Mortgages

NEW FHA GUIDELINES | See the major changes that can affect your purchase loan

New FHA Guidelines On September 14 FHA issued a new handbook for FHA mortgages. You can download the new guidelines here. Some of the major changes are listed here below: Tax Liens ( Improvement):  Tax liens may remain unpaid if the borrower has entered into a valid repayment agreement and has made at least 3 …

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Fannie Mae announces 97% LTV Options!

Fannie Mae announces 97% LTV Options For First-Time Home Buyers and Limited Cash-Out Refinance of Fannie Mae Loans   Only 1 buyer needs to be a first time homebuyer. Release of the program is December 13, 2014.   According to consumer research conducted by Fannie Mae, the primary barrier to homeownership for first-time home buyers is …

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New Rules for Qualified Mortgages Arrive

New rules for qualified mortgages took effect last week. Many lawmakers and mortgage industry leaders are showing concern that these rules could greatly restrict mortgage credit and negatively impact the housing recovery. These new rules for qualified mortgages are commonly referred to as QM rules. These are mortgages that meet the ability to repay rule …

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Reverse Mortgage | How will it affect me?

Reverse mortgage? How will it affect me? Those are the question that are unclear to many borrowers. There is a clear lack of understanding due to deceptive marketing practices. The Consumer Finance Protection Bureau has reported that there is confusion in the reverse mortgage market. Their report has identified mass confusion due to the following …

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FHA Back to Work Lending Program: Now you can buy a home 1 year after Short Sale

The FHA Back to Work Lending Program brings Good News for those who recently experienced a Short Sale, Foreclosure or Deed-in-Lieu on their home. The waiting period reduction affects people that lost their homes from either: Short Sales Foreclosure Bankruptcy Deed in Lieu of Foreclosure They used to have to wait several years before they …

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Learn about Buying a HUD Home at Chase Irvine Branch Aug 16

Learn about Buying a HUD Home at our next Quarterly Buyer Outreach Event. Buying a HUD Home Where: Chase Bank  Culver and Deerfield Branch 15275 Culver Dr. Irvine, CA 92604 When: Aug 16,  9:30am – 2pm PLEASE VISIT US! We will be at the bank speaking to attendees about HUD Home-buying opportunities! We offer “HUD Homebuyer Education” for buyers …

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Record Low interest Rates! Save Thousands – See How

With record low interest rates…now is the time to buy! Do not wait too long to buy a home as right now there are record low interest rates. you can save thousands on your payments over the course of the year. See how in the chart below: Record low interest rates not only will help …

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Chase Priority Partner Agent in Orange County | Chase Short Sales

Jesse Madison is an approved chase priority partner agent for the Chase Priority Partner Short Sales Program under way in Orange County, CA.  Chase Bank has developed a program with selected few real estate agents to expedite their short sale process. As part of this program, I have been assigned Priority Status on Chase Short Sales, Chase Purchases or other loan programs …

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