Community Access Loan is FHA Mortgage Insurance Alternative

With FHA Mortgage Insurance costs increasing in 2013, home buyers are desperately seeking out alternatives to increase buying power and reduce mortgage payments. The Broadview Mortgage Community Access loan is that alternative.  This is a conventional loan program that does require private mortgage insurance (PMI) offered at a special discounted rate. The discounted PMI of the […]

Will FHA Streamlines Go Away in 2013?

Homeowners with a FHA insured mortgage may be eligible for a special refinance program that offers reduced cost, and reduced documentation refinancing options. The FHA streamline refinance program allows home owners to reduce their interest rate to current market rates if: At least 6 payments have been made on your current FHA mortgage No late […]

Keep the Mortgage Interest Deduction

Don’t Rock the Boat! Keep the Mortgage Interest Deduction Many REALTORS® have asked for information on the debate surrounding the mortgage interest deduction that they can share with family, friends and colleagues. REALTORS® and the public alike are urged to share the information in this email with as many people as possible.  Background Congress, as […]

Protecting Your Credit Score

U.S. Agency will now Help Protect Your Credit Large credit reporting agencies are now going to have to play within the rules. The Consumer Financial Protection Bureau will begin this fall to supervise the 30 largest credit reporting companies, including Experian, Equifax and TransUnion. What this means to you? Credit reporting agencies will have to report accurate information […]

Want to Purchase a Home After a Short Sale, Foreclosure or Bankruptcy?

What you need to know when buying a home after a short sale, foreclosure or bankruptcy. A common question sellers from a short sale, foreclosure or bankruptcy have now that they want to re-purchase a home today is, “How long must I wait before obtaining financing after short sale,  foreclose or bankruptcy?” An important step […]

Mortgage Rates Continue Inching To New All Time Lows

Mortgage Rates Continue Trickling Lower To New All Time Lows Tuesday, July 10, 2012 2:51 PM Mortgage Rates continued lower today, marking the third consecutive day at new all-time lows. Broader Bond Markets continued to benefit from a generally skeptical and negative outlook on the European debt crisis. That skepticism helped push the European currency […]

Mortgage Rates at Record Lows

EXTRA EXTRA – Mortgage Rates at Record Lows  for Friday July 6th, 2012 Record-low mortgage rates stuck around for another week, allowing home buyers and homeowners looking to refinance to lock-in super low financing. Both the 30-year and 15-year fixed-rate mortgages matched their all-time lows. “Mortgage rates were virtually unchanged this week hovering at or […]

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 […]