-Some don't need the ocean view. -Some don't need the 4-car finished garage. -Some don't need the extra bedroom/home office. -Some don't need the picket fence or landscaped lawn.
-Some do need their first home and don't have a down payment. -Some do need a lender credit to help with closing costs. -Some do live, or will live, in eligible census tracts. -Some do believe in the American Dream.
If you've been conditioned to think that only eligible veterans can finance a home without a down payment, or if you've been told that in order to purchase … (8 comments)
If you searched unsuccessfully for a home and suffered one heartbreak after another in 2021, 2022 hasn't necessarily greeted you with open arms either. Near non-existent inventory in many areas, fierce competition and rising interest rates have all conspired to make the landscape rockier still.
Despite this, I've found five tips can be a universal help in getting you into contract, regardless of your own individual circumstances. Rock them with me on Youtube:
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Welcome to the jungle,
Rob Spinosa SVP of Mortgage Lending Guaranteed Rate NMLS: 22343 Cell/Text: … (3 comments)
As I type this blog post, it's raining outside, pouring actually. And that's fitting because if you've been looking to get a mortgage since the presidential election, you've been facing your own personal deluge of sorts as well. Interest rates are higher, no doubt about it, and the worst two week bond rout in the last 26 years has translated into approximately a half percent increase in rates to most programs.
So how bad is it?
There's a few ways to look at this, and the chart below shows that bond prices are approaching where they were exactly one year … (5 comments)
first time buyer: California Down Payment Assistance
- 06/07/11 07:03 AM
California Down Payment Assistance RPM is pleased to announce its status as an approved lender for California's CHF down payment assistance program. If you have any questions about this program, please contact me at 877-270-5959 or rspinosa@rpm-mtg.com. Please note that this program is NOT limited to first-time homebuyers and can be used for both new and existing homes. The down payment assistance comes in the form of a grant and low-to-moderate income levels are eligible. The financing obtained will be a 30-year fixed loan (FHA or VA) and rates are extremely competitive. For maximum financing and purchasing power, this is going to be a … (2 comments)
How a First Time Homebuyer Can Buy a Home with No Money Down
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