It’s been 11 years since the housing market collapsed in 2008 and stricter mortgage regulations went into place. Since then, the market has certainly changed with home prices continuing to rise year after year and mortgage rates staying reasonable. Mortgage regulations have also softened and more loan options have been Continue Reading →
Legal cannabis is a multi-billion dollar industry and it is only growing here in California with collectives and dispensaries everywhere you look. Unfortunately, many people working in the marijuana field have had trouble getting approved for home loans. Many lenders are still hesitant to offer financing. In many ways, it Continue Reading →
The Fair Isaac Corporation (better known as FICO) recently introduced its new credit score model, and obviously it’s attracting a lot of attention from mortgage industry experts. Only time will tell if this new model will revolutionize the lending industry or if it will fail. UltraFICO They’re calling it UltraFICO. Continue Reading →
A HomeReady mortgage is a specific type of home loan offered by Fannie Mae. They are designed to help low- and moderate-income borrowers who are looking to buy a home or refinance their current loans. The primary advantages are lower down payments and reduced private mortgage insurance (PMI) requirements. They Continue Reading →
HAVE YOU EXPERIENCED A DEROGATORY CREDIT EVENT, BUT ARE READY TO BUY A HOME AGAIN? HERE ARE THE GUIDELINES YOU NEED TO KNOW. If you are ready to buy a home again, but are concerned about your past credit issues, there are some things that you need to know about. Continue Reading →
