1st Nationwide Mortgage Corporation

1st Nationwide Mortgage Corporation Trusted Mortgage Lender, check rates & get quotes here. Real Estate and mortgage news NMLS ID # 1281 Texas NMLS ID # 1437886 http://www.nmlsconsumeraccess.org/
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All Things About HOA’s You Want to Know – OC Neighborhood Moves
03/01/2019
All Things About HOA’s You Want to Know – OC Neighborhood Moves

All Things About HOA’s You Want to Know – OC Neighborhood Moves

All Things About HOA’s You Want to Know  HOA is an acronym for “Home Owner’s Association.” Homeowners typically pay their monthly/annual dues to this association in the community they reside. Why is there an HOA?HOAs are normally created when a developer builds residential property in a par...

1st-time home buyers have more concerns than the experienced buyer.
02/14/2019
Employment Concerns for First-time Home Buyers -

1st-time home buyers have more concerns than the experienced buyer.

The employment requirements for a mortgage allow for some variations which is good news for prospective first-timebuyers looking to buy a home.

How do lenders calculate my side-job income?
02/14/2019
Will Lenders Count All Income I Receive? -

How do lenders calculate my side-job income?

Borrowers who receive income from different sources may be surprised it can be used to qualify for a mortgage. Learn which types are acceptable.

Irvine is a favorite location for all ages. Learn how much is needed to become a resident.
02/12/2019
How Much is a 20-percent Down Payment on a Median-Priced Home in Irvine, CA? -

Irvine is a favorite location for all ages. Learn how much is needed to become a resident.

As of June 27, 2018, Trulia reports that a median-sales price for a home in Irvine, CA is $839,000. That means a 20% down payment would be $167,800. Keep reading to learn why yours could be a lot smaller than that. Qualified borrowers don’t necessarily need to come in with a 20% down payment when ...

If I Rent Out My Current Home Can I Get A Mortgage To Buy Another Home? -
02/12/2019
If I Rent Out My Current Home Can I Get A Mortgage To Buy Another Home? -

If I Rent Out My Current Home Can I Get A Mortgage To Buy Another Home? -

Sure, you can. It is not an issue for everyone! You may want to rent out your current home and get another mortgage to buy a new home. Many homeowners inquire with us and ask whether they should rent or sell their home. Some of the reasons are they are in a new relationship or …

Loan fees don't have to be frightening. Here's some tips to keep them reasonable.
02/12/2019
Best Ways to Keep Closing Costs Low -

Loan fees don't have to be frightening. Here's some tips to keep them reasonable.

Many home buyers, particularly first-timers, have a challenging task when it comes to the down payment and closing costs. A great solution for buyers to bring in less cash to closing is for the seller to help with some of the sales costs is by offering a credit at closing. There is a limit on …

Getting a Mortgage with Student Loan Debt -
02/07/2019
Getting a Mortgage with Student Loan Debt -

Getting a Mortgage with Student Loan Debt -

Home financing for people with college education debt is still accessible with recent rule changes in how lenders determine your payment.

Pay Loan Points or Not?
02/07/2019
Quick Overview Regarding Loan Points -

Pay Loan Points or Not?

One term that is frequently used by industry professionals when borrowers apply to buy a home or a refinance a mortgage is the term “points,” also known as “discount points".

Things to Know Before Buying a Vacation Home -
02/07/2019
Things to Know Before Buying a Vacation Home -

Things to Know Before Buying a Vacation Home -

What exactly do you want or expect from a vacation home? Do you want a busy place that is bustling with people and tourists or peace and quiet where neighbors are few and your privacy is a top priority?

Easier Qualifying for Borrowers with Student Loan Debt -
02/07/2019
Easier Qualifying for Borrowers with Student Loan Debt -

Easier Qualifying for Borrowers with Student Loan Debt -

Fannie Mae recently announced a few new changes that may help as many as 44 million poetntial borrowers who are strapped with student loan debt qualify for mortgage financing.

Renting in Orange County is Now Even Less Affordable -
02/07/2019
Renting in Orange County is Now Even Less Affordable -

Renting in Orange County is Now Even Less Affordable -

Research shows that rents in Orange County average $1,827 per month in 2017. Single family home rents are naturally higher at $3,114. A big reason the market is so tight is due to more renters in the region and fewer homeowners.

How First-time Buyers Can Save Money After Closing -
02/07/2019
How First-time Buyers Can Save Money After Closing -

How First-time Buyers Can Save Money After Closing -

When you transition from a renter to a first time homebuyer, you are now responsible for repairs and maintenance for the home. With that in mind, here are six tips to save money after closing on your first home.

An Overview of the Powerful Benefits of a VA Home Loan -
02/07/2019
An Overview of the Powerful Benefits of a VA Home Loan -

An Overview of the Powerful Benefits of a VA Home Loan -

Here's a quick recap on 9 of the many benefits of a VA home loan for eligible borrowers seeking home financing. The facts are very convincing why this is one of the best loans to apply for if you are a veteran, spouse of a veteran or presently serving in the military.

9 Home Buyer Myths and Facts -
02/05/2019
9 Home Buyer Myths and Facts -

9 Home Buyer Myths and Facts -

For many potential homebuyers, some allow their decision to be changed by a myth. Fear of buying a home is understandable but you need to know the facts from the myths.

Down Payment Gift Rules for Borrowers -
02/05/2019
Down Payment Gift Rules for Borrowers -

Down Payment Gift Rules for Borrowers -

With strong housing demand and price appreciation in California, potential buyers sometimes need more down payment money to purchase the home they have been searching months for. A Gift can do just that for qualified borrowers.

Cash-Out Refinance for Buyers with No Waiting Period -
02/05/2019
Cash-Out Refinance for Buyers with No Waiting Period -

Cash-Out Refinance for Buyers with No Waiting Period -

If you are looking to refinance a home you just bought. there is a loan program available called delayed financing. This is one of the best methods for a cash back refinance.

How to Save on Your Mortgage by Managing Your Credit -
02/05/2019
How to Save on Your Mortgage by Managing Your Credit -

How to Save on Your Mortgage by Managing Your Credit -

The credit score of the borrower has a big impact on the interest rate and how much you are able to borrow. Scores below 680 may find challenges while somebody with a 720 or higher credit score will receive close to or the best rates and pricing.

5, 10 or 20 percent down
09/01/2016
Low Dow Payment Mortgage Considerations -

5, 10 or 20 percent down

As you get into your 30s, found “the one” you want to put a ring on, the idea of cementing your roots in one place and calling it home have grown more and more attractive. So, you may find yourself searching homes for sale on local Orange County real estate sites or Zillow a few …

Important items to check for when buying a home
09/01/2016
Home Buying Checklist – OC Neighborhood Moves

Important items to check for when buying a home

Home Buying Checklist Posted on August 30, 2016August 30, 2016 by Chris When making a home purchase, a lot of excitement and planning can make you neglect significant issues after you move-in. It’s highly recommended that you error on being overly cautious than not. For most people, purchasing a ho...

04/05/2016
4th of July Celebrations in South Orange County

It is never too early for 4h of July.

A list of annual Fourth of July events and activities in South Orange County. So, yes this is everything that does not include Disneyland (which is in North ...

04/01/2016
Top 10 Must See Places San Juan Capistrano

Must See List of Places in San Juan Capistrano. Tip: go on the weekend.

Here's some favorite places to visit in San Juan Capistrano by those who recently traveled there. Become a homeowner or refinance your existing home with a l...

04/01/2016
VA Loan Advantages in California

Helping those who served our country. Now we're here to help you

Learn about the advantages of VA Home Loan financing in California whether you are active duty or a veteran looking to buy a home or refinance. The advantage...

Answers about #FHA Loans in Orange County, California
03/30/2016
Orange County FHA Mortgage Loan Q&A

Answers about #FHA Loans in Orange County, California

Orange County FHA Frequently Asked Questions (FAQ) What makes a mortgage an FHA loan? The Federal Housing Administration (FHA) insures FHA loans. This is one of the most significant factors. What are the primary benefits of an FHA loan? Most FHA borrowers seek the low down payment requirements of FH…

U.S. Mortgage Rates Still Favorable for Spring Home Buying Season - According to Freddie Mac's latest Primary Mortgage M...
03/14/2016
U.S. Mortgage Rates Still Favorable for Spring Home Buying Season

U.S. Mortgage Rates Still Favorable for Spring Home Buying Season - According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), U.S. mortgage rates moved higher for the second week in a row, while also only posting the second increase this year making mortgage rates very attractive for the upcoming spring home buying season.

Sean Becketti, chief economist of Freddie Mac says, "The 10-year Treasury yield ended the survey week exactly where it started, however the solid February employment report boosted the yield noticeably on Friday and Monday. Our mortgage rate survey captured the impact of this temporary increase in yield, and the 30-year mortgage rate rose 4 basis points to 3.68 percent. This marks the second increase this year. Nonetheless, the mortgage rate remains 33 basis points lower than its end-of-2015 level."

Freddie Mac PMMS Report Facts:

30-year fixed-rate mortgage (FRM) averaged 3.68 percent with an average 0.5 point for the week ending March 10, 2016, up from last week when it averaged 3.64 percent. A year ago at this time, the 30-year FRM averaged 3.86 percent.
15-year FRM this week averaged 2.96 percent with an average 0.5 point, up from last week when it averaged 2.94 percent. A year ago at this time, the 15-year FRM averaged 3.10 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.92 percent this week with an average 0.4 point, up from last week when it averaged 2.84 percent. A year ago, the 5-year ARM averaged 3.01 percent.
- See more at: http://www.worldpropertyjournal.com/real-estate-news/united-states/primary-mortgage-market-survey-march-2016-pmms-sean-becketti-freddie-mac-best-mortgage-rates-real-estate-news-spring-home-buying-season-data-9715.php#sthash.S7wwUvsY.dpuf

U.S. mortgage rates moved higher for the second week in a row, while also only posting the second increase this year making mortgage rates very attractive for the upcoming spring home buying season.

02/01/2016

With current mort rates below four percent, millions of U.S. homeowners are in position to refinance to save money.

And, although more households are refinancing than during any period in the last 18 months, only a little more than half of consumers think "it would be easy" to get a mortgage today.

The sentiment is unfounded.

Since the start of 2014, U.S. lenders have systematically loosened home loan guidelines such that, today, Ellie Mae reports records numbers of home loans making it through the loan approval process unscathed.

available for credit scores of 580 and higher; and with conventional loans requiring less paperwork, not since 2008 has it been so easy to be mortgage-approved.

Consumer sentiment is failing to follow the reality of today's housing and mortgage markets. Home values are rising and current mortgage rates are low.

AN INSTANT MORTGAGE RATE QUOTE

The Fannie Mae Housing Market Survey shows consumers expecting modest home price growth in the next 12 months, along with an increase in today's mortgage interest rates. Ultimately, both predictions may be proved wrong.

Take a look at today's real mortgage rates now. Your social security number is not required to get started, and all quotes come with instant access to your live credit scores.

Reasons We Like FHA Loans For Home BuyersFHA LOANS ARE FLEXIBLE AND ACCESSIBLEHome buyers today don't often make a purch...
12/10/2015

Reasons We Like FHA Loans For Home Buyers
FHA LOANS ARE FLEXIBLE AND ACCESSIBLE

Home buyers today don't often make a purchase with 20% down.

Low- and no-downpayment mortgages remain popular with first-time buyers and repeat buyers alike; and one of the most popular low-downpayment mortgage program is the FHA loan via the Federal Housing Administration.

Nearly 1 in 5 U.S. buyers uses an FHA loan to finance a home purchase.

The program's popularity, in part, is because buyers can make downpayments of just 3.5 percent via the FHA. But, there are other reasons why FHA loans are in demand, too.

In addition to loose underwriting standards, FHA mortgage rates are lower than comparable conventional rates; and FHA loans can be assumed by a home's subsequent buyer.

This is especially valuable in a rising mortgage rate environment.

FHA Allows A 3.5% Downpayment

The FHA Doesn't Require A SSN

There Are Many FHA Loan Products

The FHA Insures All Property Types

The FHA Has Flexible Credit Standards

The FHA Allows Extended Loan Sizes

FHA Loans Are Assumable

The FHA Offers Construction Loans

Access To The FHA Streamline Refinance

WHAT ARE TODAY'S FHA MORTGAGE RATES

For more than 80 years, the FHA home loan program has helped U.S. homeowners purchase homes affordably and refinance them. Compare today's rates and see what an FHA loan can do for you.

Take a look at today's FHA mortgage rates now. Your social security number is not required to get started, and all quotes come with instant access to your live credit scores.

Tax Deductions & Tax Credits Available To U.S. Homeowners TAX DEDUCTIONS REDUCE HOMEOWNERSHIP COSTSThis article is curre...
10/29/2015

Tax Deductions & Tax Credits Available To U.S. Homeowners
TAX DEDUCTIONS REDUCE HOMEOWNERSHIP COSTS

This article is current for the 2015 tax year and should not be considered tax advice. For tax-related questions or mortgage strategy related to your individual tax liability, speak with a licensed accountant.

Tax season may feel like a burden for some Americans, but homeowners have plenty of advantages when it comes to claiming deductions.

The U.S. tax code is designed to offer incentives to homeowners, and by taking advantage of these breaks, 1040-filing citizens can maximize their financial investment in homeownership.

Whether a home is financed via a mortgage, or paid-in-full with cash, there are a multitude of tax-savings opportunities associated with owning a home.

Of course, every homeowner's financial situation is different, so please consult with a tax professional regarding your individual tax liability.

TAX DEDUCTION : MORTGAGE INTEREST PAID

Mortgage interest paid to a lender is tax-deductible and, for some homeowners, interest paid ca provide a large tax break -- especially in the early years of a home loan.

This is because the standard mortgage amortization schedule is front-loaded with mortgage interest.

At today's mortgage rates, annual interest payments on a 30-year loan term exceed annual principal payments until loan's 10th year.

Mortgage interest tax deductions are extended to second mortgages, too.

Interest paid on refinances, home equity loans (HELOAN) and home equity lines of credit (HELOC) are tax-deductible as well. However, restrictions apply on homeowners who raise their mortgage debt beyond their property's fair market value.

The Internal Revenue Service (IRS) imposes a $1 million loan size cap. Loans for more than one million dollars are exempt from this tax deduction.

TAX DEDUCTION : DISCOUNT POINTS

Mortgage tax deductions can extend beyond your monthly payment. Discount points paid in connection with a home purchase or a refinance are often tax-deductible, too.

A discount point is a one-time, at-closing fee which gets a borrower access to mortgage rates below current "market rates".

As an example, if the current mortgage rate is 4 percent, paying one discount point may get you access to a mortgage rate of 3.75%. The IRS treats discount points as "prepaid mortgage interest" which, in turn, can render them tax-deductible.

When discount points are paid in conjunction with a purchase, the cost may be deducted in full in the year in which they were paid, dollar-for-dollar. With respect to a refinance, discount points are not fully tax-deductible in the year in which they are paid.

With a refinance, discount points are typically amortized over the life of the loan.

The cost of one discount point on a 30-year loan can be deducted at 1/30 of its value per tax-calendar year.

OTHER DEDUCTIONS : PROPERTY TAXES, RENOVATIONS, HOME OFFICE

Real Estate Taxes

Homeowners typically pay real estate taxes to local and state entities. These property taxes can often be deducted in the year in which they are paid.

If your mortgage lender currently escrows your taxes and insurance, it will send an annual statement to you which you can file with your complete federal tax returns.

Your accountant can help determine the payment's tax deductibility.

Home Improvements

For tax-paying homeowners, certain types of home improvement projects are tax-deductible.

Home improvements made for medical reasons, for example, can be tax-deductible. If you are making home renovations to accommodate a chronically ill or disabled person, and the renovations do not add to the overall value of the home, the project costs are typically 100% tax deductible.

Repairs and improvements made for aesthetic purposes are not tax-deductible.

Home Offices

Homeowners who work from their residence can typically deduct the expenses of maintaining a qualified home office.

Allowable tax deductions for a home office include renovations to the room(s), telephone lines, and the cost of heat and electric. Before claiming a home office on your returns, though, be sure to speak with an accountant to understand the benefits and liabilities.

There are caveats to claiming home office tax deductions on your tax returns, and the rules can be tricky.

HOMEOWNERS : BUDGET FOR YOUR TAX BREAKS

Tax deductions will reduce your annual costs of homeownership and, for some homeowners, mortgage interest tax deductions will shift the answer to the "Should I Rent or Should I Buy?" question.

Tax law changes frequently, though. Consider building your housing budget with the help of a tax preparer. Get a feel for how much home you can afford before and after accounting for your various homeowner tax breaks. And, as you build your budget, use legitimate mortgage rates in your calculations.

Take a look at today's real mortgage rates now. Your social security number is not required to get started, and all quotes come with instant access to your live credit scores.

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65 Enterprise
Aliso Viejo, CA
92656

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