Roseville Loan Expert

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 than your home [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 home without [...]

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 many [...]

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 of [...]

We’re back into the low 5 and even high 4% range today. Not the low-LOWS of earlier this year but close.
Who will take advantage of it? I know a lot of people that kept waiting and waiting for the mythical 4.5% creature to emerge but lost out on anything are thanking their lucky starts these [...]

What do you think when I say “CHDAP”? Probably nothing and that’s totally normal if you’re not in the mortgage business (might even be normal if you are in the business but don’t pay attention). CHDAP used to be a way to get low and no down-payment loans… A super low rate simple interest second [...]