Gilda's Arizona Real Estate Lending Blog

Great news:  The Mortgage Insurance Tax-Deductibility Law has been Extended through 2011.   The law provides for an itemized deduction on federal tax returns for the cost of private mortgage insurance paid by eligible borrowers.  Prior to 2007, borrowers could not deduct the cost of their mortgag...

We all know that FHA has been a major player in the survival of real estate financing in the aftermath of the great mortgage meltdown.  With down payments and credit criteria more relaxed than conventional financing, FHA remains the only pathway for home ownership for many Americans. But, how hea...

I hired Joe Padilla owner of Acme Grill Cleaning today to clean my well used Gas Bar-B-Q Grill.  Living in Arizona, I use my outside grill as much as my indoor stove and oven.  The problem is, my grill does not have a self-clean mode!  In the past, I tackled this job myself.  About twice a year I...

Fannie Mae and Freddie Mac (the Agencys) are updating their LLPA Matrices again on Conventional 30-year fixed rate mortgages and this time even the highest FICO borrowers are going to pay. Loan Level Price Adjustments based upon Credit Score and LTV (Loan to Value) are nothing new since the Mortg...