California Jobless Entitled to Mortgage Assistance

Jobless Entitled To Federal Mortgage Benefits Califoria received $2 Billion from the federal government’s Hardest Hit Program whih can pay upto 9 months of mortgage payments for the unemployed. From this came the California Keep Your Home Program. While the program has been in effective for a year bureaucratic red tape prevented the jobless from … [Read more...]

Builders and Some Bankers Offering Free Job Loss Insurance To Long Beach CA Borrowers

No Job No Worry

Builders and Banks Offer Free Job-Loss Insurance To Buyers Insurance programs offering to make a borrower’s payments for up to 6 months upon job loss are available to buyers for a one to two year period after they buy their homes. Builders are offering it to new buyers as are sine if the largest banks. The best of these is many builders and … [Read more...]

How New Debts Can Affect Your Mortgage Terms

New Debts Can Affect Your Mortgage Terms Fannie and Freddie (feel like I know them on first name terms) have recently strengthened their requirements for credit transparency. These guidelines can affect the terms of the mortgage you ultimately get. First, they are now requiring lenders to not only check your current credit report. They are … [Read more...]

Loan Modification Programs For Struggling Long Beach CA Homeowners

Search For Long Beach CA Properties Here The List Buy Save Home Marketing Program Help For Struggling Home Owners HARP, HAMP, 2MP – What Are They? More than half the homeowners that need help managing their home loans don’t know that the government has programs available to help them.  Because of this, I am writing a brief summary of … [Read more...]

Builders and Banks Offer Free Job-Loss Insurance To Long Beach CA Buyers

Search For Long Beach CA Properties Here Builders and Banks Offer Free Job-Loss Insurance To Long Beach CA Buyers Insurance programs offering to make a borrower’s payments for up to 6 months upon job loss are available to buyers for a one to two year period after they buy their homes. Builders are offering it to new buyers as are sine if the … [Read more...]

Avoid Mortgage Payment Scam

Avoid The Mortgage Payment Scam in Long Beach An old scam is back again and you could be out one or two mortgage payments before you realize it.  One day you get a letter at your Long Beach CA home from a company that says they have taken over servicing your loan. They then instruct you to send your check to them from now on.  Dutifully you do … [Read more...]

What Are The First Steps To Buying A Long Beach CA Home

Question: What is The First Step in Buying A Home. Down Payment Is From Retirement Funds.  Search For Long Beach CA Properties Here Answer: Step 1 Getting The Money To Buy A Home in Long Beach, CA The first step in buying a Long Beach CA home is to find how much of a home you can afford. This is done by looking at your finances and … [Read more...]

Financing A Long Beach CA Rehab Property Purchase With A FHA 203k Loan

Financing a Rehab Property  Purchase in Long Beach CA Search For Long Beach CA Properties Here When buying a rehab property in Long Beach CA  a  major concern is where is the money to rehab the property coming from? Conventional mortgages only lend on the as is value of the property.  If you don’t have the money you then need to get a … [Read more...]

Long Beach CA: First Time Home Buyers Assistance

12 Hellman St

Search For Long Beach CA Properties Here Long Beach CA NSP2 First Time Home Buyers  Assistance And the NSP2 Neighborhood Stabilization Program By Fred Sweezer Sr., Home Inspector,  562-234-2689 As a Long Beach CA  first-time homebuyer,  you may qualify for a second silent mortgage loan of up to $97,000 through NSP2. The program is … [Read more...]

Our Long Beach CA Home is Going Into Foreclosure. Can We Get a Mortgage?

  Question: Unfortunately, my wife lost her job, our Long Beach, CA house is going to foreclosure. Can we get a new mortgage loan if we have 70% for down payment? We couldn't make payments on my income alone.We tried a short sale-no buyers. I know most banks won't want to give us a loan anytime soon. What if we have a down payment of … [Read more...]

Long Beach CA: New Credit and Your Mortgage Terms

Mortgage Rates and Credit Checks

Before you searched for you look for you for Long Beach CA home you were likely pre-approved by a lender. Then after you found the home you sent them the address and the contract to purchase. From here everything should be routine. Right? Not necessarily. Fannie Mae and Freddie Mac have recently strengthened their requirements for credit … [Read more...]