Mortgage news and helpful tips

The Federal Reserve Brings Good News for Interest Rate Decison

February 1st brings some good news already. The Federal reserve as expected has held the interest rates steady today as they begin to assess where our economy heading-but they hinted that the rates might stay low for a good while to come. The Fed’s decision today confirmed those expectations. “In view of realized and expected […]


FHA BRINGS IN THE NEW YEAR WITH MIP CUTS FOR BORROWERS! The Federal Housing Administration, also known as the FHA, has decided to bless borrowers this year by cutting mortgage insurance premiums. Who is the Federal Housing Administration? The Federal Housing Administration, simply called the FHA, is the government body that sets standards for the […]

Private Mortgage Insurance is Temporary. Here's Why.

Home buyers who can’t put at least twenty percent (20%) down usually have to carry private mortgage insurance, often an expensive proposition. One good thing about the insurance, though, is that it doesn’t last forever. Private mortgage insurance protects the lender in the event that a borrower stops making payments before building up much equity […]

2016 Maximum Conforming Loan Limits Established for Fannie Mae and Freddie Mac

Valley West Mortgage is licensed in California, Colorado, Idaho, Maryland, Nevada, New Mexico, Oregon, Utah, Virgina, and Washington. 2016 Maximum Conforming Loan Limits Established for Fannie Mae and Freddie Mac National Baseline Loan Limit Remains Unchanged; Limits Rise for 39 High-Cost Areas The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan […]

House Flipping and some details you need to know.

We can bet you’ve flipped a coin, but have you flipped a house? High priced homes are exactly what house flippers are looking for. Why? Because high priced homes turn out a more profitable result. Flipping houses is a trend that has recently re-started during the better parts of the housing bubble. A flip occurs […]

Round 6 - Operation KnockOut at Brooklyn Bowl

Tickets are now on sale for our annual charity event benefitting Randy Couture's GI Foundation at the Brooklyn Bowl’s box office, online at TUff-N-Uff Website or online at Brooklyn Bowl Website. Seating is limited, so get your tickets now! All proceeds go to local wounded soldiers and their families. There will be food, drinks, live […]

Social media credit approval is on the way

Social Media plays a huge part in our day to day activities. From staying connected with friends to finding an activity on a Saturday night. With the popularity of Facebook growing every single day, it's no surprise that the Social Media giant is finding new ways to monetize their site in order to generate an […]

Monthly Income reports determine we're not saving enough.

According to a survey conducted by Bankrate and an article on CNN Money, half of the American population currently saves less than five percent (5%) of their monthly income. It's estimated that eighteen percent (18%) of Americans save almost nothing from their monthly income. Scary right? What is the main cause of this problem and […]

Good Faith Estimate (GFE)

A Good Faith Estimate is an estimate of all of your closing costs when purchasing or refinancing a home loan. Your Good Faith Estimate (or GFE) will give you a ball park figure of what rate your loan will be locked at and a rough estimate of what your monthly payments will be. Federal regulations […]

Defaults on debt: Puerto Rico defaults for the first time in history.

According to an article posted on CNN Money, Puerto Rico defaulted on it's loan debt for the first time in the island's history. It is reported that this will not effect Wall Street. It will however, effect the residents of Puerto Rico. The Puerto Rican government was seeking concessions from its creditors, including deferring some […]

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