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Ray Homebuyer Changes His Name to Ray Homeowner

A Few Kind Words from “Ray Homeowner” – Thanks a million and Congratulations on your new Home Ray!

UPDATE: This is a follow up to the original post “Ray Homebuyer Had to Change His Last Name“. I am excited to share this story of how the Little Guy stuck it to Big Bank.
Imagine your child finding [...]

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Brenda Borrower Gets Buffed By Big Bank

by Christopher "Doc" Apodaca February 5, 2010 Buyers Beware!

Let me preface this post with there is absolutely no talk about loan programs, interest rates, or market trends. This is a flat out rant about something that is all too common in my daily work life and I’m getting sick and tired of it…Big Bank Business. Here’s what happened…
Brenda Borrower called me asking what [...]

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Meet Ric Edelman – Financial Planning

by Scott Schang February 3, 2010 Financial Planning

Ric Edelman
Acclaimed Financial Advisor
Barron’s has six times (2004–2009) ranked Ric Edelman among America’s 100 top financial advisors. In 2009, Ric was ranked the #1independent financial advisor in the nation by Barron’s. In 2004, Ric was inducted into the Financial Advisor Hall of Fame, ranked the #1 advisor in the nation by Research Magazine [...]

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SOUTHERN CALIFORNIA HOME FINANCING AUTHORITY Single-Family Mortgage Revenue Bond Program For First-Time Homebuyers

by Scott Schang February 2, 2010 Down Payment Help

Broadview Mortagage Katella is pleased to announce that we are participating in a NEW first time homebuyer program available in Orange and Los Angeles Counties beginning February 2nd, 2010
ABOUT SCHFA
Southern California Home Financing Authority (SCHFA) is a joint powers authority between Los Angeles and Orange Counties formed in June 1988 to issue tax-exempt mortgage revenue [...]

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Ric Edelman – Press Releases and Events

by Scott Schang February 2, 2010 Financial Planning

Ric Edelman is a no nonsense often controversial financial planner that is not afraid to tell people what they don’t want to hear. Great guy, good advice – it’s worth the read

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BREAKING NEWS: FHA Lifts No Flipping Ban – Translation: More FSBO’s Available on the Market

by Scott Schang February 2, 2010 Financial Planning

What is “House Flipping” anyway?
House “flipping” is when someone buys a home at, ideally a below market price, fixes it up, then resells it as soon as it’s been rehabilitated for a healthy profit.
In the past, there has been many instances of collusion and conspiracy to turn huge profits at the expense of those who [...]

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FHA Makes Move to Reduce Exposure to Risk: In English – It’s going to cost you more to get an FHA loan!

by Scott Schang February 2, 2010 Buyers Beware!

BREAKING NEWS: Upfront Mortgage Insurance Increase beginning April 5th, 2010
The increased up front mortgage insurance premium will appear on all FHA mortgages that receive a case number after April 5th, 2010.

PRESS RELEASE: January 20th, 2010 – Deciphered into (highly biased and subjective) English by me on January 21st, 2010.
I basically cut out a lot [...]

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Governor Briefly mentions Homebuyer Tax Credit in Recent Speech

by Scott Schang February 1, 2010 Tax Credits

Governor Schwarzenegger spoke about his Jobs initiative at a SJ Silicon Valley Chamber of Commerce Lunch on Thursday, January 28th, 2010.
In an almost 44 minute speech, the Gov snuck in one quick reference about the tax credit….and here it is:
And I urge the legislature also to come up with their own job creation package or [...]

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Refinances still possible up to 97% Loan to Value

by Scott Schang January 27, 2010 Market Updates

I know this is off topic from what I usually talk about but I get many questions about refinancing that I would like to answer.
With the drastic decline in property values in the State of California, fewer loan options, and tighter qualifying guidelines refinancing your home has become increasingly more difficult.
There are still refinancing options [...]

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Governor Holds Press Conference to Highlight $10,000 Homebuyer Tax Credit

by Scott Schang January 17, 2010 Market Updates

Fresno, CA January 14th, 2009 – Making the Case for Stimulating California’s Housing Market

If you’re like me and don’t want to sit through 20 minutes of political hyperbole, here’s a summary of the above speech. Plus, I can’t stop thinking he’s going to say “Come with me if you want to live”….I dunno, too much [...]