Real Estate Loans

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CHDAP’s BACK! Downpayment assistance in California

  WHAT IS IT? The California Homebuyer’s Downpayment Assistance Program (CHDAP) provides a deferred-payment junior loan – up to 3% of the purchase price, or appraised value, whichever is less – to qualified borrowers to be used for their down payment or closing costs.  Specifically qualified and eligible – you must meet a moderate income [...]

By | 2010-01-07T09:56:44-08:00 January 7th, 2010|First Time Home Buyer Assistance|0 Comments

Why are loan disclosures so confusing?

(This post was written for another blog and posted well before the new Reg Z changes that took place 1/1/2010. The new 'disclosures' are even more fun!) I'm often asked "why are all of these real estate loan disclosures so confusing?"  The answer is pretty simple - even if it's not what most people want [...]

By | 2010-01-06T16:29:04-08:00 January 6th, 2010|Loan Talk|0 Comments