Inland Empire Direct Mortgage Lender | FHA VA USDA HARP 2 Home Loans

Temecula First Time Home Buyer Assistance Programs

Brad Yzermans — Wed, 01 May 2013 19:37:07 +0000

Temecula First Time Home Buyer (FTHB) assistance loan programs do exist and funds are still available for home buyers in the city of Temecula, CA and surrounding communities. In fact, if you meet the minimum credit score requirement, and your qualifying income doesn’t exceed the income limit, some home buyer assistance programs DON’T even require [...]

PMI Private Mortgage Insurance: Frequently Asked Questions & Answers

Brad Yzermans — Wed, 24 Apr 2013 20:22:02 +0000

Private Mortgage Insurance (PMI) is often stigmatized and perceived as a bad thing when comes to buying or refinancing a home. This may be due to the misconceptions and/or general lack of understanding about what PMI is, how it works, and lack of awareness about the benefits of using PMI to finance a home. Home [...]

How To Buy A Home In California [infographic]

Brad Yzermans — Tue, 23 Apr 2013 22:17:41 +0000

Below is an infographic that provides a clear visual about buying a home in California. The next step is to find out: How Much you qualify for (determined by your debt-to-income ratio) How much qualifying income you have What credit score is needed (and what your mortgage credit score is) What to expect for in [...]

FHA is Increasing Down Payment, Fees, and Changing Qualifying Guidelines Again

Brad Yzermans — Mon, 28 Jan 2013 21:42:32 +0000

FHA issued this press release and mortgagee letter announcing they may increase the FHA minimum down payment requirement on jumbo loans, increasing the annual (monthly paid) FHA mortgage insurance premium (MIP), changing qualifying guidelines to reduce how much a borrower qualifies for, and making the annual MIP FHA mortgage insurance premium PERMANENT for most borrowers. [...]

Eight Ways to Use Your Tax Refund When Buying a Home in California

Brad Yzermans — Wed, 16 Jan 2013 20:16:16 +0000

If planning to buy a home in California, you should consider these eight ways of how to use of your tax refund before blowing that money at the casino. FACT: Using your IRS tax refund for a down payment on a home or to pay closing costs is allowable and an acceptable source of funds [...]

Delayed Financing Cash-Out Refi for Investment Home Buyers

Brad Yzermans — Thu, 10 Jan 2013 07:52:04 +0000

The Delayed Financing cash-out refinance program, often called the ‘Buy & Refi’ loan, was created for real estate investors who purchase homes with all cash and grants them an exception to qualify for a cash-out refinance just one day after buying the home. Fannie Mae’s Delayed Financing program will help cash buyers avoid waiting the [...]

Taxpayer Relief Act of 2012 Extends the Mortgage Debt Forgivness Act

Brad Yzermans — Wed, 02 Jan 2013 16:56:24 +0000

Congress finally passed the American Taxpayer Relief Act of 2012 that extends the Mortgage Forgiveness Debt Relief Act of 2007 to December 31, 2013. The Mortgage Forgiveness Debt Relief Act exempts people from paying taxes on certain types of mortgage loan debt that was canceled or forgiven by their lender as a result of a [...]

2013 FHA-VA Conforming Jumbo Loan Limits Riverside County, CA

Brad Yzermans — Sun, 23 Dec 2012 00:15:43 +0000

The 2013 FHA, VA, and conventional conforming and jumbo loan limits in Riverside County remain unchanged from the previous year. Few people realize it’s possible to qualify for conventional financing with as little as 3% to 5% down payment, have no monthly paid PMI, and have a much lower payment than FHA financing provides. The [...]

California VA County Loan Limits for 2013 (Updated)

Brad Yzermans — Tue, 11 Dec 2012 02:19:31 +0000

The California VA county loan limit for 2013 has been published and the maximum VA loan limit in all California ‘high-cost’ counties has been reduced slightly. The updated 2013 VA loan limit in California’s high cost counties still provides financing up to $987,500 with $0 down payment, assuming the veteran has the required eligibility and [...]

Certified Lender VA Military Home Buyer Housing Specialist

Brad Yzermans — Tue, 20 Nov 2012 20:18:21 +0000

I am proud to announce having received the USA Cares prestigious California VA Certified Military Home Buyer Housing Specialist (CMHS) designation. The Certified Home Buyer Military Housing Specialist is a national certification given to Mortgage Lenders / Real Estate professionals who complete and pass the education requirements needed to best understand the uniqueness of lending [...]