This well-written article will assist Palos Verdes home buyers in determining their mortgage options when purchasing their new home. Home buyers strengthen their position when they submit a PreApproval letter and proof of funds along with their Purchase Offer. Included is some information to gather before applying for a home mortgage/loan
Palos Verdes homes owners can take advantage of the new federal mortgage complaint and dispute resolution hotline which became available on December 1, 2011.
Increased FHA loan limits can help Palos Verdes homes buyers with its generous 3.5% down payment requirement and minimum 620 FICO score requirement.
Buyers and sellers of Palos Verdes real estate as well as Palos Verdes homes owners wanting to refinance are currently affected by the lack of transparency regarding who actually receives the appraisal fee.
Palos Verdes real estate new home loans and refinanced loans now have additional credit checks during the approval process.
Palos Verdes real estate owners watch the discussions regarding the possible elimination/reduction of the mortgage interest deduction.
Fannie Mae and Freddie Mac are charging new Add-On Fees for mortgages based on "cumulative risk".
Palos Verdes homes owners may have their FICO credit scores reduced if their home equity line and/or credit card limit has been reduced and their current balances are closer to their new limits.
Refinancing your mortgage for Palos Verdes real estate in 90274 and 90275 with "interest rates (that) re the lowest they have been since April 1951".
Palos Verdes Real Estate Appraisals in 90274 and 90275 with the Home Valuation Code versus the Wall Street Reform and Consumer Protection Act.