Author archive: dajackson

California Homebuyer Assistance

California Homebuyer Assistance can help you. Are you a first time home buyer in California? Do you have a limited income and fear you will never be able to own a home? Don’t give up just yet. California offers many assistance programs to low income and first time buyers. Below are resources you can use…

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Avoid Foreclosure

Is foreclosure sneaking up on you? Are you getting further behind in your mortgage payments? Is your lender trying to contact you about your options? The best thing to do in your situation is NOT ignore the situation. It will be very hard to reinstate your loan once you fall too far behind. You will…

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How Can A Reverse Mortgage Help?

A Reverse Mortgage may be right for you if you are looking for money to finance a home remodel, pay for health expenses or supplement your retirement and are 62 or older. A Reverse Mortage can be beneficial but it is very important to understand all the  rules and fees involved. In a Reverse Mortgage the lender…

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Making Home Affordable (MHA)

Making Home Affordable (MHA) is government strategy to help homeowners avoid foreclosure, improve the nation’s economy and stabilize the country’s housing market. Whatever life event that has put you at a disadvantage; divorce, job loss, medical expenses, etc. MHA can help you. Options include lowering your monthly payment and options to get you out of your…

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Disney Hiring More Veterans

“Heroes Work Here” is the Walt Disney Company’s hiring initiative to provide jobs to veterans who have served our country. Last year Disney promised to hire 1,000 military veterans within the next 3 years. However, to date they have already hired 1,300 and now plan to double their initial goal. Disney has aired public service…

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Improve Your Credit Score

Your credit score is a crucial piece to the puzzle when purchasing or refinancing a home mortgage. The lower the credit score, the less likely you will be able to get approved by a lender. Scores range from 300 to 800. There is tons of information on the internet explaining the scoring system. The basics are…

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Now that You Have Been Approved for a Mortgage, Don’t Blow it!

Qualifying for a home mortgage is tough business. First you have to prove you have a good, secure job or retirement funds that provide ample income to cover a monthly payment. Then comes documentation and more documentation showing tax returns, identification and banking information. Now that You Have Been Approved for a Mortgage, Don’t Blow…

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FHA Revised Mortgage Insurance Premium Cancellation Policy

Act Now! If you are planning to buy a house in 2013, you should consider doing it sooner than later. FHA is planning to change the terms associated to mortgage insurance premiums (MIP) this year. Since 2001, once your loan reaches 5 years / 78% LTV, MIP was dropped. This will no longer be the…

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2013 VA County Loan Limits For California

The Department of Veterans Affairs (VA) Loan Guaranty program does not set a maximum amount that an eligible veteran may borrow using a VA guaranteed loan. However, the following county “limits” must be used to calculate VA’s maximum guaranty amount for a particular county. These limits apply to all loans closed January 1, 2013 through…

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