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Military Basic Allowance for Housing Program
Finding a place to live can sometimes be a difficult task for uniformed military men -
Let’s Talk Mortgage Fraud
Recently I received a referral from a REALTOR partner, the client was looking to purchase
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Real Estate more »
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Rent or Buy A Home?
First time home buyers have a lot to consider this summer when making the decision -
Riverside County Homeowners Will Lower Property Tax Bills This Year
Half of Riverside County’s homeowners will see their property tax bills shrink this year as
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Hot Properties more »
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For Sale: Rancho Mirage Immaculate Pool Home $398,765
For Sale: Rancho Mirage Immaculate Pool Home Are you looking for an immaculate pool home in Rancho -
Bank Auction: Great Rancho Mirage Investment Opportunity
Bank Auction: Great Rancho Mirage Investment Opportunity This fixer is a great opportunity for the
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Short Sale & Foreclosure more »
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Will a Short Sale Save Your Credit?
Will a Short Sale Save Your Credit? Stuck in a house you can’t afford or -
Many Stay at Home for Free as Banks Defer Evictions
Many Stay at Home for Free as Banks Defer Evictions It’s been 16 months since
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City Highlights more »
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Palm Springs: Quiet Intimate Getaway The Pool House Palm Springs
Palm Springs: Quiet Intimate Getaway The Pool House Palm Springs Do you need some time -
Palm Springs: Blue Pear Texx Mexx Restaurant Review
Palm Springs: Blue Pear Texx Mexx Restaurant Review Definitely a fan – Nothing over $9.95
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Market Alert more »
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Market Snapshot Wednesday June 16, 2010
Market Snapshot Monday June 16, 2010 Treasuries and mortgages got a nice boost this morning -
Market Snapshot Monday June 14, 2010
Market Snapshot Monday June 14, 2010 The mortgage market started weaker this morning with the
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Other Recent Articles
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By Ed Brophy on Jul 14, 2010Jumbo Mortgage Rates Are Down
The average rate on a “jumbo” mortgage — a loan of more than $729,750 — has fallen nearly a point and a half in a year. It’s no surprise that the average 5.48 percent rate is prompting a wave of refinancings. According to the Mortgage Bankers Association, applications to refinance are now at a 13-month [...]
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By Ed Brophy on Jul 12, 2010No-Cost vs No-Cash Mortgage
Getting a no-cost mortgage can provide you with a big financial benefit as a potential homeowner. With most mortgages depending on the amount of the loan, you are going to have to pay somewhere between $4000 and $6000 in closing costs. Obtaining a new mortgage is typically a very expensive proposition. However, with the no-cost [...]
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By Ed Brophy on Jul 05, 2010Fannie Mae Changes Rules on Strategic Defualt
The good times are gone for residential mortgage defaulters in the U.S. Fannie Mae has just changed the rules of the game for people who walk from their home loans, better known as strategic loan defaults. The government-owned agency that backs up loans from lenders says it will lock out borrowers from getting a new [...]
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By Ed Brophy on Jul 01, 2010Seven Things You Should Know About FHA Loans
We have seen home buyer interest in FHA loans go from practically zero three years ago to upwards of 87 percent today. Despite this rapid rise in popularity, many buyers still do not fully understand the benefits of these loans, and we believe it’s time to change that. 1. FHA Loans Are Not Only For [...]
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By Ed Brophy on Jun 28, 2010Homeowners Likely to See an Increase in Monthly Mortgage Payments
Homeowners are likely to see an increase in their monthly mortgage payments if their current mortgage is insured by the Federal Housing Administration (FHA). FHA the primary source of mortgages for first-time homebuyers says it needs to increase fees to stabilize its finances which have been depleted due to the foreclosure crisis. FHA does not [...]
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By Ed Brophy on Jun 26, 2010Summer Remodeling Ideas
Summer Remodeling Ideas Other than vacations, summer is the time of the year most popular for home improvement. The long days and warm, sunny weather make a great time to work on repairs and renovations without much of the hassles and delays that rain and other elements bring. For this reason and more, a good [...]
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By Ed Brophy on Jun 25, 2010Five Features to Highlight When Marketing Your Home for Sale this Summer
Five Features to Highlight When Marketing Your Home for Sale this Summer According to a recent survey by ZipRealty, there are some fairly distinctive “must-haves” and “deal-breakers” for home buyers in the current market. For sellers trying to compete in this tough housing market, these findings can help emphasize some of the best features in [...]
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By Ed Brophy on Jun 24, 2010Credit Score Urban Legends Debunked
Credit Score Urban Legends Debunked When I get married, do my spouse and I get a joint credit score? If I get a raise at work, will my credit score go up? These are common questions asked every day by many Americans because credit scores are seemingly arbitrary numbersand credit reports are lengthy and unintelligible. [...]
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By Ed Brophy on Jun 23, 2010Rent or Buy A Home In 2010?
Rent or Buy A Home In 2010? First time home buyers have a lot to consider this summer when making the decision to rent or buy a home: interest rates are at all-time lows, there’s still plenty of housing stock and prices are at or near their lowest in years. Still, deciding whether to buy [...]
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By Ed Brophy on Jun 22, 2010NAR Grants Help Make Homeownership More Affordable for Working Families
NAR Grants Help Make Homeownership More Affordable for Working Families Despite today’s tight economy, many areas of the country have not seen a significant drop in their high cost of living. To help meet this critical need for more affordable housing for low- to moderate-income working families, the National Association of Realtors® has awarded more [...]
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By Ed Brophy on Jun 21, 2010Home Buying – Step by Step
Home Buying – Step by Step Interview and Select Your Mortgage Professional Interviewing and selecting your Mortgage Professional is the most important step when beginning your home buying process and should be your first step, even before selecting a Realtor. Your Mortgage Professional will carefully review your financial profile and assist in determining how much home [...]
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By Ed Brophy on Jun 20, 2010Coachella Valley Home Sales Rise
Coachella Valley Home Sales Rise The latest report from MDA DataQuick shows that home values and sales prices across the Coachella Valley have increased during April and May. This trend continues the consecutive six month increase we’ve seen in positives sales across the valley. The market turnaround is very good for buyers and sellers, said JoAnne [...]
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By Ed Brophy on Jun 19, 2010Special Provisions Allow Military Home Buyers to Capture Tax Credits
Military families seeking to buy a home can count on a little tax help. The Homebuyers Tax Credit, which provides eligible buyers with a tax credit of $8,000 for first time buyers and $6,500 for repeat home buyers, ended on April 30, 2010 for civilians. However, active duty military or those on extended overseas duty [...]
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By Ed Brophy on Jun 18, 2010Luxury Homes Languish as Wall Street Pinches Wealthy
Luxury Homes Languish as Wall Street Pinches Wealthy Looking for a bargain? Actor Eddie Murphy’s 30-room Englewood, N.J., mansion, which went on the market in 2004 for $30 million, can be yours for $12.75 million. And hip-hop entrepreneur Russell Simmons’ 35,000-square-foot mansion in Saddle River, N.J., — offered for $23.9 million in 2007 — is [...]
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By Ed Brophy on Jun 17, 2010Mortgage Fraud Crackdown, 485 Arrested
If you follow me over on Facebook you’ve probably already seen this: Interesting fact: Out of 188,333 Mortgage Originators across the country only 11,667 Mortgage Professionals are licensed. If you’re in the market for a home mortgage it’s in your best interest to ensure you’re working with a licensed professional! Today’s announcement that U.S. authorities [...]
