Joseph & Cheryl Melendez's (melendezteam) Blog

   News out of the government seems to indicate that they will be extending the temporary loan limits for conventional and FHA loans through 2010.  This is great news as right now there are very few investors buying loans over the conforming loan limit of $417,000.  As I mentioned the other day i...

 The word is the Senate could vote on the extension of the $8,000 tax credit as early as today.  There is lots of debate going on with some people feeling it should not be extended while others feel it should be extended and possibly expanded to offer tax credits to anyone buying a home or proper...

Here are some ideas I think will help you with setting goals for 2010: 1) Your goals must be your own. They cannot be dictated by your spouse, your broker or any other individual.2) Goals must be ambitious yet attainable. The key is to set goals that are realistic yet challenging. 3) Goals must b...

   These has been lots of talk and press yesterday and today about our famous Governor signing a package of mortgage related bills into law.  Some of the key components to these laws is pro­hibiting loan officers from "steering" people into higher priced loan program (the higher priced or sub-pri...

This one of the funnest video's I have ever seen.  http://www.youtube.com/watch?v=SM7oWKgCVo4

    As we all know, the underwriting process is very tough right now.  Source of funds and build­ing permits are two areas to be aware of.  Over the last couple of weeks lenders have become increasingly picky about "sourcing' any and all monies deposited into escrow or the buyers bank accounts.  ...