The announcement that all mortgage brokers, realtors, and potential buyers have been fretting, occurred late last week.  The Fed announced that it will begin tapering its Bond purchase program by $10 billion per month.  And even though everyone was expecting it to happen at some point, it was a surprise that it happened in December […]

Hold the Presses!  The recent announcement of fee increases to loans purchased by Fannie Mae and Freddie Mac may not go into effect after all or at least will be delayed! This news came out late on Friday when Mel Watt, current U.S. Representative, who is scheduled to be sworn in as director of the […]

The Federal Housing Finance Agency (FHFA), which is a federal agency that regulates Fannie Mae and Freddie Mac and sets policy with regards to loans made by them, has been requiring Fannie and Freddie to implement gradual increases in fees.  This is being done to move their pricing closer to the level you would see if mortgage credit risk […]

HUD just announced last week the new FHA loan limits by county for 2014.  Home buyers in San Diego will be surprised by how much the loan limits were decreased.  San Diego experienced the largest decline of any Southern California County. You can see the current limits, new 2014 limits, and the amount of change […]

Once you have received a pre-approval from your San Diego Mortgage Broker, you might be wondering what happens next. The steps you follow afterward are fairly straightforward and I am going to walk you through the entire process from start to finish. If you haven’t already been pre-approved and are a looking for a San […]

For many consumers looking into getting a San Diego Home Loan, the biggest mystery is how their credit score is determined and what they can do to increase their scores. After all, credit scores can have the largest impact on what Mortgage Rate you can obtain.  It can also affect which Home Loan programs you can [...]

This last week, incoming Federal Reserve Chairwoman Janet Yellen, was on Capitol Hill for her confirmation hearing, as Fed Chairman Ben Bernanke is stepping down at the end of January. Her statements signaled that the Fed’s current Bond purchase program will continue, as the economy is still running below the Feds goals. This should be […]

Are you in the market to buy a million dollar plus home in San Diego, but don’t want to put 20% down in order to get your San Diego Jumbo Loan? Then, I have a solution for you! As a Mortgage Broker and Banker, I have access to a program that allows us to go to [...]

As a Mortgage Broker located in San Diego, I know how the recent recession and current economic stagnation caused a lot of people in San Diego to lose their homes. It cause many people to get caught and mired in extenuating financial difficulties. For many San Diegans, things have begun to improve. You might be recovering financially and […]