Brad Yzermans's Blog

June 1st Tax Credit Down Payment Update: HUD/FHA just announced a major revision to using the $8,000 tax credit for use as a down paynt on an FHA loan.  To summariaze it for you, HUD said a home buyer can still use the $8,000 tax credit to apply towards a down payment, buy down the interest rate,...

HUD announced the 2009 FHA maximum home mortgage loan limits for Riverside, San Bernardino, San Diego, Orange, and LA Counties.  The increase, back up to the temporary 2008 loan limits, was a result of the American Recovery and Reinvestment Act of 2009 (ARRA) which was signed into law on February...

Without going into a 10 page detailed explanation of what drives mortgage rates upward let me just say that inflation is the number one influencer of mortgage rates to rise.  Can we agree on that?  We also need to understand that the government is already artificially reducing mortgage interest r...

  Well, it's done.....the govt. sweetend the incentive to purchase a home in 2009 for first time homebuyers........bummer for those who bought in 2008 and have to repay their $7,500 tax credit.....which really made it an interest free loan, right? Let me clarify what a tax credit actualy is....mo...

Good news for all of you current and future investors!  Friday, Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties.  The restriction reversa...

Hi, I just wanted everyone to know how much of our tax money our governement seems so willing to spend.  Most people don't realize how much $900 bilion dollars is.  Chew on this for a while. To spend $900 billion you would have to spend $1 million very day for more than 2,500 years!!!  I think ev...

Many homeowners are waiting to refinance eventhough interest rates dropped between the 4.5% to 5.0% range back in December/early January for a few weeks.  This generalization is for people with credit scores over 740 and below 80% LTV.....and of course, meet the DTI (debt-to-income) guidelines. W...

Guess what?  Congress is considering reinstating seller funded down payment assistance as a way to help reverse the housing crash.  (If you are a potential home buyer read through to the bottom of this article) H.R. 600 was introduced January 16th, 2009 by U.S. Rep Al Green, D-Houston, would rein...