When Can You Buy a Home Again After Foreclosure

So your ready to buy again but you’ve had a foreclosure and you ask yourself these questions. How long do I have to wait? How do I qualify? What steps to I need to take to be eligible? Can I be a first time buyer again? What a difference a couple of years can make. […]

How Soon Can I Purchase After a Short Sale?

About Short Sales The facts about how long buyers must wait before obtaining financing. A common question home buyers have today is: How long must I wait before obtaining financing after a short sale? Below is an overview by loan type of this important information. It depends on the loan you want to get to […]

Do You Think It's Harder to Get a Home Loan?

Banks Tighten Standards For Real Estate Loans The preliminary results of C.A.R.’s June 2012 Broker Confidence Survey indicate that bank lending standards have not eased recently. When asked how underwriting standards in May compared to the prior six months, the majority of brokers indicated that access to credit was harder for clients (39 percent) or unchanged (44 percent); only 17 percent […]

Great News for FHA Loan Applicants; Ease of Credit Restrictions

FHA rescinds tough new credit restrictions on loan applicants The withdrawn policy change, which had been scheduled to take effect Sunday, would have affected borrowers with collections or disputed-bill accounts in their credit files. In a policy switch that could be important to thousands of applicants seeking low-down-payment home mortgages, the Federal Housing Administration has […]

A Couple Reasons Why Right Now You Must Buy a Home

In our rush rush liyestyle, it may be easy to lose perspective on the nature of the home buying market in North Orange County. But if you pay attention to daily headlines and hear financial news stories you may of heard that interest rates are at rock bottom record lows! As of 6/27/2012 mortgage interest […]