Mortgage Information

July 23, 2008

Pasadena Real Estate Blog welcomes Brian Brady

Pasadena Real Estate blog welcomes Brian Brady!

Pasadena Real Estate Blog is very excited to announce that Brian Brady is going to author weekly posts about mortgage rates and mortgage industry.

Brian is a 19 year veteran of the financial services industry. He started his career with Merrill Lynch, as ...

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July 15, 2008

Pasadena California: IndyMac Seizure - Is Your Money Safe?

In the wake of Pasadena California IndyMac bank being seized by Federal Regulators today, the question most of us are asking is how safe are our deposits whether we were banking with IndyMac, WAMU, Wachovia, Wells Fargo or any other bank?

A quick background for those of you that are ...

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June 11, 2008

Are FHA Rates the Same Across the Country?

One of my readers emailed me and posed this question about FHA loans today:

Is there a set rate for FHA home loans that's standard around the country?

For complete information about FHA loans and programs, I'd suggest visiting FHA's website at www.fha.com

I also ...

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June 4, 2008

First Time Home Buyer Programs Information Series

First time home buyer programs are so importnat that Pasadena Real Estate Blog welcomes our new guest writer - Sean Thomas Furlong of The OCD Group who specializes in first time home buyers. Sean is an expert when it comes to government assistance programs for first time buyers. He will be ...

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May 31, 2008

Pasadena CA Real Estate: Recurring and Non-Recurring Closing Costs

Pasadena home buyers asking home sellers to pay for some of their closing costs need to be very careful at how the California Purchase Contract is written.

There are two types of closing costs. They are Recurring and Non-Recurring costs.

Recurring Closing Costs are charges or fees which will occur ...

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May 24, 2008

FHA Advantages and Disadvantages

To continue with my series of FHA posts, today, we're going to look at advantages and disadvantages of getting an FHA loan.

ADVANTAGES:

  • LOW CASH OUTLAY - Pasadena buyers can get an FHA loan for as much as 97% of Pasadena home purchase price. Only 3% down, not a bad ...
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May 24, 2008

Pasadena California Sellers: What you NEED to know about FHA Loans Part II

Yesterday, I outlined FHA NON Allowable expenses for a seller to be aware of when considering an offer from a buyer using FHA financing.

READ MORE: What Pasadena Sellers need to know about FHA Loans - Part I

Today, I wanted to provide both the Pasadena sellers and Pasadena buyers with ...

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May 22, 2008

Pasadena California Sellers: What you NEED to know about FHA loans

FHA loans have been in the news recently due to the increase in the FHA mortgage limits, up to $729,750 for single family homes and the fact that buyers can get an FHA loan with a much smaller down payment - as low as 3% down.

READ MORE: Distressed markets ...

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May 20, 2008

When Opportunity Knocks, Are You Listening?

Or, are you just listening to the white noise?

As I was getting ready to go to work this morning, I overheard a news report that my husband was watching about the real estate market. What struck me as odd was not that it was yet another "chicken little" report ...

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May 17, 2008

Distressed Market and FNMA Announcement

FNMA announced today that it's raising its Loan to Value (LTV) limits. This means that home buyers can put a lot less money down to buy their dream home.

It all sounds great, right? Fabulous news!

NOT Really!

Well it's not as it seems just like all the ...

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