Blog Archives

loan limit decrease UPDATE

Posted on September 8, 2011 by John King — No Comments ↓

Are loan limits going to decrease on October 1, or has it already happened??? As announced previously, FHA and Conventional loan limits will be decreasing as of October 1. Those changes were interpreted by the mortgage origination market as…

FHA lending limits

Posted on September 8, 2011 by John King — No Comments ↓

FHA limits were subject to the same “temporary” increases that impacted conventional loans, but the floor on FHA loans is much lower than the floor on conventional loans. Therefore with the removal of the temporary loan limits, FHA loan limits…

Posted in Loan Guidelines, The Homebuying process, The Refinancing process

Conventional Loan Limits

Posted on September 8, 2011 by John King — No Comments ↓

How to determine Conventional loan limits The FHFA determines the loan limits for conventional loans that are secured using Fannie Mae and Freddie Mac. This list is updated each year around mid November with the loan limits for the coming…

Posted in Loan Guidelines

Zero Down

Posted on August 31, 2011 by John King

Posted in Craigslist

Purchase and renovate steps

Posted on August 31, 2011 by John King — No Comments ↓

Step # Description Responsible person 1 Locate a property and write an offer (ask for 45 day escrow) Buyer / Agent 2 Once offer is accepted, meet with the KING TEAM right away(to discuss the process and update income and…

Posted in The Homebuying process

August 8 Market update

Posted on August 8, 2011 by John King — No Comments ↓

What is happening in the market today, and how does it impact mortgages? On Friday S&P downgraded US Government debt Treasuries have typically been considered the most stable investment The downgrade means that treasuries are not as secure as…

Posted in The Homebuying process, The Refinancing process, Uncategorized

FHA upcoming changes

Posted on June 29, 2011 by John King — No Comments ↓

Changes, they are a cummin! There are 2 major areas that are subject to changes in the next 6 months, and you need to be aware of these dates so that as a buyer or seller you are not stuck…

Tagged with: 90 day flip rule, FHA, Flip, HUD
Posted in Loan Guidelines, The Homebuying process

Affordable NEW homes in Lodi

Posted on June 20, 2011 by John King — No Comments ↓

There are 4 properties that are newly constructed (never lived in) and have built in financing specials allowing people to purchase with as little as 1-2% out of pocket.

Tagged with: DAP, Down Payment Assistance Programs, First time homebuyer
Posted in The Homebuying process

Homebuyer Education

Posted on June 20, 2011 by John King — No Comments ↓

Certain loan programs (typically DOWN PAYMENT ASSISTANCE PROGRAMS) require homebuyer education in order to get access to the assistance funds. Even if you are not utilizing these funds, many first time buyers find it helpful to go thru these…

Tagged with: counseling, credit counseling, DAP, Down Payment Assistance Programs, First time homebuyer
Posted in The Homebuying process

Should I refinance?

Posted on June 5, 2011 by John King — No Comments ↓

The question of should you refinance is a tough one as there are both short and long-term financial implications of refinancing. Sometimes the decision to refinance is clearly a good idea when viewed thru both of these lenses… and sometimes it…

Tagged with: cash out, cash out refinance, debt consolidation, rate and term reductions, rate reduction, refinance, refinancing, term reduction
Posted in The Refinancing process