What is a reverse mortgage and how does it work?
A reverse mortgage is a loan that enables homeowners 62 years of age and older to tap into some of the equity they have accumulated in their home and convert it into tax-free cash. A Home Equity Conversion Mortgage (HECM) is safe and secure because it [...]

He’s back. After seeing his New Jersey casino empire slide into bankruptcy for a third time, real estate baron Donald J. Trump has returned to the table.

As part of a deal cut with bondholders and announced today, Trump will receive a 10% stake in a newly recapitalized company, which owns three casinos in Atlantic City [...]

According to a search I did on sellingredding.com there are currently 255 bank owned properties, also known as “REOs” for sale in Shasta County.  Whether your a first time home buyer or buying up this means there are 255 bargains out there to choose from and that number is growing as more REOs are released [...]

I once told my colleague Dean Foust, who was writing an article about the Hooter’s restaurant chain, that a planned Hooter’s casino in Vegas was a sure thing. “I’d invest in that,” I said. Scantily-clad women, beer, gambling, what could go wrong?
Alas, the latest results for 155 East Tropicana, the entity that owns Hooter’s Las [...]

USDA Rural Loan
If you live in or near a rural area, there is an excellent government program that can help you obtain a home loan.
The United States Department of Agriculture (USDA) Guaranteed Rural Housing (GRH) loan program offers a conventional 100% loan; meaning zero down payment! In addition, there is no requirement for mortgage insurance [...]

It’s no surprise lending and real estate regulations have changed as a result of the credit crisis. We have already seen tightened lending practices that resulted from rising mortgage delinquencies, and now our legislators in Washington have enacted new laws changing the way lenders do business today.

If you are a home buyer or real estate [...]

Veteran Home Loans
Did you know that eligible veterans can buy a home with as little as zero money down?
If you are actively serving in the armed forces, or are a veteran who received a discharge classified as Honorable or Under Honorable Conditions and served a minimum of 90 days active duty, you may qualify! The [...]

FHA home loans are a great option for many homebuyers and homeowners looking to purchase or refinance! While the FHA home loan programs were originally designed for first-time homebuyers, that is not the case today. FHA home loans are available to everyone and are a great option to consider.
FHA Purchase Loans – If you are [...]

Starting December 12th, 2009 homebuyers may lose up to 20% of their buying power. More importantly, current clients are not going to be ‘grandfathered’ into the current underwriting guidelines.

Automated Underwriting has given our clients the ability to push their buying power over standardized debt-to-income guidelines. Debt-to-income ratios represent the ability for a borrower to repay [...]

Being a good consumer means comparing prices and doing your homework. Shopping for a home loan is no different. Here are some important things to consider to ensure you are making accurate comparisons and good decisions:
Be sure you are making an apples-to-apples comparison by using same-day similar rates for identical types of mortgages. (For example, [...]