RE-FI Boom

As the mortgage crisis worsens and prices continue to drop it is increasingly difficult to get financing. With the increase in limits on FHA loans and lower fico scores needed along with higher debt to income ratios than conventional financing there should be a boom in refinance business. In California the new limit in San Diego is over 697,000 and over 700,000 in Orange and LA counties We are seeing more activity than in the past 3 months. Look at the FHA Programs available when evaluating a clients situation and it may prove to be a good source for helping people that have lost most of the equity in their homes. FHA will go to 95% LTV and 97% under some circumstances.  With the market adjusting daily it is a interesting time to be in the lending business. All I can say is Winners never quit and Quitters never win.
 
Posted by Tim Turbeville on 04/04/2008 12:22 AM   Comments (1)  
This post has been included in Arkansas Information
Post is included in group: ActiveRain Gatherings
Post is included in group: San Diego Mortgage Network
Post is included in group: Market Updates
Post is included in group: Mortgage Solutions
Post is included in group: San Diego Real Estate Q and A

1 Comments on RE-FI Boom

can I ask a stupid question????  Why is this in the Active Rain gatherings group?  Maybe you should read the goup descriptions before posting in that group.  Just a polite FYI....thanks

04/28/2008 11:07 PM by Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages -- Mortgages (Infinity Home Mortgage Company, Inc)

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Loan Officer: Tim Turbeville (US Financial Mortgage Corp.)
Tim Turbeville
San Diego, CA
More about me…
US Financial Mortgage Corp.

Office Phone: (619) 291-3282
Cell Phone: (858) 337-6286
Email Me

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find CA real estate agents and San Diego real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved