Greg Cowart on Zillow
Greg Cowart - Mortgage Broker or Lender at The Securus Group
Greg Cowart - Roseville Loan Guy

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Free or “No Cost” Refinance? Do they exist?

If you’re like me you can’t go anywhere without hearing ads for FREE and so-called “No Cost” refis. If only it were that easy. The truth is, there is no such thing as a no cost refinance. The lender is simply taking a higher rebate from the bank and applying it to your […]

Homepath Incentives, AGAIN!

Fannie Mae is offering buyers up to 3.5% in closing cost assistance on HomePath┬« properties. HomePath homes are REO’s that have already been taken back by Fannie Mae and put on the market at a certain price as HomePath eligible. I did a complete breakdown of the HomePath on a previous post but here is […]

“Walking away” from your mortgage? Maybe think twice…

With so many homeowners underwater I hear daily about people “walking away” from their homes, as if it was such an easy decision to make. Maybe it is? With it becoming so commonplace these days maybe it is an easy decision to walk away from your home and mortgage when you owe more […]

Foreclosure vs Short-sale… Are you being fed bad information???

A lot people call me each month to let me know that a short sale is much better on your credit than a foreclosure and that it will not delay buying another home. While it is true that a short sale can be a little easier on your credit score, it will be treated the […]

Fannie Mae Announces Plans For New Foreclosure Program To Help First Time Buyers Compete With Investors!

Mortgage giant and GSE (Government Sponsored Entity) Fannie Mae recently announced plans for a new program that will allow “regular” homebuyers to compete with all the cash investors out there currently buying a lot of the most affordable real estate in the Sacramento market. The new program, named “First Look”, makes it so that only […]

Great news (for sellers, notice to get off the fence to buyers!!!!)

Doom and gloom no more Sacramento homeowners, for the first time in almost three years home prices in the Sacramento area (Sacramento & Placer Counties) are on the rise. Now, this isn’t to say things will get crazy again like earlier in the decade but it is giving us a really good idea that the […]

Rates, rates, rates…

Well, the storm has passed. The low 5’s are gone. Just as I warned last week, get on now or miss the buss entirely! We had a about a week to lock them in, most people that missed the mid-high 4’s while waiting for the mythical 4.5% monster decided to lock in with the best […]

FHA; still here (and often the best option) after all these years…

Why do we care in Roseville or Sacramento about FHA mortgages?

The FHA (Federal Housing Administration) began in 1934 in an effort to encourage home ownership despite the difficult economic times of the era. This program enables consumers who may not qualify for a standard loan to obtain the financing they need to purchase a […]

Rates! Sacramento & Roseville rates are back to the low 5’s!!!

For the most qualified borrowers rates are back to the low 5’s, even to 5% with a slight discount fee. We don’t know how long they will stay here though, so take advantage while you can.

On another note my last post to Rosevilleloanexpert.com has received a lot of attention. I had no idea so […]

The Credit Card Holders Bill Of Rights…

H.R. 627: , The Credit Card Accountability Responsibility & Disclosure Act of 2009. A new law to stop many of the predatory practices of the credit card industry, strongly supported on both sides of the aisle and signed about six weeks ago by president Obama, imposes stricter rules on interest rate and fee changes. Some […]