For 85 years, American families of modest means looked to FHA for affordable mortgage loans to attain the dream of home ownership. But these homeowners, many of whom are minority and first-time home buyers, now face a rude awakening. They will be saddled with years of excessive premium payments amounting to tens of thousands of dollars. The...
Your student loan debt is deferred, so out of sight, out of mind right? Wrong, especially if you’re looking to purchase or refinance a home. Many students and recent grads don’t know how student loan debt can affect them when it comes to making a major purchase. Sure, not having to make payments on a huge chunk of debt right away is...
Los hogares multigeneracionales en bienes raíces han estado teniendo una tendencia al alza, y esto continúa desde 2009. Las estadísticas demuestran que 1 de cada 5 estadounidenses vive en un hogar multigeneracional; es decir, una o más generaciones de adultos viven bajo un mismo techo, según datos recientes publicados por Pew Research...
Multigenerational homes in real estate has been a rising trend, and still continues to be, since 2009. A record 1 in 5 Americans live in a multigenerational household, meaning one or more adult generations under one roof, according to recent data published by Pew Research Center. In a time where adult children don’t fly the coop as fast...
Platinum Home Mortgage‘s CEO, William Giambrone, met with Congress for the 3rd time this year. Representing the Community Home Lenders Association, William’s goal is help support Congress and other federal agencies implement new strategies to make housing and the American Dream more affordable and accessible to all. Some of the topics...
The rising rents of Central Valley, California is old news, but the number of residents struggling to stay afloat with their rental payments is becoming a problem. An 8 year renter in Modesto was quoted in Local Fox News 40 and revealed what many others can relate to: “‘[w]e’ve been homeless and I don’t want to be homeless …...
When shopping for a home loan, buyers are usually focused on 2 things: what’s my rate going to be and how much is the mortgage insurance. However, in a lot of scenarios when qualifying for both FHA and Conventional, the real monthly payment can be close to the same. Then, what would you focus on next? The down payment, or more importantly, how...
Attention ⚠️ first-time, repeat buyers, and investors‼️ If you’re looking to purchase a condo, town home, or planned-unit development property and reap the benefits of low down payment requirements of FHA or VA loan options, did you check to see if the condo is approved? Many purchasers of these types of properties remain unaware of the...
With inventory low right now, what’s better? Buying a home you kind of like, or buying a home of your dreams? With a HomeStyle® (Fannie Mae) or 203k (FHA) renovation loan, it doesn’t matter if you purchase the mediocre property on the block, or in other words, like it a lot or a little. You can get a property in your price range...
Updated: 11/27/2018 Up until recently, home buyers looking to buy a home in more expensive areas were left in limbo. Here’s why: Lenders had tightened the requirements on jumbo loan options making it hard to qualify for, or they did not offer them at all. Other loan options (conforming and/or government) were also not ideal for their needs...
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