San Marino California Real Estate Market Resource

FNMA announced today that it’s raising its Loan to Value (LTV) limits.  This means that home buyers can put a lot less money down to buy their dream home. 
It all sounds great, right?  Fabulous news!
NOT Really!
Well it’s not as it seems just like all the other announcements that have been made recently.  FNMA is trying [...]

The Fed announced another rate cut. The rate has been cut by .75% yesterday. What a great time to get or refinance a HELOC (Home Equity Line of Credit).
If you need a recommendation to a good lender, let me know and I’d be happy to provide several references.

Well… finally we have heard the announcement on the new conforming loan limits. 
Are these limits set in stone?  NO… Yikes…. I have been calling and interviewing different lenders and there is still confusion as to whether or not this is fully official.
Time will tell.   So stay tuned for more announcements.
In the meantime, for Los Angeles including San Gabriel Valley [...]

I asked my friend Ricardo Bueno, a Pasadena Mortgage Broker to explain in detail the difference between locking and floating a loan and what does that mean.  Here’s his post – Enjoy!
Lock or Float? Mortgage Rate Locks Defined!

If you’ve been following the Daily Mortgage Updates here on The Industry Report, I’ve been giving you recommendations [...]