Windmills and Mortgage Tax Credits?? If you’ve ever driven into the Silicone Valley from I-5 south of Stockton, you’ve driven over the Altamont Pass. It’s an interesting place where the Rolling Stones played a concert and hired the Hell’s Angles to act as security. It didn’t work out to well. Then in the late 1970s [...]
Wow! This was quite the week for Home Lending in California First the good news: CalHFA (the California Housing Finance Agency) announced today that they are eliminating their requirement that borrowers need a 1% cash investment into the transaction – and the requirement that it be from the borrower’s own funds. What this means is [...]
Down Payment Gift a Leg Up to Home Ownership, But Know Tax Rules We explain the tax details around giving the gift of a home down payment. Read Visit houselogic.com for more articles like this. Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®
THE NEW SYSTEM WILL DRAMATICALY DECREASE DEPOSITS INTO THE MIP INSURANCE FUND! No, really, it's true.
The pre-qualification goes a step beyond that to actually approve you from a credit perspective. My way of looking at the difference is you get pre-qualified to see what you want to do, and you get pre-approved to be in a position to actually do it.