San Diego Loan Blog . Com

Tax Credit Extension for Military   Great news for those who deserve it -- the tax credit is extended.  U.S. taxpayers that have an accepted purchase contract in place before April 30th and close escrow by June 30th, 2010 for the purchase of a primary residence can qualify for the first time home...

Loan Officers getting paid without Qualifying for a Home Loan     Loan officers are now getting paid to actually qualify a home buyer for a home loan!!??!!?? Huh? Good news - GMAC has revised how loan officers get paid for qualified home buyers.  It’s important to remember that GMAC is Govt contr...

E. Hemet/San Jacinto - Approved Short Sale Overview Maps Photos Features Description Neighborhood Market Stats $109,000 Single Family HomeFor Sale Main Features 3 Bedrooms2 BathroomsInterior: 1250 sqft Location Pike Dr 774Hemet, CA 92544 Jennifer Palmer (760) 294-3320loansbyjennifer@cox.nethttp:...

Homeowner Assistance Programs – What’s Coming?   Homeowner assistance programs are landing like fallen asteroids all around us.  Last year the Home Affordable Refinance Program HARP and the Home Affordable Modification Program HAMP were created.  The latest one, the Home Affordable Foreclosure Al...

Home Loans and Mortgage Brokers in San Diego   Do you need a home loan in San Diego?  Your 2 basic options include calling a bank or credit union to obtain a home loan, or apply with a mortgage broker, an independent contractor who usually brokers the loan to a lender.     Why are mortgage broker...

Interest Rates for Investment Property in California   What are the interest rates to buy an investment property in California?  Since investment homes have contributed greatly to the short sale and foreclosure mess, lenders have tightened guidelines and increased interest rates to purchase inves...

Californians won the Home Buyer Tax Credit Lottery     Thank you Governor for signing the Home Buyer Tax Credit legislation for Californians.  $200 million is allotted for the tax credit.  $100 million to first time home buyers of existing, re-sale homes and $100 million for new construction home...

Refinance Your Mortgage, HARP Even Though Your Home Lost Value   Could the HARP (Home Affordable Refinance Program) help you refinance your mortgage?  Have you been hitting a brick wall with your lender to modify your loan?  The HAMP (Home Affordable Modification Program) in my opinion didn’t do ...

30 Years To Pay Off My Mortgage?   30 years is a loooong time to pay off my mortgage debt.  Can I do it sooner, without using all my disposable income each month?  If you want to pay off your mortgage sooner, here are a few options.   Table below based on a $350,000 loan 30 year loan at 5%, 15 ye...

Loan Modification Scams in California   Forensic loan audits are the new wave in loan modification scams in California.  These businesses and individuals are claiming to be able to provide a loan modifications, thereby avoiding foreclosure, and cunningly convince home owners to pay an up-front fe...