Rick Costa Mortgage Loans -Ukiah, CA.

Late last week, H.U.D.  unveiled a new set of guidelines under the FHA loan program for  borrowers adversely impacted by economic downturn of the last five years. The "Back To Work" program is geared towards borrowers who can substantiate that,  their inability to make their  mortgage payments, ...

Then number of home sales in California for the month of July,  surged 17% over June with 48,000+ existing homes changing hands. The July sales figure were the highest for any July since 66,929 homes sold in July 2005! The median price paid for a home in California in July was $363,000, 3.1 perc...

Interesting statistics put out by C.A.R. (California Association of Realtors) yeterday about home affordability. With the rising prices of real estate we have hit a five year low! I have seen that in my market area of #Ukiah, #Willits and #Mendocino County, that many people are already priced ou...

According to a survye of 100+ real estate experts, economist, etc., done by Pulsenomics,  real estate price appreciation will be 6.7% for 2013. Thereafter, appreciation levels will be at more of a subdued 4.7%. They are also expecting that cumulative appreciation will be 23.7% by year end 2017. ...

This morning a new report indicated that new home sales are up 14%. The key word there is "new". Could the new home sales be taking away the home buyer from the existing home sales? In the market area's i service which is #Ukiah and #Willits in #Mendocino county, #CA. this summers sales seem to b...

Great to hear that delinquent loans fell to a five year low in the second quarter of 2013 (reported by the Mortgage Bankers Association). However, FHA loans increased. Why is this a big deal? The US Government doesnt want to be in an insurer of conventional loans as mentioned this week with the p...

Are prices beginning to stablalize and property sales starting to slow? Are borrowers quiet? Is it just summer? Some of the markets I do business in are starting to report that maybe things are beginning to slow. I think this is a great thing as nothing would be better than a market that doesnt f...