Changes Coming To FHA Loan Collections Policies & FHA Loan Approval

April 5, 2012 | BY Chad Baker

FHA loan provides home financing with expanded income, credit, and down payment requirements compared to conventional loans.

As of April 9th 2012, FHA is implementing some changes to their credit policies making it increasingly difficult to qualify for a loan if you have outstanding collections. Read More about Changes Coming To FHA Loan Collections Policies & FHA Loan Approval

How to Buy a New House When Your Current House is Upside Down

March 31, 2012 | BY Chad Baker

Many homeowners have been caught up in the “bad timing” of the mortgage crisis and eventual loss of property values. As the dust has settled and the economy is showing signs of improvement, the average San Diego Homeowner owns a home that is approximately worth 23% less than it was in 2008. Read More about How to Buy a New House When Your Current House is Upside Down

Merrill Lynch Analysts: Home Prices have Reached Bottom

March 26, 2012 | BY Chad Baker

Home prices have reached bottom, according to analysts at Merrill Lynch.

In November of 2011, Bank of American and Merrill Lynch analysts forecasted that home prices would continue to fall an additional 8% through 2012 and reach the bottom halfway through 2013. Read More about Merrill Lynch Analysts: Home Prices have Reached Bottom