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News Update (Update: 12-29-2009)

2010 Mortgage Related Law Changes (RESPA)

New 'Good Faith Estimate' will help borrowers save nearly $700

WASHINGTON - For the first time in more than 30 years, the U.S. Department of Housing and Urban Development today issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers...Details

Other News...

CA Fraud Warning

2010 Economic Forecast

First-Time Home Buyer Tax Credit

For Home Owner

(Update: 12-28-2009)

For Buyers

(Updates: 12-29-2009)

For Sellers

(Updates: 12-16-2009)

Reverse Mortgage

....First you should understand that a reverse mortgage is a loan where you borrow against the current equity in your primary residence. With a reverse mortgage you do not make payments on the loan while you reside in the home. You begin making payments once the home is no longer your primary residence...(More)

What is PMI (Private Mortgage Insurance)?

Lenders Mortgage Insurance (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a mortgage loan. ...(More)

Buy or Sell First?

For homeowners aiming to sell their home and buy another, it's the classic real estate, which came first, the chicken or the egg, question -- buy or sell first? If you sell first, you may find yourself under a tight deadline to find another house, or be forced in temporary quarters. If you buy first, ...(More)