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CalSTRS 80/17 Video

CalSTRS 80/17 Video

by Scott Schang on July 26, 2010 · 0 comments

Program Summary: CalSTRS 80/17 is a special home purchase program available through the California State Teachers Retirement Program providing retirement related benefits to teachers in public schools and Community Colleges in the State of California.  Facts about CalSTRS: Largest U.S. Teachers Retirement Fund 2nd Largest U.S. Public Pension Fund CalSTRS assets stands at $138 Billion as of [...]

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Teacher Discount on Auto Insurance?

Teacher discount on auto insurance by John Hoefer July 20, 2010

Teacher discount on auto insurance? – Another reason it is great to be a teacher! Certainly, there are many rewards for those that choose teaching as an occupation…the ability to help nurture others and teach them valuable skills, the feeling of satisfaction in knowing your work will help to guide others through their life and [...]

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CalPERS home loan qualifies for FHA streamline refinance?

CalPERS members FHA streamline by Scott Schang July 19, 2010

Your CalPERS home loan qualifies for FHA streamline refinance if a FHA loan was used to purchase the home. FHA is the most common loan used for CalPERS members because it offers a low to no down payment option when used with the CalPERS down payment assistance program. If you bought a home over 6 [...]

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FHA Streamline refinance will reduce rate and payment and keep balance same?

FHA streamline refinance no appraisal required by Scott Schang July 14, 2010

FHA Streamline refinance program is available to homeowners that currently have an FHA loan on an owner occupied home. FHA Streamline refinance loans are much quicker and easier than a typical refinance due to the fact that there is no appraisal required and your loan balance will not go up. With interest rates lower than [...]

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FHA Streamline refinance Guidelines

FHA streamline refinance by Scott Schang July 14, 2010

FHA streamline refinance guidelines have permitted streamline refinances on insured mortgages since the early 1980′s. The “streamline” refers only to the amount of documentation and underwriting that needs to be performed by the lender, and does not mean that there are no costs involved in the transaction. The basic requirements of a FHA streamline refinance [...]

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Insurance requirements on condominiums when using an FHA home loan

Walls in insurance requirements with FHA condominiums by Mario Basura July 13, 2010

Insurance requirements on Condominiums is the next focus of my series on the FHA first time home buyer loan. This week, I will be taking a quick minute of your time to touch on something I find many home buyers and realtors are not aware of. As of December 7th, 2009 there is a new insurance [...]

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FHA flipping rule – First time home buyer loan from A to Z

fha flipping rule by Mario Basura July 1, 2010

Understanding the flipping rule can save you a lot of time and possible avoid frustration later down the road. In my last article, I talked about down payment, , upfront mortgage insurance premium, monthly mortgage insurance premium, and the easier qualifying guidelines of the FHA first time home buyers loan. Today we talk about one [...]

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