Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. I own a house with $400,000 left on my mortgage at 5%. Similar houses nearby are worth between…
Via: Reuters.com WESTLAKE VILLAGE , Calif.–(Business Wire)– US Home Loan Advocates, Inc. (USHLA), the only loan modification company in California endorsed nationwide by the National Association of Mortgage Brokers (NAMB), reports business has doubled since the passage of Senate Bill 94 . US Home Loan Advocates never charged fees…
The government’s mortgage insurance program, which has become a key pillar of the housing recovery, reported this week a steep drop in cash reserves, increasing the likelihood of a taxpayer funded bailout. I’m a day late to this news, but I wanted to blog on the Federal Housing Administration’s…
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Chris in Fremont asks: Q. I currently rent an apartment for $1,050 a month and work a part-time job…
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Debra in Irvine asks: Q. My husband and I are retired (ages 75 and 68). We have a home…
Federal Housing Administration insured loans have accounted for about 25% of purchase home loans in Orange County over much of this year, after the loan limit was raised to nearly $730,000 in high-cost areas like this county. FHA’s market share has also grown nationwide. With FHA’s insurance pool covering…
National Mortgage News reports that Home Mortgage Disclosure Act figures for 2008 show that minorities “were big losers in the market contraction last year.” And with credit still tight, the outlook for minority access to home loans this year and next looks bleak. But is that a bad thing?…
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Ed in Yorba Linda asks: Q. We have a 740 FICO credit score, more than ample reserves, no consumer…
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Louis in Irvine asks: Q. I am a married 74-year-old retiree. I took out a 40-year adjustable-rate loan in…
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. I’m interested in buying a house but I have little money for a down payment. I was wondering…