From the category archives:

Mortgage News

2010 Conforming Loan Limits for San Mateo County

November 23, 2009

Good news for San Mateo home buyers as the temporary conforming loan limits for high cost areas will stay the same until December 2010. The key word is temporary, because without President Obama signing this extension on October 31st, 2009, the conforming loan limit in San Mateo County would have been scaled back to $625,500 [...]

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Federal Home Buyer Tax Credit Not Just for San Mateo First Time Home Buyers Anymore

November 12, 2009

The $8,000 federal home buyer tax credit for San Mateo first time home buyers, which was set to expire on November 30, 2009 was extended to the first half of 2010 (now set to expire on June 30, 2009) and now includes San Mateo County home buyers who have owned a home in the past. [...]

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2009 FHA Loan Limits in San Mateo County

September 25, 2009

What is an FHA loan? For those of you who don’t know what an FHA loan is, it is a loan insured against default by the Federal Housing Administration (FHA). FHA insures the lender against default by the borrower, which means FHA will pay the lender back should you default. This insurance encourages lenders to [...]

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FHA Streamline Refinance Guidelines Changing in 2010

September 22, 2009

New FHA Guidelines for Streamline Refinance in 2010 Under today’s 2009 FHA streamline refinance guidelines, homeowners with FHA mortgage loans are able to lower their monthly mortgage payment when FHA reduces the interest rate. Today’s guidelines allow homeowners to refinance without an appraisal or verifying income and assets with fast turnaround times. Even homeowners with [...]

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2009 San Mateo County Conforming Loan Limits

September 14, 2009

A conforming loan is a loan that meets Fannie Mae and Freddie Mac’s uniform national standards. Who Are Fannie Me and Freddie Mac? Fannie Mae and Freddie Mac are governmental organization that purchases and secures residential mortgage loans from lending institutions. Why, you might ask? Fannie Mae and Freddie Mac buy loans from banks and [...]

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