Greater Sacramento Mortgage News & Views

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Mortgage and Lending - WealthWise Mortgage Planning, a Division of American Pacific Mortgage Corporation NMLS #1850 - NMLS 244226
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RECENT BLOG POSTS
Today, Fannie Mae announced that they will be offering a $1,200 incentive to agents whose buyers close on a HomePath property by June 30, 2011 October 31, 2011 (deadline extended). Here at the details: -Offers must be submitted on or after Apri 11, 2011. -Requests for bonus must be with the initi...
04/11/2011
Beginning April 11, 2011, Fannie Mae is offering up to 3.5% in closing cost assistance on HomePath properties. Here is what you need to know: -The initial offer on a property must be submitted on or after April 11, and close by June 30, 2011 October 31, 2011 (deadline extended). -Available only t...
04/11/2011
Waiting to Buy a Home May Not $ave You Any $ Are you holding off on buying Sacramento real estate because you believe that property prices will continue to drop?  Think the payment will be lower the longer you wait? Let's look at an example.  While I can provide financing on homes throughout Cali...
02/05/2011
After a Divorce, You May Still Be on the Hook for a Mortgage I met a friend of mine for coffee recently and he told me he had signed a Quit Claim Deed, releasing his ownership of the house he and his now ex-wife had bought years earlier and in which she lives.  He added, "I can go buy another hou...
01/07/2011
"My FICO Score is Too Low for a Mortgage? Can I Use a Co-Signer?" Sometimes I will run credit on a Roseville mortgage applicant, their FICO score is too low for them to qualify for a mortgage.  When I deliver the bad news, the borrower will often ask if they could qualify by adding a co-signer.  ...
01/05/2011
Special program offered in California--first mortgage loan with a 3% down payment assistance grant for low- to moderate-income buyers!   Grant may not exceed 3% of the first mortgage loan amount Proceeds may be used for down payment and/or closing costs Mortgage loan types - FHA, VA and USDA Sell...
01/04/2011
How Much Down Payment Money Do I Need for a Mortgage? As a Sacramento mortgage broker, I get asked this question a lot during the prequalification process. First, what is a down payment?  It's a percentage of the purchase price which is paid at the time the home is purchased.  Here is a helpful l...
01/01/2011
How to Choose a Power of Attorney for Your Signing I recently had a Sacramento home purchase deal that was delayed by the lender's requirement for a second appraisal.  As we neared the close of escrow date, I got the following email from the buyers' agent: "Hey, Ed!  Are we going to close this b...
12/24/2010
The special home loan program available to members of the California Public Employees Retirement System (CalPERS) is no longer.  The official word is that the program was under-utilized and dealing with some defaults. I am not surprised, in spite of the fact that the program was a great benefit t...
12/14/2010
Back in the early 90s, I was a musician in a missionary group (which is sometimes called being a "musicianary").  My electric bass and I traveled throughout North America and all over the world. The region that impacted me the most was western Africa, in spite of the harsh traveling conditions. ...
12/02/2010
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