Mortgage Guidelines

March 29, 2018

Buyer Real Estate Market Frustration and How to Get Your Offer Accepted! [VIDEO]

The plan WAS to discuss the new tax laws taking effect, but went off on a severe tangent. We vent some frustration at buyers having significant difficulty getting their offers accepted. However, we discuss several different ways to help ensure that you DO get your offer ACCEPTED.

Maureen Torretto, Loan ...

View More
Jan. 23, 2018

Home Purchasing Power: The Trend is NOT your Friend!

Much has been said about the rising prices of real estate in the Bay Area. But this is only half of the story.

Here's the other half:Home Purchase Power - How Much House at $2,500 a month

This chart is quite a bit different from your typical 'interest rate' graph.

The key idea behind this chart, is to keep ...

View More
April 13, 2017

Home Mortgages: The Ups and Downs

The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have ...

View More
Oct. 16, 2015

Buying a Home? New Rules You Need to Know!

[vsw id="3i6F-BCmlas" source="youtube" width="640" height="400" autoplay="no"]

Michael Koenig and Maureen Torretto discuss some new changes to real estate finance law. These new closing rules take effect October 3, 2015.

TRID is the New TILA RESPA Integrated Disclosures. The Loan Estimate replaces the initial Truth-in-Lending disclosure ...

View More
Nov. 16, 2011

Additional HARP Guidance For Underwater Homeowners

Making Home Affordabie

Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government's revamped HARP program, kick-starting a potential refinance frenzy across California and nationwide.

HARP stands for Home Affordable Refinance Program. The updated program is meant to give "underwater homeowners" an opportunity to refinance at today's low mortgage ...

View More
Nov. 10, 2011

Want to Buy a Home? Good Luck Getting a Loan.

Mortgage guidelines get tougher

As part of its quarterly survey to member banks nationwide, the Federal Reserve asked senior loan officers whether last quarter's "prime" residential mortgage guidelines have tightened, loosened, or remained as-is.

A "prime" borrower is defined as one with a well-documented, high-performance credit history; with low debt-to-income ratios; and who ...

View More
Oct. 25, 2011

Revamped HARP Program For Underwater Homeowners

Are you an Underwater Homeowner? Read on to see if you qualify; it just may be the avenue of relief you've been waiting for.

Obama announced the new Mortgage Relief Refinance Plan yesterday, and it's making quite a stir in the industry.

The Federal Home Finance Agency announced ...

View More
Oct. 4, 2011

Conforming Loan Limits Drop In High-Cost Areas

Conforming Loan Limits lowered in 2011

For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent.

Effective October 1, 2011, the temporary mortgage loan limits that allowed for non-jumbo loan sizes of up to $729,750 are no longer.

$729,750 is above the "normal" loan limit ...

View More