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FHA Denying Support for DACA Mortgage Borrowers

What is DACA Deferred Action for Childhood Arrivals (Dreamers) An American immigration policy that allows some individuals with "unlawful" presence in the United States after being brought to the country as children receive a renewable 2 year period of deferred action from deportation and become eligible for a work permit in the U.S. What is […]

Your Purchasing Power

Who’s your favorite X-Men character? Wolverine? Storm? Professor X? What makes that character your favorite? For some people it’s the character’s courage, or perhaps their good looks, or their intelligence. My favorite mutant character is Mystique and what makes her my favorite is her superpower. Mystique is a shape shifter, meaning she can change her […]

Gifting Down Payments

Receiving & using a cash gift is one of the most common processes when purchasing a new home. Most forms of cash gifts are used for the 20% down payment. We've provided a brief breakdown of the process and how to ensure you're not denied from your lender due to in proper gifting. Down Payments […]

We've Got You Covered

Mortgage & Homebuyer Concerns House Prices Are The Culprit Who would have guessed we would be back to the similar movie The Day After Tomorrow? All areas of the housing market are bracing themselves. More then half of the industry are saying the rising of interest rates have been their biggest hurdle since the World […]

What's Affecting The Mortgage Rates Today

Conventional rates today fell considerably today but, do you know what does effect the rates to rise and fall as they do? The most crucial clues offset each other — Return of investment (Treasury Yield) on the government's debt obligation rose while oil prices fell. Shown below are some factors you might want to consider: […]

Saving Money Never Goes Out Of Style

California regulators approve plan to mandate solar panels on new home construction! California regulators Wednesday approved a historic plan to mandate rooftop solar panels on most new single-family homes built in the state. The California Energy Commission's action is expected to add on average about $9,500 to the cost of building new houses. The solar mandate, which […]

Vital Aspects Of Your Credit Health

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with stable income? What is the borrower's credit score? It's important to understand what affects your score and […]

Moving Across America

Moving Across America If you’ve ever wondered what areas people are moving out of and moving into, we have the list right here. Idaho held on to the top spot for people moving in following Washington and none other than yours truly, Nevada coming in at #3. Here’s the full list: MOVING IN MOVING OUT […]

Shaping the Mortgage Industry in 2018

The Diverging Market What Will the Mortgage Industry See?   Origination: Lending outside qualified mortgage rule may help lenders replace lost home refinances Home purchase volume is expected to increase slightly but this trend will likely be prominent in 2018, as originators may continue to struggle to replace lost refinance volume and their compliance and risk […]

Conforming Loan Limits Increase for 2018

BREAKING NEWS! FHFA increases conforming loan limits for a 2nd straight year Loan limits to match rising home prices   On Tuesday, the Federal Housing Finance Agency (FHFA) that the maximum conforming loan limits for mortgage to be obtainedce in 2018. The 2018 maximum conforming loan limit for a one-unit property will be $453,100, an […]