In June of 2018, Fannie Mae announced significant changes to their guidelines regarding the review of condos. The government-backed company will now allow a limited review for the purchase or refinance of a condo unit if the borrower can...
Because a down payment is such a massive barrier to homeownership for many Americans, the Chenoa Fund helps break this barrier by financing the expense. Through the program, borrowers can actually receive an FHA mortgage and combine it with...
New communities often have trouble funding the important public works and services that established communities take for granted. Schools, libraries, fire departments, and parks, just to name a few, can cost hundreds of millions of dollars to build, and...
Across the nation, the call for legalized recreational marijuana is gaining momentum. As more and more states make pot legal for recreational use, it’s creating an industry that is employing hundreds of thousands of people, ranging from minimum-wage employees...
It’s all over the news. You can’t watch a financial show without seeing the logo. You can’t read a trade magazine without seeing new information about the skyrocketing value. It’s Bitcoin, and it’s the current buzz in the financial...
It’s everyone’s favorite topic! Taxes...with a sprinkling of politics, just to keep you interested! Okay, it may not be exciting, and at times it can be confusing, disheartening, and downright frustrating, but the subject remains important. If you haven’t heard,...
Home prices are on the rise and the federal government is responding. In a press release issued on Nov. 28, 2017, the Federal Housing Finance Agency (FHFA) announced that they are increasing the conforming loan limits for 2018 baseline...
Building a Granny Flat in San Diego Have you ever considered building a granny flat in San Diego as a way to enjoy personalized, on-site care for your aging or elderly parent(s)? Constructing on-site living and care quarters (or “granny...
We can all remember the events that ultimately led to the dismantling of the private mortgage industry as well as reigning in mortgage giants Fannie Mae and Freddie Mac back in 2008. FHA loans were also affected as lenders...
Well, that didn’t take very long, did it? The new President Trump formally suspended the implementation of new government programs that have been proposed yet not implemented. The announced reduction was to have taken effect on January 26. But...