User profile

Status:
Name: Chris Williamson
Nickname: Chris Williamson
Member since: 2008-06-22 18:04:46
Website URL: http://www.SanMateoMortgageBlog.com
About me:

Facebook profile
 

User comments

California's New Home Buyer Tax Credit

February 1st, 2010 at 11:53 am

Hi Ken, Yes…you still qualify for the tax credit if you are getting an FHA loan as long as you meet all of the other requirements. Feel free to contact me with any other questions. Thanks, Chris

First Time Home Buyer Loan Program for Financing Foreclosures

January 9th, 2010 at 11:49 am

Thanks, Randy. Let us know if there are specific topics you’d like us to cover.

Monthly Mortgage Payment Estimator

December 15th, 2009 at 1:01 pm

Thanks, Brandon! Glad you enjoyed the post.

Stated Income Loans

November 9th, 2009 at 4:00 pm

Hi J, In the search that I just did, most said stated income loans were no longer available in Colorado. It seems that all the sources seem to be putting the brakes on those programs.

Stated Income Loans

September 29th, 2009 at 3:10 pm

Thanks, Rick. Glad you like the blog. This program has helped a lot of people. Hopefully your market will get better soon.

2009 San Mateo County Conforming Loan Limits

September 16th, 2009 at 9:06 am

Thanks, Ron. Glad you found it informative. Thanks for the link. We’ll check it out!

Can I Use Tax Credit Money for a Down Payment?

September 4th, 2009 at 10:37 am

Hi Connie, You are correct. At the time of this post, FHA was supposed to be working out a plan to put this into action. However, since then, no solid plans have surfaced and since the deadline for the first time home buyer tax credit is looming, it is safe to say it likely will not happen in time. Thanks for your input! – Chris

What Is and What Is NOT a Pre-Approval

August 24th, 2009 at 12:46 pm

MortgageGuy: Thanks for your comment and I couldn’t agree with you more.

The other day a buyer came to me with a “Buyer’s Certificate” from a big bank which they told him was a pre-approval letter. Of course, none of his income, assets or credit had been verified and they even refused to answer his questions about financing until he got into contract. But, because the buyer had no experience with getting a loan, they weren’t aware that their certificate wasn’t worth anything to a seller. As we’re starting to see multiple offers in San Mateo County again, this certificate could’ve lost him a house he really wanted.

Can I Use Tax Credit Money for a Down Payment?

May 28th, 2009 at 8:09 am

Yes. The federal tax credit is applicable across the United States. All counties in California are eligible.

What Does the New Economic Stimulus Bill Mean to First Time Home Buyers?

May 13th, 2009 at 2:00 pm

Yes it is. It is a great incentive for first time home buyers to purchase this year and save $8,000. Remember though, first time home buyers are classified as anyone who has not had any ownership interest in a property for 3 or more years. So, if you know someone who has been renting for a while maybe after a move or something, they are considered first time home buyer’s according to this program.

12 Biggest Mistakes Consumers Make When Refinancing

May 13th, 2009 at 1:58 pm

Absolutely. We not only monitor interest rates and market conditions for new clients looking to refinance, but we also put all of our clients into what we call the Mortgage Adoption Center. This system monitors our clients’ current mortgage rate and will alert them any time there is an opportunity to save money on their mortgage. Whether it be due to an interest rate drop, new loan program or cancellation of mortgage insurance, we let them know. Those clients who have signed our Auto Lock Agreement, where they have given us permission to lock their rate once it drops below a certain rate will never miss an opportunity to save money on their mortgage. We provide this service free to our clients, as well as any home owner who would like to sign up for the program. You can sign up by visiting http://www.MortgageAdoptionCenter.com or by contacting us.