#david-hughson

Home Prices + Safe Loans = More Renters

According to an August study released by Zillow 86% of renters don’t have the income or credit to buy a home in their local markets. With home price increases and lenders more concerned with…

Is This Your Best Chance Yet To Buy A Home?

For most first time home buyers the biggest challenge they face is coming up with the funds needed for down payment. This leaves few financing options that can mean many wait on the sidelines…

What Will My Mortgage Payment Be?

Grigory Perelman is the mathematician who solved the Poincare conjecture but I wonder if he has ever tried to figure out a home loan payment using an online mortgage calculator? Getting a home…

Income Based Repayment Plans

I recently saw something I hadn’t see before. I pulled a client’s credit report and it showed a student loan balance of over 200k with $0 monthly payment due. Now people can request student loans…

One Thing You Need To Know About Interest Rates

The one thing you need to know is that rates could go lower. While that may be hard to believe there are some economic forecasters who are predicting a recession within the next 2-3 years which…

3 Ways To Access Your Home’s Equity

Home equity has rebounded. While the U.S. housing market hasn’t completed its rebound, most home values have been rising steadily. That’s certainly good news for homeowners! CoreLogic, a leading…

Working With Someone You Trust

What matters most when choosing your loan source? Is it loan programs, interest rates, closing costs, or all of the above? Here’s a wild idea. It’s about working with someone you trust. Imagine…

Hottest Real Estate Markets Across U.S.? Go West, Homebuyer

By Brian O’Connell For full Article click this link: http://www.thestreet.com/story/13552654/1/hottest-real-estate-markets-across-u-s-go-west-homebuyer.html After a terrible month of March for the…

The Biggest Story of 2016

What is the biggest story of 2016? Is it that interest rates are as low now as they were when they reached their bottom in the spring of 2013? No, it’s that nobody is talking about it. I’ve been…

Down Payment Programs 101: The 3 most common homebuyer programs

Source: http://downpaymentresource.com/know-your-programs-an-overview-of-the-three-most-common-homebuyer-assistance-programs/ Did you know there are more than 2,400 homebuyer programs available…

Use The MCC Tax Credit To Boost Your Home Purchase Power

Example of the Federal Tax Credit advantage of an MCC: MCC of $2,000 No MCC With MCC Taxable Income $50,000.00 $50,000.00 Mortgage Interest Deduction $10,000.00 $8,000.00 Taxable Income $40,000.00…

Buying Multiple Units As An Owner Occupied Property

Having see-through vision is not just for Superman. We all have this power but it’s only when we move forward with some intention to execute that vision that we see it’s profound impact. When it…

2 Loan Programs You Must Know About

Our Southern California housing market demands a lot from buyers. Whether purchasing a primary residence, a second home, or investment property the biggest challenge for all potential home buyers…

Purchase Up To $611,000 With 5% Down

With our San Diego housing market being in a high cost area means down payment amounts are almost always a considerable amount of money for buyers to come up with to qualify for their loan. For…

FHA Loans Are Critical To Our Housing Market

A few of the big banks like Bank of America, Wells Fargo, and Quicken Loans are pulling away in part or entirely from offering FHA loans. You might not think that’s a big deal because you don’t…

Updated credit scoring system could open window for more buyers

BY KENNETH HARNEY If you’ve been frustrated that the credit scoring system has prevented you from getting a home mortgage, 2016 could be a watershed year. Important changes are in the works. The…

Rocket Mortgages Crash Land

Did you see the commercials? They were in heavy rotation during the divisional round games of the NFL playoffs and again during the conference championship games yesterday. The Rocket Mortgage…

Mortgage Insurance Tax Deductibility is back!

On December 18, 2015, the President signed legislation that renews the tax deductibility of mortgage insurance (MI) premiums for qualified borrowers through 2016. The deductibility is effective…

Fed Rate Hike Could Be Good For Long Term Interest Rates

In two days the central banking system of the United States known simply by most people as the Fed will meet to discuss monetary policy. Most are predicting an increase of .25 to the federal funds…

The GreenHouse Group’s Pumpkin Patch Carving Winner 2015

Fewer Than 1% Of People Pay Off Their Home Loan Early

There are so many services offered these days that you can literally outsource your life. All you have to do is look at the capability of your smart phone to know we’re living in an amazing time…

Google Could Be Your Next Mortgage Broker

By Kathryn Vasel of CNN Money money.cnn.com The tech giant launched Google Compare for mortgages on Monday that will allow potential home buyers to find and compare home loans. When looking to buy…

HOA’s Work For You, Right?

In a way I can’t blame them. Who doesn’t like to make a quick buck. Wait…scratch that, I do blame them when making that buck means overcharging others. The tradition of gouging is alive and well…

IMPORTANT Minimum Borrower Contribution Reduced

As consumer demand continues to peck away at the tight lending guidelines Freddie Mac announced an important minimum borrower contribution reduction that I’d like to highlight this week. Freddie…