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!
Well it's not as it seems just like all the ...
Pasadena, CA - If you currently have a home equity line of credit, don't be surprised if you hear from your banker. Banks are reassessing the value of ALL Pasadena and Los Angeles County homes that have a Home Equity Line of Credit, otherwise known as HELOCs.
With Los ...
Last week, I wrote a post about buy down loan programs. What they are and how these buy down loan programs can be advantageous for both Pasadena home sellers and Pasadena home buyers.
Today, I wanted to give you an idea of the types of temporary buy down loan programs ...
City of Pasadena has a great program assisting first time home buyers with down payment assistance. Herere the requirements:
Prospective applicants must be first-time homebuyers and qualify as Lower or Moderate Income:
| #Persons In Family | Lower Income | Moderate Income |
| 1 | $42,450 | $50,300 |
| 2 | $48,500 | $57,400 |
| 3 ... |
In my previous posts, I referred to Buydown Purchase Plans that Pasadena sellers should be aware of and use to help sell their Pasadena home in this changing real estate market.
Heres a primer on what a Buydown Purchase Plan is:
Buydown purchase plans or ˜buydowns are monetary subsidies given ...
The Fed has been working hard in trying to make homes, or at the very least home loans, more affordable to buyers. With the average home prices in Pasadena being around $787,000, the first mortgage loan limits of $417,000 forced many Pasadena California real estate buyers to get ...
