed to mainly positive economic news. In recent months manufacturing, retail sales and many of measurements of economic performance have all been improving steadily.

In addition, the employment picture continues to improve with First Time Jobless Claims remaining the same from the prior week. The current level of claims bodes well for the next highly anticipated jobs report to be released in 2 weeks. Almost all experts predict a further decline in national unemployment.

As great as the improving trend of economic news has been lately, there still remains two potential economic storms that can create havoc for the economy. The first is the rising gas prices which we all have been experiencing at the pump. So far we all seem to be taking it in stride and no large economic impact is being felt. The big question is at what price point will consumers once again begin curtailing spending? There is no agreement amongst experts as to what this number is. My feeling is simply let’s hope we don’t hit it whatever that number is.

The second potential economic storm is the continued uncertainty in Europe. For the last two weeks Greece potential debt default has been the focal point of the markets. For now, the good news is that it appears that many of the pieces are in place to avoid a default.

Housing Recommendation: Home prices are at the lowest point in 10 years. When you combine low mortgage rates with low home prices, affordability is now at one of the highest points on record. With the continuing improvement in home sales along with the improving employment picture, this can lead to more purchases and ultimately a reduction in home inventory. A reduction in inventory will cause home prices to rise. If you are thinking about purchasing a home, you may want to start your search now. If you own a home and have yet to refinance, it is likely that rates will rise impacting your potential interest rate savings. ACT NOW!

As much as this week had minimal economic news reported, next week expects to be a much fuller schedule.

Monday February 27^th – Pending Home Sales

Tuesday February 28^th - Durable Goods Orders

Wednesday February 29^th - MBA Mortgage Applications and GDP

Thursday March 1^st - First Time Jobless Claims

Friday March 2^nd – ISM Manufacturing Index and Construction Spending

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Fannie Mae Homepath

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422
NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

Refinance in Redding CA!

Wed, 02 Nov 2011 12:31:22 -0700

In Redding, we have an excellent opportunity to refinance your loan and take advantange of the savings!

If you have an interest rate at 4.50% or higher, you’re a great candidate to refinance! With rates at historic lows you could save thousands of dollars! Don’t Miss what could be your last opportunity!

DON’T GET LEFT BEHIND! Call me TODAY for More Information and a FREE ANALYSIS! (530) 722-3150 or (530) 227-4770 cindy@uslendingcompany.com OR www.cindytomlinson.net.

OR Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· Fannie Mae Homepath

· USDA 100% Financing

· 203k Rehabilitation Loans

· Refinancing to Lower Your Payment

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company
DRE Lic # 01520422/NMLS # 214851

REDDING REFINANCE

Wed, 10 Aug 2011 16:13:29 -0700

DON’T GET LEFT BEHIND! Call me TODAY for More Information and a FREE ANALYSIS! (530) 722-3150 or (530) 227-4770 cindy@uslendingcompany.com OR www.cindytomlinson.net.

OR Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Refinancing to Lower Your Payment

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company
DRE Lic # 01520422/NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

** Offer of credit is subject to credit approval. Loan programs are subject to change

Redding Homebuyers

Thu, 28 Jul 2011 18:15:50 -0700

First Time Homebuyers in Redding and the surrounding areas have an excellent choice for loan programs to allow them to purchase a home for as low as zero down.

This is an excellent opportunity in our area!!! The USDA program allows for a buyer to finance all of the purchase price, and even closing costs. A USDA loan allows our homebuyer’s the convenience of not having to bring little or sometime any money in to close escrow!

USDA is not restricted to first time Redding homebuyers.

USDA does have eligibility requirements in regards to location. The majority of Redding does not fall into the parameters, however… the “outlining” areas, and all of Anderson, Cottonwood, Shasta Lake City, Palo Cedro, Bella Vista, etc are perfect candidates for this program.

Fannie Mae Homepath is another great option, which allows a buyer to purchase a Fannie Mae owned property with benefits including Low Down Payment– As Low as 3%, No Appraisal required, No Mortgage Insurance, Seller Contributions. Homepath is available for Primary Residence, Second Home AND Investment Properties.

FHA Loans, is most popular in Redding and surrounding areas. FHA Loans do not require a large down payment, and in some cases, there are down payment assistance is available to those who qualify. If you are "upgrading" your home you can take benefit by putting the 3.5% down payment that is required by FHA, these funds may also come in the form of a gift. Additionally, buyers can reduce their out of pocket expenses, by having the sellers contribute up to 6% towards closing costs.

All of these loan programs are a great way to for you to achieve your ultimate dream of owning a home. I am happy to assist you in every way possible to make homeownership happen for you, your clients, friends or family. Please CLICK HERE for more information of loan programs. I assist buyers with their home loans in Northern California and other states as well.

Contact me today to see what program is right for you. I can also help you with USDA, FHA, and VA Refinance Loans, Conventional & Jumbo purchases and refinance in Redding, CA and throughout the state of CA.

Feel free to contact me anytime at 530-722-3150 or cindy@cindytomlinson.net.

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Refinancing to Lower Your Payment

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company
DRE Lic # 01520422/NMLS # 214851

PS… FOLLOW ME on Facebook and Twitter for the latest Mortgage updates

** Offer of credit is subject to credit approval. Loan programs are subject to change.

USDA LOANS AROUND REDDING

Thu, 21 Jul 2011 19:52:35 -0700

USDA in Redding and the surrounding areas allows a buyer to purchase a home with no down payment!

This is an excellent opportunity in our area!!! This program allows for a buyer to finance all of the purchase price, and even closing costs. A USDA loan allows our homebuyer’s the convenience of not having to bring little or sometime any money in to close escrow!

USDA is not restricted to first time Redding homebuyers.

USDA Loans Allow an imperfect Credit History

If your credit is less than perfect, USDA might be the loan for you. You may qualify for an USDA loan even though you have had past financial troubles.

No Minimum Credit Score!
Bankruptcy. You can obtain a USDA loan three years from the date of your bankruptcy discharge, as long as you've maintained good credit since your debts were discharged.
Foreclosure. If you keep your credit in excellent shape since a foreclosure, an USDA loan may be available to you 3 years from the final date of your foreclosure.

USDA is a great way to achieve your ultimate dream of owning a home. I am happy to assist you in every way possible to make homeownership happen for you, your clients, friends or family. Please CLICK HERE for more information of loan programs. I assist buyers with their home loans in Northern California and other states as well.

Contact me today to see if USDA is right for you. Or CLICK HERE to use our free, refinance advisory tool.

I can also help you with FHA Purchase or Refinance, VA Purchase or Refinance, Conventional & Jumbo purchases and refinance in Redding, CA and throughout the state of CA.

Feel free to contact me anytime at 530-722-3150 or cindy@cindytomlinson.net.

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Refinancing to Lower Your Payment

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422/NMLS # 214851

PS… FOLLOW ME on Facebook and Twitter for the latest Mortgage updates

** Offer of credit is subject to credit approval. Loan programs are subject to change.

FHA Loans Redding CA

Thu, 09 Jun 2011 15:50:13 -0700

More and more in Redding and surrounding areas are refinancing and purchasing a new home with FHA loans, and there is a huge motivation for that. FHA is an excellent way to make the most of your buying potential. FHA allows for LOW down payments, extremely low interest rates and flexible underwriting guidelines. Because an FHA Loan is backed by the Federal Government, it allows lenders to offer low rates.

FHA Loans do not require a large down payment, and in some cases, there are down payment assistance is available to those who qualify. If you are "upgrading" your home you can take benefit by putting the 3.5% down payment that is required by FHA, these funds may also come in the form of a gift. Additionally, buyers can reduce their out of pocket expenses, by having the sellers contribute up to 6% towards closing costs.

FHA Loans can also be used to refinance your current home as well. It is not necessary that you currently have an FHA Loan. You can take advantage of the lower interest rates available and lower your monthly payments, not only that you can receive cash from the equity in your home up to 85% of your home’s value.

FHA Loans Allow an imperfect Credit History

If your credit is less than perfect, FHA might be the loan for you. You may qualify for an FHA loan even though you have had past financial troubles.

FICO scores can be lower than those for a conventional loan.

Bankruptcy. You can obtain an FHA loan two to three years from the date of your bankruptcy discharge, as long as you've maintained good credit since your debts were discharged.

Foreclosure. If you keep your credit in excellent shape since a foreclosure, an FHA loan will be available to you two to three years from the final date of your foreclosure.

FHA is a great way to achieve your ultimate dream of owning a home. I am happy to assist you in every way possible to make homeownership happen for you, your clients, friends or family. Please CLICK HERE for more information of loan programs. I assist buyers with their home loans in Northern California and other states as well.

Contact me today to see if FHA is right for you. Or CLICK HERE to use our free, refinance advisory tool.

I can also help you with a USDA Rural Development, VA Purchase or Refinance, Conventional & Jumbo purchases and refinance in Redding, CA and throughout the state of CA.

Feel free to contact me anytime at 530-722-3150 or cindy@cindytomlinson.net.

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Refinancing to Lower Your Payment

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422/NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

** Offer of credit is subject to credit approval. Loan programs are subject to change.

Homebuyers in Redding- Great Mortgage Programs Available!

Fri, 27 May 2011 15:59:15 -0700

It has been a very busy month in Shasta County this May.

There were approximately 180 closed escrows last month, up nearly 20 transactions from March. Nearly half, or 47 percent, of all sales last month were foreclosures.

First-time homebuyers and investors are taking advantage of low interest rates and continue to drive the market.

The amount of inventory of bank owned properties continues to grow rapidly. For better or worse, the banks are very slow to release these properties for sale in the market as to not create an oversupply of housing inventory which would result in driving down house values rapidly. It is expected that the banks will continue this slow drip of properties for sale to keep housing prices somewhat stable.

So what we have here is Fabulous Opportunity. It is a great time to take advantage and refinance your existing loan while rates are low. Buyers are sitting in a great spot as well. Spring is in the air and there are a lot of great homes out there.

If you are interested in discussing options regarding qualifying for a new loan, CLICK HERE, to use my refinance advisor tool to see if it is the right time for you.

I am happy to assist you in every way possible to make homeownership happen for you, your clients, friends or family. Please CLICK HERE for more information of loan programs. I assist buyers with their home loans in Northern California and other states as well.

Feel free to contact me anytime at 530-722-3150 or cindy@cindytomlinson.net.

Call Me Today for More Information About:

· Purchasing w/Low Down

· FHA Loans

· VA Loans

· USDA 100% Financing

· 203k Rehabilitation Loans

· Refinancing to Lower Your Payment

· Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.

· Reverse Mortgages for Seniors

· Home Equity Line of Credit

· Construction Loans

· Commercial Property Loans

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422
NMLS # 214851

PS… FOLLOW ME on Facebook for the latest Mortgage updates

Market News Update 03/18/2011

Fri, 18 Mar 2011 13:21:47 -0700

Happy Friday!

Before I even begin to write about the economy, let us not forget about the people who are suffering and struggling in Japan. My heartfelt wishes for their safety goes out from my heart daily.

The economy which has been on a roll for the last few months now once again seems to be in limbo as the focus on how Japan's nuclear emergency may take a toll on the world economies. Since Japan is not only the 3^rd largest country in the world, they also produce many items for many countries. As you may know, production of these products whether it is automobiles, parts, electronics, or accessories has come to a virtual standstill.

Despite many areas of the economy that improve, housing continues to be that one area that just won't wake up. Housing Starts last month dropped 22.5% to the lowest point on record since 1959. Mortgage applications for housing purchases also dropped despite the fact that mortgage rates have dropped significantly over the last 2 weeks. Additionally there continues to be much speculation that home prices may continue to drop which will contribute to even more people waiting on the sidelines so they can secure an even better deal on purchasing a home.

A very misleading report was released stating that in many parts of the country the cost of owning a home could be less than what you pay in rent. The issue with the report is that when they compare mortgage payments to rent payments, they left out 2 critical items - the real estate taxes and homeowners insurance. (Since the report did not include taxes and insurance, does that mean I don't have to pay mine anymore?)

Inflation appears to be increasing rapidly when you read the headlines. However when you take out the volatile food and energy prices from the report, inflation on the wholesale and retail level seems to be increasing at very slow pace and remain very much under control.

The Fed announced this week that they intend on keeping interest rates low for, as they put it, "the extended future". Additionally the Fed went on to state that they see the speed of the recovery increasing slightly.

Overall when you look at all the reports as of late, with the exception of housing, we have seen a nice improvement in the markets. (Well up until this week anyway)

The stock market which had been rising rapidly gave back virtually all the gains this year in just a few trading days this week. Investors are very concerned about the potential impact the disaster in Japan can have on the world economies.

Reports due out next week are:

Monday March 21^st - Existing Home Sales·
Tuesday March 22^nd - Federal Housing Finance Agency House Price Index
Wednesday March 23^rd - MBA Mortgage Applications and New home Sales
Thursday March 24^th - First Time Jobless Claims
Friday March 25^th - GDP and Consumer Sentiment

If you know anyone that could use the help of a professional mortgage banker, please feel free to give me a call. I work with clients all over CA and in other states as well.

I am thankful for the opportunity to assist you in any way I can.

Call 530-722-3150 for More Information About:

Purchasing w/Low Down
FHA Loans
VA Loans
USDA 100% Financing
203k Rehabilitation Loans
Refinancing to Lower Your Payment
Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.
Reverse Mortgages for Seniors
Home Equity Line of Credit
Construction Loans
Commercial Property Loans

You can also Follow me on Facebook for recent updates on Mortgage Market News.

I appreciate the opportunity to work with you and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer
USLending Company
DRE Lic # 01520422
NMLS # 214851

First Time Buyers in Redding

Mon, 07 Mar 2011 15:38:33 -0800

For those in and around the Redding area, you are probably hearing from friends and family, that now is such a great time to be buying your first home. Home prices and interest rates are still working in the favor for both new and move up/down buyers. There are many home loan programs available to assist you in purchasing your new home.

One most popular in our area is the FHA loan. This program allows buyers to purchase with as low as 3.5% downpayment. The interest rates are low, and the qualifying factors are a bit more forgiving.

Another very popular home loan program is the USDA/Rural Housingloan, which is 100% financing. Additional restrictions do apply on this program. Call me at 530-722-3150 to determine eligibility.

There are additional loan programs available, for more information or to discuss your options, please contact me anytime. To qualify now for your home loan, CLICK HERE to get started.

It is also very helpful for buyers to have a team behind them. Having your own agent to assist you with the home search is very helpful. They are working for you to ensure you are armed with the latest market conditions and are there to offer you support and information. CLICK HERE for a list of recommended agents in and around the Redding area.

If you know anyone that could use the help of a professional mortgage banker, please feel free to give me a call. I work with clients all over CA and in other states as well.

I am thankful for the opportunity to assist you in any way I can.

Call 530-722-3150 for More Information About:

Purchasing w/Low Down
FHA Loans
VA Loans
USDA 100% Financing
203k Rehabilitation Loans
Refinancing to Lower Your Payment
Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.
Reverse Mortgages for Seniors
Home Equity Line of Credit
Construction Loans
Commercial Property Loans

You can also Follow me on Facebook for recent updates on Mortgage Market News.

I appreciate the opportunity to work with you and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer
USLending Company
DRE Lic # 01520422
NMLS # 214851

USDA UPDATES

Tue, 22 Jun 2010 18:40:20 -0700

USDA... Our great program for 100% financing for Home Buyers in the Redding and surrounding areas is funding again!

There has been so much chatter on this program... is it back, is it passed through Congress, Senate, etc.?? Well, our good news is while they are ironing out the details, we are funding the program again.

This is due to the good news has come out of Washington DC regarding "conditional funding" of loans through the USDA Rural Development loan program. There will be conditional commitments for single family homes issued, subject to "the availability of funds and statutory authority to obligate such funds to support the proposed guarantee, the statutory authority to charge a sufficient guarantee fee (if any is needed, to support the proposed guarantee with available funding), and should the lender pass on to the borrower a loan origination fee that is higher than the guarantee fee that RHS is ultimately authorized to charge on the proposed guaranteed loan, the lender agrees to promptly return the difference to the borrower." Rural Development has $2.5 billion to allocate, subject to these terms, and although the department accepting Section 502 applications, it is not reserving loan funds for applications.

If you have any questions regarding this program or others, please feel free to call me anytime!

Cindy Tomlinson
DRE Lic # 01520422 NMLS # 214851

I am happy to assist you in every way possible to make homeownership happen for you, your clients, friends or family. Please CLICK HERE to use my dream home search tool. I assist buyers with their home loans in Redding and surrounding areas.

Feel free to contact me anytime at 530-722-3150 or cindy@cindytomlinson.net.

Homebuyers Act Fast!

Tue, 16 Mar 2010 17:21:37 -0700

While home loans in Redding have been getting busier wtih the winter soon behind us, we still have good reason to encourage those first time home buyers we know.

Our Redding Homebuyers need to act soon! The tax credit for home buyers is expiring in about 44 days. If you know any prospective homebuyers holding out on purchasing a home, we may need to encourage them to rethink why they are. The government has recently confirmed that the tax credit will not be extended again!

I am happy to assist you in every way possible to make homeownership happen for you, your clients, friends or family. Please use my home search tool at http://www.norcallender.com/forms/findAHome.html. I assist buyers with their home loans in Redding and surrounding areas.

Feel free to contact me anytime at 530-722-3150 or cindy@norcallender.com.

First Time Homebuyer Opportunities in Redding CA

Tue, 16 Mar 2010 12:54:55 -0700

Here in Redding CA, we are seeing the sunshine all week. It is waking up our buyers! There are still many opportunities for families in to buy a home in Redding and surrounding areas. Home loan programs such as USDA, and FHA are available to allow our Homebuyers to obtain financing with as little as 0-3.5% downpayment. Buyers can search for listings at http://www.norcallender.com/forms/findAHome.html

I am available to assist buyers with their home loans in Redding CA and all throughout CA. Feel free to contact me at 530-722-3150 or cindy@norcallender.com.

Its Time To Buy!

Thu, 28 Jan 2010 12:30:44 -0800

A few positive things I wanted to mention is what is coming in our future. They say 80% of the buyers in 2010 will be 1^st time homebuyers. That is awesome! You must know that a 1^st time homebuyer is not someone who has never owned a home, but actually it is someone who has not owned within the last 3 years. This means along with the new buyers who are purchasing their very 1^st house, we are forecasted to have prior homeowners purchasing a new home again. Hopefully to include some of those who have recovered from losing their home in the beginning of this real estate collapse?

The times we are in right now may not be able to benefit everybody, but it sure is a nice thing to put the spotlight on, knowing that many families will be able to take advantage of the times we are in. Many of my clients have had success in finding a new home to own, and paying very close to what they have been paying in rent. Add the IRS tax incentive to the mix, and it is a winning combination.

We are a direct mortgage banker for FHA, USDA, VA and Conventional programs.

If you know anyone that could use the help of a professional mortgage banker, please feel free to give me a call. I am thankful for the opportunity to assist you in any way I can. 530-722-3150 or cindy@uslendingcompany.com

Tax Credit Warning!

Fri, 18 Sep 2009 13:08:47 -0700

The tax credit expiration is only 75 days away. Buyers delaying any longer on their decision to purchase a home is in all likely-hood going to knock them out of receiving the first time homebuyer's tax credit of up to $8,000. Even as recently as today, the government has not indicated that they will extend the credit beyond November 30th.

As you know, it is taking sometimes 45 to 60 to even 90 days to close on a home.If buyers do not locate a home by the end of this month, the chances on them closing in time to be eligible for the credit narrowing.

I know you may be tired of seeing me and others write to you about this, it is just that I hate for people to miss out on great opportunities when it comes to purchasing real estate. If I can be of any assistance to you in any way, please feel free to call me directly at 530-722-3150.

Call Me Today for More Information About:

Purchasing w/Low Down
FHA Loans
VA Loans
USDA 100% Financing
203k Rehabilitation Loans
Refinancing to Lower Your Payment
Refinancing for: Cash Out, Debt Consolidation, Remodeling, etc.
Reverse Mortgages for Seniors
Home Equity Line of Credit
Construction Loans
Commercial Property Loans

If you know anyone that could use the help of a professional mortgage broker, please feel free to give me a call. I am thankful for the opportunity to assist you in any way I can.

I appreciate your business and look forward to talking to you soon! Have a great day!!!

Sincerely,

Cindy Tomlinson
Loan Officer

USLending Company

DRE Lic # 01520422

530-722-3150 Office

Email- cindy@uslendingcompany.com

or visit my website:
www.realestateloanca.com

Hope for Homeowners- A great opportunity!

Tue, 07 Oct 2008 13:18:43 -0700

To date, this has to be the best solution for struggling home owners who are facing foreclosure! Hope for Homeowners is the program we have been waiting for. The program will let hundreds of thousands of homeowners trapped in mortgages they can't afford on homes that have decreased in value escape foreclosure by refinancing into a more affordable, fixed-rate FHA loan.

Affordability vs. value: The current lenders will take a loss on the difference between the existing lien and the new loan, which is based on 90% of current appraised value. The lender may choose to provide homeowners with an affordable monthly mortgage payment through a loan modification rather than accepting the losses associated with declining property values.

Borrower eligibility: Lenders that determine the H4H program is a feasible and effective option for mitigating losses will assess the homeowner's eligibility for the program:

* The existing mortgage was originated on or before January 1, 2008;

* The existing mortgage payment(s) as of March 1, 2008 exceeds 31% of the borrowers gross monthly income;

* The homeowner did not intentionally default, does not have an ownership interest in other residential real estate and has not been convicted of fraud in the last 10 years under Federal and state law; and

* The homeowner did not provide materially false information (e.g., lied about income) to obtain the mortgage that is being refinanced into the H4H mortgage.

Details are still arriving daily on the "How, What and Where" of this program, and I am in line to get that information.

If you, or any of your family and friends have any questions on this program, or others, Call me today to discuss your situation.

Please forward this to anyone you know who might benefit from a consultation.

Cindy Tomlinson
Loan Officer
USLending Company

530-722-3150 Office

Email- cindy@uslendingcompany.com
or visit my website: www.realestateloanca.com

Keeping Our Eyes WIDE Open!

Fri, 03 Oct 2008 20:24:24 -0700

"A Day in the Life as a Loan Officer in Redding California"... yet another great title. WOW! Has this been yet another unbelievable week in the Mortgage Business.

Just when you think you've heard it all.. USDA comes in with their own set of delays. Not to worry, they are said to be worked out very soon.

The USDA Program runs on a fiscal year which just ended Sept 30, 08. Due to increased demand of the USDA 100% no MI program, all funds for 2008 were completely exhausted. In past years, any funds remaining were rolled into the following year beginning Oct 1. This year that just wasn't the case.

President Bush has now signed what is being called the "Continuing Resolution" insuring the continuance of the USDA program for all of fiscal year 2009. The USDA program is on a year by year basis thus having to have presidential approval annually to stay a viable GSE.

So all in all, USDA is alive and well and will be around through all of the fiscal year 2009. This is a fantastic loan program for homebuyers, whether it is their first time buying or not.

Cindy Tomlinson
Loan Officer
USLending Company

Direct- 530-722-3150

Email- cindy@uslendingcompany.com

Visit my website @ www.realestateloanca.com

100% FINANCING WITH USDA

Fri, 03 Oct 2008 15:43:14 -0700

"A Day in the Life as a Loan Officer in Redding California"... yet another great title. WOW! Has this been yet another unbelievable week in the Mortgage Business.

Just when you think you've heard it all.. USDA comes in with their own set of delays. Not to worry, they are said to be worked out very soon.

So all in all, USDA is alive and well and will be around through all of the fiscal year 2009. This is a fantastic loan program for homebuyers, whether it is their first time buying or not.

Cindy Tomlinson
Loan Officer
USLending Company

Direct- 530-722-3150

Email- cindy@uslendingcompany.com

Visit my website @ www.realestateloanca.com