R. Ramirez's (wilshirefinancial) Blog

So on Wednesday, April 9, 2008, the article I was interviewed for on the new Mortgage financing products was published in the Los Angeles Times, Business section front page. Although, previously being contacted by Telemundo and Tribune, as an avid Los Angeles Times Reader, this one was close to ...

Commerce Department released estimates today for Sales of new homes in the United States which fell to a 13-year low in February. This trend has continued over the past four months for Sales and are off about 30% in the past year. This news was higher than projected by Economists which sent a ch...

I was recently told that a senior would love to downsize their current home and retire,  but when they saw how much the new taxes on the new smaller home would be, they put that plan to rest quickly. True, a new tax rate can be a hefty increased obligation,  especially if you have had a residence...

We live in interesting, interesting times… On Monday, January 21, 2007, there came a global stock sell-off fanned by increased fears of a recession. Confronted with these events The Federal Reserve cut a key interest rate by three-quarters of a percentage point on Tuesday, the biggest one-day mov...

In only the first 4 months of FHASecure, more than 40,000 households have refinanced under the new housing insurance program to protect their families' investment in the American Dream.  Announced by President Bush on August 31, 2007, along with HUD Secretary Jackson and Treasury Secretary Pauls...

FHA update... in the words of J.F.K., "Change is the law of life." Current FHA legislation is Gold wrapped in a bow for the real estate industry! Current FHA legislation is moving rapidly on Capitol Hill.  A House subcommittee last week unanimously approved a bipartisan FHA reform bill, the "Expa...

Installment sales benefit property buyers and sellers. Installment sales contracts are a creative way for buyers to purchase a home without having to qualify for a loan or to pay closing costs. The contract is made between the buyer and seller with the lender’s approval. As a Seller, your profit...

Recently, the foreclosure filings have increased dramatically. As this trend increases, so does the amount of investors looking to purchase a distressed property at a Bargain. Although, nothing is wrong with seeking out a deal, investors are cautioned to inform themselves of the applicable state ...

Planning to buy a home but not sure if you can get an affordable mortgage?Did you think with the recent subprime events, all the100% loan programs with low to no Minimum FICO requirements had become extinct? Well think again...    Recently, at a local mixer I met someone who was considering buyin...

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