Pay It Forward's Blog

Booklets 33 Ways To Sell Your Home Fast Home Buyers Handbook Credit Scoring Booklet Equity Management Booklet Reverse Mortgage Booklet Pre-Lending Package Calculators Mortgage Calculator Interest-Only Calculator How Much Can I Save by Consolidating My Debt? Amortization Calculator Bi-weekly Calcu...

FHA Loan Center It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan ar...

Here's the scenario... - SFR - Full Doc - Owner Occupied - 722 FICO - 80 CLTV behind Conforming Jumbo - Cash Out - Property in Dublin, CA Here's the real catch... we are adding the borrower's son to title and putting him on the loan.  Most banks require at least 6 months seasoning on title.  Good...

Mortgage rates dip for third straight week Date: 05/22/2008 Rates on 30-year fixed mortgages fell to an average of 5.98% according to a survey released Thursday by mortgage giant Freddie Mac. The drop marks the third consecutive week in which the average mortgage rate has dropped. This same time ...

FHA Loan Center It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan ar...

         According to the California Association of Realtors 66% of Los Angeles County residents can afford to purchase an entry-level home worth almost $400,000. Just last year the same survey concluded that only 21% percent could afford to purchase an entry-level home. The trade group attribute...

Which loan is right for me? Years you plan to stay in the houseRecommended program 1-3 3/1 ARM, 1 year ARM or 6 month ARM 3-5 5/1 ARM 5-7 7/1 ARM 7-10 10/1 ARM, 30 year fixed or 15 year fixed 10+ 30 year fixed or 15 year fixed Loan Programs    Advantages     Disadvantages Fixed Rate Mortgages 30...

Fannie Mae announced this week that it will lower the amount of down payment it will require for single-family conforming home loans. Starting June 1st buyers will only be required to put a 3% down payment however the home they are purchasing will need to be their primary residence. "We've been w...

Many homeowners have found that a reverse mortgage is a great way for them to take advantage of the equity they have built up in their homes. A reverse mortgage is different than a traditional mortgage. With a traditional mortgage you make monthly mortgage payments, but with a reverse mortgage t...

Eight Quick Credit Tips to Combat the Credit Crunch •1.      Apply for business credit cards Most people don't realize that over 90% of business credit cards do not get reported to personal credit reports. If they are not reported, they are not scored, period.  Many people run their businesses fr...