theFrontSteps – San Francisco

Wonder no more: This page allows you to look up the FHA mortgage limits for your area or several areas, and then list them by state, county, or Metropolitan Statistical Area. -Hud.gov

This topic was discussed very lightly in a thread somewhere back on this site, but we thought it deserved front page attention. From “the Banker”: I have found that there is a tremendous amount of uncertainty and recent questions in reference to all of the Condo Guidelines and Approval Changes that are directly hitting the [...]

Where readers ask and we (the community) try to answer: Hi I have been looking at your blog, quite a while, very useful. Thanks for all the work. I have a question regarding refinancing, and hopefully you or your readers can help me. I am refinancing with Wells Fargo with a locked 30 year fixed [...]

Where readers ask and we (the community) try to answer: Question for any mortgage experts out there. I have a large heloc line. If I don’t use the line, I am at risk that the bank will decide to take it away. If I use the line (even if I keep it in cash), can [...]

Where readers ask and we (the community) try to answer. Can you have someone, maybe “the banker”, speak to the loan environment and requirements for loans on homes over 1 million dollars? Thanks. Banker? You reading? You can either send us your answer via email, or post in the comments and we’ll cut/paste to the [...]

With the recent dip in interest rates many homeowners are rushing to refinance only to come upon a very large obstacle, appraised values of their homes are coming in low…very low. The biggest reason being that there are not enough comparable property sales in the past 3 months to set lenders nerves at ease. Perhaps [...]

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If you’ve been wondering what all of this Government takeover of Fannie and Freddie means, you’re hardly alone, so we just went ahead and copied what we just read to give you some different perspectives of what is being said in the real estate world. We take zero credit for this, it all came from [...]

Did we read that headline correctly? Is that quite possibly the first headline in over two years about the housing/mortgage market that doesn’t spell disaster? Or is it the shot of Tequila and can of Tecate (a bit of lime squeezed in and a touch of salt on the rim) talking? Home loan applications are [...]

Kelly McCray comes through with a comment that will be heard around the world! I was at the east bay CAMB [California Association of Mortgage Brokers] legislative update meeting yesterday. It is becoming quite clear that there will be little, if any, impact with the raise in conforming loan limits. This news is disappointing to [...]