loan: FHA or Conventional Mortgage - Which is Better (& Why)? - 04/01/19 03:14 PM
FHA or Conventional...this is often the question.  The purpose of this article is to help you (and/or your Clients) articulate the pros & cons of each from an objective perspective.
 
FHA - Stands for Federal Housing Administration with guidelines handed down from the Department of Housing & Urban Development (HUD).  In other words, any Mortgage Lender who originates an FHA loan is beholden to the guidelines of HUD.
 
Pros of FHA Loans:
  
Metophorically speaking, in order to be approved for ANY mortgage loan, you need to "fit in the box" of approval guidelines.  With FHA, "the box" is larger.  In other words, the … (2 comments)

loan: Child Support & Alimony Mortgage Changes In 2012 - 01/19/12 03:00 PM
Child Support & Alimony Mortgage Changes to be aware of in 2012!

 
Homebuyers and Homeowners who are using Child Support and/or Alimony as income will want to be aware of this change in Freddie Mac underwriting guidelines (Fannie Mae is expected to follow suit shortly).
Effective January, 2012
Previously, mortgage underwriting guidelines pertaining to the receipt of Child Support and/or Alimony required the Borrower show evidence that they have received this income for the past 3 months.  Effective with Freddie Mac Bulletin 2011-21, Borrowers must now provide a minimum of 6 months worth of documentation in order to be … (1 comments)

loan: Mortgage Interest Rate Update 3-25-2011 + Projected Trends & Today's Best Mortgage Rates & Mortgage Quotes - 03/25/11 03:53 AM
Have you subscribed to this free service yet? Feel free to forward this information to Buyers who are aggressively shopping for the best interest rates! All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES. Introducing an easy-to-follow inside look at mortgage rate activity, featuring charts, rate sheets, market commentary, and even video recordings all in one daily morning blog! Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why). Subscribe to this free daily update by clicking the … (0 comments)

loan: San Diego Mortgage Interest Rate Update 2-25-2011 + Projected Trends & Today's Best Mortgage Rates - 02/25/11 02:59 AM
Introducing an easy-to-follow inside look at mortgage rate activity, featuring charts, rate sheets, market commentary, and even video recordings all in one daily morning blog! Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why). Subscribe to this free daily update by clicking the button on the right hand side of this page and always be aware of todays best mortgage rates. Although the title of this blog mentions San Diego, these updates are good for the entire state of California.
While basic understanding of the "book smarts" within the … (0 comments)

 
Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE (AmeriFirst Financial Inc, San Diego, CA) Rainmaker large

Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE

San Diego, CA

More about me…

AmeriFirst Financial Inc, San Diego, CA

Address: 12544 High Bluff Drive, Ste. 100, San Diego, CA, 92130

Office: (858) 461-7007

Mobile: (619) 200-8031

Email Me

Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon Blog Google+


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