Did you know that there is a way to have the financial benefits of owning a second property while still having it considered “owner occupied?” It can be done if the house is lived in by your parents or a disabled child. Call it loophole or whatever you want, but 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 Federal Housing Finance Agency (FHFA) just announced that they will be raising the maximum conforming loan limits in 2019. This is a direct reflection of rising home prices, and it’s another way to help more home buyers qualify for loans. Throughout the country, this laregly affects buyers in the Continue Reading →
In an effort to improve the mortgage loan application process, Fannie Mae and Freddie Mac (under the direction of the Federal Housing Finance Agency (FHFA)) have significantly redesigned the standard home loan application form. This new form, known as the Uniform Residential Loan Application (URLA), will be adopted by lenders Continue Reading →
As of December 31, 2018, the Home Affordable Refinance Program (HARP) is being eliminated by Fannie Mae and Freddie Mac. This program was originally established to help homeowners who were struggling after the housing bubble burst in 2008. Since the economy (and especially the housing and lending markets) have recovered Continue Reading →
