Arji Rashidi's (arjitypeii) Blog

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Real Estate Agent - Global Reach Realty
RECENT BLOG POSTS
A few weeks ago I wrote a post of Changes to FHA with their MI (mortgage insurance) rates.  These changes will now officially take place after Sept 7, 2010.  Taken from my post on FHA changes:"Congress just passed a new bill allowing FHA to increase their monthly mortgage insurance (MI) rate for ...
08/09/2010
I recently blogged about some changes FHA was making, how they are making some areas tougher for the home owner.  With these changes however, FHA still offers what no one else does when it comes to being able to purchase a home:-Low down payments - you only need a 3.5% down payment-Mortgage Insur...
07/29/2010
The San Diego Housing Commission has many great programs available for homebuyer's in San Diego.   One of these great programs is the Closing Cost Assistance Grant Program.  This is a recoverable grant  offered to help pay the homebuyer's closing costs not paid through concessions or other subsid...
07/27/2010
Heard of the San Diego Housing Commission MCC Program?   This program is designed to help homeowners to more easily afford their mortgage with the assistance of government tax credits.  Through this program you will become entitled to take a federal income tax credit equal to either 15% or 20% of...
07/21/2010
HUD just released a few new changes to the FHA program.  They are as follows:- They have reduced the seller allowable concessions from 6% to 3%.  FHA has said that allowing sellers to contribute 6% creates more risk to FHA in that it brings up the cost of the home above appraised value which ther...
07/19/2010
With the market still slowly recovering, a great opportunity is presented to those that are in a position to be able to purchase a home.  Interest rates are below 5%, whereas before the recession  they were close to 10%.   As our economy continues to become stronger interest rates are going to be...
07/07/2010
The Governments $8,000 first time home buyer tax credit that was due to end June 30th has just been extended to Sept 30th.This Tax Credit applies to first time home buyers and is a credit of up to $8,000!   This tax credit along with low market values creates the perfect opportunity for you to lo...
07/01/2010
Congress just passed a new bill allowing FHA to increase their monthly mortgage insurance (MI) rate for new home buyers on all FHA Loans.  The previous MI rate depending on your monthly mortgage insurance premium was either .5% or .55% which has now been raised to 1.5%    Although FHA says that t...
06/23/2010
The Nationwide Mortgage Licencing System (NMLS)  is currently trying to determine whether mortgage institutions should be audited annually or quarterly in the look out for fraud. While it is a good idea to be looking for accountability, it seems as though these small institutions are being held ...
05/13/2010
  This is February's Case-Shiller Index released by Standards and Poors - A home price tracker for select metropolitan areas.    Out of all 20 city's, San Diego was the only one to have even a slight increase. The other 19 city's averaged a 1.23% decline.   Cont.. Continue Reading article and se...
05/05/2010
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Arji Rashidi

Arji Rashidi
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