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No-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 [...]

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 the region’s weak housing market continues to weigh down home values, county officials said today. How much is your property worth?  According to officials with the County Assessors office this reduction in property value affects nearly 400,000 people in the [...]

Fannie 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 [...]

Seven 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 [...]

Homeowners 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 [...]

Summer 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 [...]

Five 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 [...]

Credit 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. [...]

Rent 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 [...]

NAR 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 [...]